Press Releases

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

TORONTO, March 17 /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 March 2004, payable on or before April 15, 2004 to unitholders of record on March 31, 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.

The Fund also announced that Menu Foods GenPar Limited (the general partner of Menu Foods Limited Partnership, a subsidiary of the Fund (“MFLP”)) declared that the distribution to holders of Class B Exchangeable Units in MFLP for the first quarter of 2004 will be equal to the residual distributable cash of the Fund, after giving effect to the above noted distribution, of up to 31.50 cents per Class B Exchangeable Unit. Such distribution is to be made in May 2004 after the approval of the financial statements of the Fund for the quarter ended March 31, 2004.

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 one billion containers of wet pet food per year and is focused on the manufacture and sale of premium private-label wet pet food products.

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