Saskatchewan Wheat Pool Inc. (the "Pool") (TSX:SWP) and Agricore United ("AU") (TSX:AU) announced today that the Pool has completed its acquisition of AU. Earlier today, the Court of Queen's Bench of Manitoba issued the final order approving the acquisition by the Pool of all of the outstanding limited voting common shares (the "Common Shares") of AU not already owned by the Pool and the redemption by AU of each outstanding Series A convertible preferred share of AU (the "Preferred Shares") not already owned by the Pool. Holders of Common Shares whose shares have been acquired under the arrangement will receive $20.50 in cash for each Common Share.

Holders of Preferred Shares whose shares have been redeemed under the arrangement will receive $24.00 in cash plus accrued and unpaid dividends for each Preferred Share.

Pursuant to the arrangement, the Pool has acquired an additional 8,989,497 Common Shares, representing approximately 14.9% of the outstanding Common Shares. As a result, the Pool now owns all of the outstanding Common Shares and AU is a wholly-owned subsidiary of the Pool. A total of 510,754 Preferred Shares were redeemed by AU pursuant to the arrangement.

The Common Shares and Preferred Shares will soon be delisted from and will no longer be traded on the Toronto Stock Exchange.

AU intends to apply to cease to be a reporting issuer under applicable Canadian securities laws in each of the jurisdictions in which it is currently a reporting issuer.

Saskatchewan Wheat Pool Inc. is a publicly traded agribusiness headquartered at 2625 Victoria Avenue 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 common shares are listed on the Toronto Stock Exchange under the symbol SWP.

Agricore is one of Canada's leading agri-businesses with headquarters in Winnipeg, Manitoba and extensive operations and distribution capabilities across western Canada, as well as operations in the United States and Japan. Agricore uses its technology, services and logistics expertise to leverage its network of facilities and connect agricultural customers to domestic and international customers and suppliers. The company's operations are diversified into sales of crop inputs and services, grain merchandising, livestock production services and financial services.