Saskatchewan Wheat Pool Inc.
TSX : SWP

Saskatchewan Wheat Pool Inc.

April 05, 2007 16:28 ET

Pool, GSU Reach Tentative Collective Agreements

REGINA, SASKATCHEWAN--(CCNMatthews - April 5, 2007) - Saskatchewan Wheat Pool Inc. (TSX:SWP) ("Pool") and the Grain Services Union ("GSU") announced today that they have successfully negotiated tentative collective agreements covering the Saskatchewan-based operations/maintenance staff and head office staff. Terms of the agreements remain confidential pending ratification by the respective parties.

The Pool has approximately 150 head office staff and 550 country staff under the collective agreements.

Mayo Schmidt, President and CEO of the Pool, said: "Our employees are quality-driven and engaged individuals who contribute to our high performance team every day. We recognize their contributions as we move forward to reach our goal as an agri-business champion."

The ratification process is expected to be complete by April 26, 2007.

Saskatchewan Wheat Pool Inc. is a publicly traded agribusiness headquartered in Regina, Saskatchewan. Anchored by a Prairie-wide grain handling and agri-products marketing network, the Pool channels Prairie production to end-use markets in North America and around the world. These operations are complemented by value-added businesses and strategic alliances, which allow the Pool to leverage its pivotal position between Prairie farmers and destination customers. The Pool's common shares are listed on the Toronto Stock Exchange under the symbol SWP and its existing subscription receipts are traded under the symbol SWP.R. The new subscription receipts will trade under the symbol SWP.N.

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