Agricore United

Agricore United
Terminal One Vancouver Ltd.

July 29, 2005 13:36 ET

CORRECTION FROM SOURCE: Agricore United Announces Extension of Terminal Sale to Terminal One Vancouver Ltd.

WINNIPEG, MANITOBA--(CCNMatthews - July 29, 2005) - A correction from source has been issued with respect to the release on July 29, 2005 at 11:59am ET. Due to multiple revisions the complete corrected release follows:

On May 6, 2005, Agricore United (TSX:AU.LV) and Terminal One Vancouver Ltd. ("Terminal One") announced that they had signed an agreement for the sale of the former United Grain Growers Limited terminal elevator in Vancouver, British Columbia to Terminal One. The transaction is not expected to close by the original August 1, 2005 closing date. However, Agricore United and Terminal One continue to work diligently to conclude a transaction as early as practicable.

Agricore United is one of Canada's leading agri-businesses. The prairie-based company is diversified into sales of crop inputs and services, grain merchandising, livestock production services and financial markets. Agricore United's shares are publicly traded on the Toronto Stock Exchange under the symbol "AU.LV".

Terminal One represents a consortium of five farmer-owned inland grain terminals operating in Saskatchewan: Great Sandhills Terminal Marketing Centre Ltd., North East Terminal Ltd., North West Terminal Ltd., Prairie West Terminal Ltd. and South West Terminal Ltd.

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