SWP Sells Agricore Terminal

REGINA - Jun 29/07 - SNS -- The Saskatchewan Wheat Pool sold Agricore United's grain handling terminal in the Port of Vancouver to Alliance Grain Terminal, a consortium of Prairie grain handling companies formerly known as Terminal West for undisclosed terms.

The divestiture is in accordance with the October 2002 consent agreement with the Commissioner of Competition requiring Agricore United to divest one of its grain handling terminals in the Port of Vancouver. Grant Thornton Limited was appointed as trustee in May 2006 to conduct the sale process. The purchase by Alliance Grain Terminal has been approved by the Commissioner, as required by the October 2002 consent agreement, and was not objected to by Agricore.

The sale is not expected to materially impact on the Company’s results from continuing operations. The proceeds of the sale may be used for general corporate purposes.

Pacific Elevators grain handling terminal, located in the Port of Vancouver, will be operated by Agricore and the Pool, as the two companies integrate their operations. The Pool will wholly own and operate the Cascadia terminal and Pacific Elevator at the Vancouver port.