On October 22, 2008, Canada Bread Company, Limited declared a dividend of $0.06 per share payable on January 2, 2009 to shareholders of record on December 8, 2008. Unless indicated otherwise by the corporation in writing at or before the time the dividend is paid, each dividend paid by the Corporation in 2008 or a subsequent year is an eligible dividend for the purposes of the "Enhanced Dividend Tax Credit System".

Canada Bread Company Limited, which is 89.8% owned by Maple Leaf Foods Inc., is a leading manufacturer and distributor of fresh bakery products, frozen par-baked products and fresh pasta and sauces. The Company had 2007 sales of $1.5 billion and employs approximately 8,800 people at its operations across North America and in the United Kingdom.

SOURCE: Canada Bread Company, Limited

Contact: Lynda Kuhn, Vice-President, Investor & Public Relations, (416) 926-2026