Mr. Willy Janzen reports

BUHLER INDUSTRIES RECEIVES ADDITIONAL FINANCING

Buhler Versatile Inc., a wholly owned subsidiary of Buhler Industries Inc., has entered into a new $45-million credit facility with Farm Credit Canada (FCC).

Under the terms of the agreement, FCC will provide a $35-million mortgage to Buhler Industries. The company has already drawn $25-million to repay its line of credit of $25-million with CIBC in July. A further draw of $10-million is for operations and/or the repayment of related party debt. The mortgage is amortized over a 15-year term and has no principal repayment in the first year.

In addition to the mortgage above, FCC will provide a $10-million revolving loan to the company for investment in capital expenditures.

The company continues to negotiate additional credit facilities and expects to close on the credit facilities by the end of the year.

About Buhler Industries Inc.

Buhler Industries is headquartered in Winnipeg, Man., Canada, and is a publicly traded company on the Toronto Stock Exchange (TSX: BUI). The company manufactures and distributes its product through several brand names including Versatile and Farm King. The Versatile line of equipment consists of tractors and tillage. Farm King supplies augers, mowers, bale carriers, snowblowers and compact implements. The company has manufacturing facilities and warehouses in both Canada and the United States.

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