Saskatchewan Wheat Pool making a formal offer for Agricore United’s outstanding Limited Voting Common Shares, Series A Convertible Preferred Shares, and its Unsecured Subordinated Convertible Debentures. 

The Saskatchewan Wheat Pool is moving in on Agricore United.  Saskatchewan Wheat Pool Inc. intends to make a formal offer for Agricore United’s outstanding Limited Voting Common Shares, Series A Convertible Preferred Shares, and its Unsecured Subordinated Convertible Debentures.   Saskatchewan Wheat Pool President and CEO Mayo Schmidt says the proposal would give Saskatchewan Wheat Pool and Agricore a stronger and more diversified presence amidst the growing demands of a highly competitive marketplace.   He adds they are attempting to create a significant agri-business with decades of expertise, superior assets and a truly unique home grown Canadian advantage.  Agricore United was surprised by SWP’s move.   Agricore United's Board of Directors will be meeting to consider the unsolicited proposal and will respond in due course.  In the meantime, Agricore United will not comment on the offers and will not speculate as to any future course of action it might take.  Security holders are urged not  to tender their securities pending completion of this review and recommendation from the Board.   Agricore United is one of Canada's leading agri-businesses with headquarters in Winnipeg and extensive operations and distribution capabilities across western Canada, as well as operations in the United States and Japan.