Press Releases

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

TORONTO, January 15 /CNW/ - (TSX:MEW.UN): Menu Foods Income Fund (“Menu” or the “Fund”) announced today its distribution of 10.50 cents per unit for the month of January 2004, payable on or before February 16, 2004 to unitholders of record on January 30, 2004.

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 the leading North American private-label/contract manufacturer of wet pet food products sold by supermarket retailers, mass merchandisers, pet specialty retailers and other retail and wholesale outlets and currently produces more than one billion containers per year.

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