Agricore United Offers Dividend Reinvestment

WINNIPEG - Mar 19/04 - SNS -- Agricore United is offering shareholders a chance to reinvest the quarterly dividends declared this week.

The dividend reinvestment plan allows participating shareholders to increase their investment in the Company by choosing to automatically reinvest cash dividends received on Limited Voting Common Shares and Series A Convertible Preferred Shares in Limited Voting Common Shares.

Under the plan, cash dividends received on Limited Voting Common Shares will be reinvested at a discount of 5% from the weighted average of the TSX market price for the five trading days immediately preceding the applicable dividend payment date, and cash dividends received on Series A Convertible Preferred Shares will be reinvested at a price equivalent to the weighted average market price.

There will be no commission, service charges or brokerage fees charged for the reinvestment of dividends under the plan, and all administrative costs of the plan will be paid by the Company. Residents of the United States are not eligible to participate in the plan.

The effective date of the plan will be on or about March 22, 2004. Registered shareholders will be sent a copy of the plan and an enrollment form by mail. Limited Voting Common Shareholders will receive these documents with their dividend cheque for the quarterly dividend payable March 22, 2004. Shareholders and other persons may also request a copy of the plan after March 22, 2004 from Computershare Trust Company of Canada, 9th floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1, telephone 1-800-564-6253 (fax 416-263-9394).

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