Alliance Grain Expands Share Sale

TORONTO - Apr 7/10 - SNS -- Alliance Grain Traders Inc. (AGTI) increased the number of shares sold to a syndicate today to 2,237,500 common shares for an aggregate sum of $71,600,000.

The syndicate, led by Genuity Capital Markets and including GMP Securities, Canaccord Financial Ltd., Cormark Securities, Macquarie Capital Markets, and Wellington West Capital Markets, paid $32 per common share. The size of the over-allotment option of 262,500 Common Shares remains unchanged.

The net proceeds of the offering will be used to finance AGTI's growth strategy, working capital requirements and general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

AGTI is a pulse processor and exporter engaged in the business of value-added processing (cleaning, splitting, sorting and bagging) of pulses and specialty crops, for export and domestic markets. Through its processing facilities located in some of the best pulse growing regions in Canada, the U.S., Turkey and Australia, AGTI handles a full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed. Through its subsidiaries in Turkey, AGTI also produces Arbella Pasta, rice, and milled wheat products, such as bulgur and semolina.

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