Mr. Peter Flengeris reports

VITERRA CLOSES PRIVATE PLACEMENT OF US$400 MILLION SENIOR NOTES

Viterra Inc. has closed its private placement of $400-million (U.S.) of 5.95-per-cent senior notes due 2020.

The notes were issued at a price of 99.481 per cent, will pay interest semi-annually on Feb. 1 and Aug. 1 of each year, beginning Feb. 1, 2011, and will mature on Aug. 1, 2020.

Proceeds from the private placement will be used to reduce borrowings under Viterra's global credit facility and for general corporate purposes.