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Maple Leaf Foods Inc.: Notice of Intention

TORONTO–(BUSINESS WIRE)–Aug. 15, 2005–Maple Leaf Foods Inc.
(TSX:MFI) today announced that it has filed a Notice of Intention to
make a normal course issuer bid with The Toronto Stock Exchange (the
“TSX”) and that the TSX has accepted the Notice of Intention. Under
the bid, the Company will have the right to purchase, commencing
August 17, 2005, up to a maximum of 5,249,796 of its Common Shares
(representing approximately 5% of its outstanding Common Shares) over
the following twelve months through the facilities of the TSX. The
Company had 104,995,934 Common Shares issued and outstanding as of
August 8, 2005. Common Shares purchased by the Company under the bid
will be cancelled.

The normal course issuer bid will remain in effect until the
earlier of the date on which the maximum number of Common Shares
permitted under the bid have been purchased, the date the Company
provides notice of termination of the bid, or August 16, 2006.

Management considers the normal course issuer bid to be in the
best interests of the Company. The purchase of Common Shares would
offset the dilutive effect of share issuances on existing
shareholders arising from: the issue from treasury of Common Shares
under the Company’s Share Incentive Plan, pursuant to acquisitions or
as a result of the exercise of conversion rights under the Company’s
convertible debentures prior to their redemption in January 2005.

Maple Leaf Foods Inc. is a leading Canadian food processing
company committed to delivering quality food products to consumers
around the world. Headquartered in Toronto, Canada, the Company
employs approximately 23,000 people at its operations across Canada
and in the United States, Europe and Asia. Maple Leaf Foods Inc. had
sales of more than $6.4 billion in 2004.

Maple Leaf Foods Inc. (TSX:MFI)

CONTACT: Maple Leaf Foods Inc.
Lynda Kuhn
Vice-President, Public & Investor Relations
(416) 963-6159 or (416) 926-2026

SOURCE: Maple Leaf Foods Inc.