Lantic Sugar Limited

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Lantic Sugar Limited and Rogers Sugar Limited have merged into a new operating entity now known as Lantic Incorporated, effective June 30, 2008. The two companies have worked together as one for a number of years. We have now taken the final step to identify ourselves as a wholly unified operation. We have pursued this goal to achieve improved operating efficiencies, increased marketing abilities, and optimal bottom line results for our stakeholders. For the investment world there will be no change, as our public corporate name remains Rogers Sugar Income Fund. The new company, Lantic Incorporated, is a subsidiary of the Fund. The established trademarks of both Lantic and Rogers will continue to be used by the new company as we leverage the historic brand awareness we enjoy in Eastern Canada with the Lantic name, and Western Canada with the Rogers name. The finest traditions of both companies now form the foundation of a culture that is national in character and diverse in ambition. We have entered a new and dynamic era in the life of our company, which began nearly a century ago. Lantic Incorporated is one of two refiners in eastern Canada and operates a cane sugar refinery in Montreal, Quebec. In Eastern Canada, sugar products are marketed primarily under the “Lantic” trade name and include granulated, icing, cube, liquid, yellow and brown sugars. In Western Canada, Lantic Incorporated is the leading refiner, processor, distributor and marketer of sugar products. The Company has two sugar processing facilities, a cane sugar refinery in Vancouver, British Columbia and a sugar beet processing facility in Taber, Alberta. The Company's sugar products are marketed primarily under the "Rogers" trade name, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty sugars and syrups. Lantic started operating a sugar refinery in Saint John New Brunswick in 1915 under the name Atlantic Sugar Limited. In the 1980’s, Atlantic Sugar Limited changed its name to Lantic Sugar Limited and acquired other sugar refiners in eastern Canada The first acquisition was Cartier Sugar in Montreal in 1981, followed by Westcane Sugar of Toronto in 1983, St-Lawrence Sugar of Montreal in 1984 and the Raffinerie de Sucre du Québec in 1986. All of these facilities were closed except for the St-Lawrence Sugar facility on Notre-Dame Street in Montreal, where all production output was consolidated over the years. The Montreal refinery was first constructed on the current site in 1888, with an annual capacity of 50,000 metric tonnes. The rationalization of the eastern refineries in the late 1990s has made Lantic’s Montreal refinery a world class refinery, with a straight time capacity of over 440,000 metric tonnes. In 1890, the Rogers family constructed Western Canada's first cane sugar refinery on the site of the Company's present Vancouver facility. The refinery was Vancouver's first substantial industry not based on forestry or fishing. Production of refined sugar commenced in 1891, with raw sugar imported from Asia. The Company expanded into the processing of sugar beets with the purchase of a factory in Raymond, Alberta in 1931. Rogers subsequently expanded the beet sugar business by building factories in Picture Butte and Taber, Alberta. In the 1950s Rogers acquired control of Manitoba Sugar Company, which had a sugar beet processing facility in Winnipeg. Rogers ceased production at the Winnipeg facility in January 1997 and today operates a single beet sugar facility in Taber Alberta. As the sole sugar processor in Western Canada, the Company supplies over 90% of the demand for refined sugar. On June 30, 2008, Lantic Sugar Limited and Rogers Sugar Limited merged to form Lantic Incorporated

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