$8 MILLION INVESTMENT AT OAKVILLE PLANT AND OTHER OUTCOMES

The production capacity reorganization in Olymel's processed poultry sector in Ontario will entail an investment of $8 million at the Oakville plant, as well as major renovations starting in the coming weeks. Among other things, one of two production lines from the Paris plant will be installed in Oakville. This redevelopment will also have a positive impact on the poultry products plant on Orenda Road in Brampton, Ontario, particularly for tumbling operations. The reorganization will also make way for equipment to be transferred from the Paris plant to the poultry further processing plant in SainteRosalie, in the Montérégie Est region of Quebec, thereby reducing the cost of acquiring this equipment, increasing production capacity for certain poultry products, and improving employment prospects Once the work is completed, operations at the Oakville plant will require an additional 62 employees, bringing the total number of workers in the facility to 180. The company will assess all options for the future of the Paris facilities, including putting them up for sale, and will announce its intentions at the appropriate time.

with those in Oakville was taken to ensure efficiency and cost savings This decision will prevent the projected costly investments needed to update the company's equipment at the Paris plant, notably to eliminate noise and odour disturbances for the neighbourhood After renovations are complete, the Oakville plant will be able to carry out its current operations while integrating the activities from the Paris plant into its production lines. I know that the announcement of the closure is difficult news for the Paris employees On behalf of the company, I would like to extend appreciation to them for their years of loyal service Between now and the closure in December, Olymel will make every effort to help in the relocation or transition to employment in another sector," says Yanick Gervais, President and CEO, Olymel.

processing plants and 5 distribution centres in Canada.

About Olymel

Olymel is Canada's leader in the production, processing and distribution of pork and poultry meats. The company has made feeding the world its mission, which it pursues passionately with products of impeccable quality. It has production and processing facilities in Quebec, Ontario, Alberta, Saskatc hewan and New Brunswick, and employs over 13,000 people. Its annual sales approximate $4.5 billion. The company markets its products mainly under the Olymel, Lafleur, Flamingo, La Fernandière, Pinty's, Tour Eiffel and F. Ménard brands.

"The decision to close the Paris plant definitively was much thought-over, and the choice to consolidate the Paris operations

Following the closure of the Paris plant, Olymel will have 5 plants in Ontario: the Port Colborne poultry slaughtering, cutting and boning plant; the Oakville further processing plant; the Westwyn poultry boning and further processing plant and the Orenda breaded products plant, both located in Brampton; and the pork further processing plant located in Cornwall. In total, Olymel operates 24 pork and poultry

For further information: Source: Olymel L.P., Acting Director, Corporate Communications, AudreyGiboulet @OLYMEL.com; Information: Richard Vigneault, Corporate Communications, 514-497-1385, 450-771-0400

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with Tina Graziano Energy Reader