September 16, 2008

Viterra Inc. announced that the company has tabled its last, best and final offers to the Grain Services Union (GSU) bargaining committees, representing the Regina Office and the Saskatchewan Country Operations and Maintenance bargaining units.

The two parties yesterday resumed talks, and earlier today the GSU agreed to take the offers to its membership for a vote.

The GSU has informed the company that it will present the offers to its members. Members will decide if they wish to accept or reject the company's offers and are expected to vote in the coming days.

Additionally, the GSU has agreed to suspend its strike activity at Saskatchewan country locations until the outcome of a vote is known. Viterra will lift the lockouts that were imposed on individual employees who participated in strike activity at eight of the company's country facilities.

Regina Office employees will be presented the offer on Monday (September 15) with a vote currently anticipated for Tuesday (September 16).

If the agreements are accepted, employees will have a long-term contract with the same market-based compensation and health care benefits enjoyed by the vast majority of employees at Viterra.

Viterra Inc. is Canada's leading agri-business, with extensive operations and distribution capabilities across Western Canada and with operations in the US, Japan and Singapore.