Winnipeg, Manitoba and Regina, Saskatchewan
October 21, 2002

Agricore United and Saskatchewan Wheat Pool (SWP) have entered into a binding agreement under which Agricore United will acquire SWP's 30-per-cent ownership of Western Pool Terminals Ltd., a port terminal in Vancouver, British Columbia, and its related operating company Pacific Elevators Limited. Agricore United will now become the sole owner of the 199 000-tonne port facility.

Terms and conditions of the transaction were not disclosed.

Agricore United is one of Canada's leading agri-businesses. The prairie-based company is diversified into sales of crop inputs and services, grain merchandising, livestock production services and farm business communications. Agricore United'' shares are publicly traded on the Toronto Stock Exchange under the symbol "AU".

Saskatchewan Wheat Pool is a publicly traded agribusiness headquartered in Regina, Saskatchewan. Anchored by a prairie-wide grain handling and agri-products marketing network, the Pool channels prairie production to end-use markets in North America and around the world. These operations are complemented by value-added businesses and strategic alliances, which allow the Pool to leverage its pivotal position between prairie farmers and destination customers. The Pool's Class B shares are listed on the Toronto Stock Exchange under the symbol "SWP.B".