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Maple Leaf Foods Supports Free Trade Negotiations Between Canada and Japan

TORONTO, March 25, 2012 /PRNewswire via COMTEX/ –Maple Leaf Foods is pleased to announce
its support for the negotiations between Canada’s federal government
and the Government of Japan towards achieving a free trade agreement
that could significantly benefit Canada’s agri-food sector.

“We congratulate both governments on taking the important first steps
towards this historic partnership,” said Michael McCain, President and
CEO, Maple Leaf Foods. “Maple Leaf Foods has had a strong presence in
Japan for many years, serving many valued Japanese customers with high
quality fresh chilled and frozen pork. This agreement could unlock
tremendous opportunities to increase the supply of Canadian pork
products to a priority international market for Canada’s agri-food
sector. We encourage and are hopeful for a timely and ambitious outcome
of these negotiations.”

Maple Leaf Foods appreciates the efforts of Canada’s federal government
to conclude free trade agreements with a number of countries. In
addition to the CanadaJapan free trade negotiations, Maple Leaf Foods
looks forward to the federal government’s urgent conclusion of a free
trade agreement with South Korea. Significant Canadian agri-food
exports to South Korea are at risk due to the tariff advantage
exporters from the U.S. and other countries now enjoy through trade
agreements with the country.

Maple Leaf Foods Inc. is a leading food processing company,
headquartered in Toronto, Canada. The Company employs approximately
19,500 people at its operations across Canada and in the United States,
the United Kingdom, and Asia. The Company had sales of $4.9 billion in
2011.

SOURCE Maple Leaf Foods Inc.