Agricore United is reviewing the recently mailed unsolicited share exchange offer from Saskatchewan Wheat Pool. 

Agricore United is reviewing the recently mailed unsolicited share exchange offer from Saskatchewan Wheat Pool. The Pool wants to purchase all the Outstanding Limited Voting Common Shares, Series A Convertible Preferred Shares, and Convertible Unsecured Subordinated Debentures of Agricore United. Agricore United advises its shareholders and debentureholders that there is no need for them to take any action to respond to the hostile bid at this time and they should not tender any shares until they have received a recommendation by the company's Board of Directors. The offer's current expiry date is January 24, 2007. The Board expects to make its recommendation by mid-December. The Agricore United Board of Directors has established a Special Committee of independent directors to thoroughly evaluate the offer and to examine a range of strategic alternatives, including continuing as a stand-alone entity. The Special Committee will undertake this review in consultation with its financial advisors and its legal counsel.