Press Releases

/Not for release over U.S. Newswire services./

TORONTO, Aug. 19 /CNW/ - (TSE:MEW.UN): Menu Foods Income Fund announced today its August 2002 distribution of 9.79 cents per unit for the month of August 2002, payable on or before September 16, 2002 to unitholders of record on August 30, 2002. This represents an 11.75% yield on the initial public offering price of $10.00 per unit.

The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions during the thirty days following the end of such month.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.

Menu is a leading North American manufacturer of private-label wet pet food products, selling its products to supermarket retailers, mass merchandisers, pet specialty retailers and other retail and wholesale outlets. Menu currently produces more than 800 million containers of wet pet food per year and is focused on the manufacture and sale of premium private-label wet pet food products.

Further information can be found in the disclosure documents filed by Menu Foods Income Fund with the securities regulatory authorities, available at www.sedar.com

For further information: Mark Wiens, Chief Financial Officer, Menu Foods GenPar Limited, (905) 826-3870