Viterra Inc. announced that it has formally launched the Viterra brand in Australia and New Zealand through the renaming of ABB Grain Ltd. All of ABB's Australian and New Zealand operations will adopt the brand name Viterra. The Pastoral and Rural Services division will be renamed the Agri-products division, reflecting its commitment to grow this segment of the business. The consumer product names in Australia such as Joe White Maltings, and NRM and PCL in New Zealand will be maintained, with a decision to follow after a further review. A full rebranding initiative is scheduled to occur over the next several months.

Viterra Inc. confirmed that four former Directors of ABB Grain Ltd. (ABB) have joined Viterra's Board of Directors. Viterra also noted that to facilitate the appointment of these new Directors, because of limitations under the Canadian Business Corporations Act with respect to the number of directors that can be added to the Board at any one time, Mr. Herb Pinder, a long-time Viterra Director, has temporarily resigned from the Board and will act as an observer until spring 2010. Viterra intends to nominate Mr. Pinder for re-election as a Director at the next annual meeting of shareholders. Mr. Perry Gunner, B.AgSc, Grad. Dip. Bus. Admin, Mr. Max Venning, MAICD (Deputy Chairman), Mr. Paul Daniel, FAICD, and Mr. Kevin Osborn, FAICD, FFTA, FPNA.

Viterra Inc. reported unaudited earnings results for the fourth quarter and full year ended October 31, 2008. For the quarter, the company reported EBIT of $70.0 million against $30.0 million for same period a year ago. For the year, the company reported EBIT of $425.8 million against $202.9 million for same period a year ago. Cash flow provided by operating activities for the period was $238.7 million against $59.2 million for same period a year ago. Property, plant and equipment expenditures for the period was $55.6 million against $114.9 million for same period a year ago.