Mr. Mike Walton reports

ROGERS SUGAR ANNOUNCES EXTENTION OF COLLECTIVE AGREEMENT AT TABER REFINERY

The United Food and Commercial Workers Union, representing the employees at Rogers Sugar Inc.'s Taber sugar beet refinery, has ratified the extension of its current collective agreement to March, 2032.

The Taber refinery employs about 120 unionized workers. Over the past few months, the company and the union have met on several occasions with the objective of extending the current collective agreement signed in 2022 and scheduled to expired in March, 2027.

"The extension of the term of the current collective agreement to March, 2032, shows the commitment we are making to the sugar beet industry in Alberta," said Mike Walton, president and chief executive officer of Rogers Sugar. "We are committed to our operations in Alberta as the extension of the collective agreement of the Taber sugar beet refinery follows the recent long-term supply agreement we signed with the Alberta Sugar Beet Growers. These agreements will anchor our continued commitment to our customers in Western Canada, strengthening our position as a leading supplier to the Canadian food industry."

About Rogers Sugar Inc.

Rogers is a corporation established under the laws of Canada. The corporation holds all of the common shares of Lantic, and its administrative office is in Montreal, Que. Lantic operates cane sugar refineries in Montreal, Que., and Vancouver, B.C., as well as the only Canadian sugar beet processing facility in Taber, Alta. Lantic also operates a distribution centre in Toronto, Ont. Lantic's sugar products are mainly marketed under the Lantic trademark in Eastern Canada and the Rogers trademark in Western Canada, and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups. Lantic owns all of the common shares of Lantic Maple Inc. (formerly known as The Maple Treat Corp.), and its head office is headquartered in Montreal, Que. Lantic Maple operates bottling plants in Granby, Degelis and in St-Honore-de-Shenley, Que., and in Websterville, Vt. Lantic Maple products include maple syrup and derived maple syrup products supplied under retail private label brands in approximately 50 countries and sold under various brand names.