Mr. Don Hill reports

SUCRO COMPLETES ACQUISITION OF REMAINING 49% OWNERSHIP OF SWEET LIFE SERVICES SUBSIDIARY

Sucro Ltd. has completed its previously announced share swap with Amerikoa Holdings LLC and MB Central-Bond LLC, companies controlled by Matthew Dyer, Sucro's vice-president of U.S. sales. Under the transaction, a Sucro subsidiary acquired the 49-per-cent ownership interest in Sweet Life Services LLC not already owned in consideration for: (i) the transfer to the MB companies of a 19-per-cent ownership interest in Amerikoa Ingredients LLC (the MB companies own the other 81-per-cent interest); and (ii) the issuance of 155,550 subordinate voting shares of Sucro at a deemed price of $13.35 per share. Sucro also issued an additional 15,215 subordinate voting shares at a deemed price of $13.35 per share in consideration for the surrender by the MB companies of a promissory note for cancellation in the principal amount of $142,133 (U.S.) and accrued interest thereon of $4,588 (U.S.). All Sucro shares issued pursuant to the transaction are subject to a four-month holding period in Canada and such longer holder periods as may be required under securities laws of other applicable jurisdictions.

Sweet Life provides value-added sugar processing and warehousing services, and serves as the distribution agent for the Sucro Group's sugar products in the United States. Amerikoa Ingredients is a United States-based manufacturer and distributor of sweeteners, starches and other ingredient products for the U.S. food and beverage industry.

Mr. Dyer is the controlling shareholder of the MB companies, and, therefore, the transaction was considered to be a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and TSX Venture Exchange Policy 5.9. The transaction was, however, exempt from the formal valuation and minority approval requirements of the rule and policy as the fair value of both the subject matter of the transaction to be exchanged and the consideration therefor were less than 25 per cent of Sucro's market capitalization at the relevant time.

About Sucro Ltd.

Sucro is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility, and two cane sugar refineries under development in Hamilton, Ont., and University Park, Ill. (a suburb of Chicago). The company has offices in Miami, Mexico City, Cali, Sao Paulo and Port of Spain.