Press Releases

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

TORONTO, March 12 /CNW/ - (TSX: MEW.UN): Menu Foods Income Fund (“Menu”) announced today that it has completed the previously announced private placement of 2.5 million trust units at a price of $14.60 per trust unit for gross proceeds of $36.5 million. The private placement was completed pursuant to the bought deal underwriting agreement with National Bank Financial Inc.

Menu will use the net proceeds from the offering to fund a number of growth oriented capital expenditures, including can and pouch capacity expansions, the acquisition of warehousing facilities in Emporia, Kansas and Pennsauken, New Jersey and for general corporate purposes.

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