Viterra Calls 2012 Annual General and Special Meeting of Shareholders for March 8, 2012 and Updates Shareholders on Continuing Board Renewal Process

CALGARY, ALBERTA--(Marketwire - Oct. 28, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) ("Viterra" or the "Company") today announced that the 2012 Annual General and Special Meeting of Shareholders will be held on March 8, 2012 at Sheraton Suites Calgary Eau Claire, 255 Barclay Parade S.W., Calgary, Alberta.

Through its Nominating and Corporate Governance Committee, Viterra is in the process of setting a slate of proposed nominees for its Board of Directors that reflects Viterra's commitment to ensure that the evolving needs of the Company are addressed. As part of this ongoing process, Viterra wishes to update shareholders that:

• directors Vic Bruce and Paul Daniel will not be standing for re-election at the 2012 Annual General and Special Meeting of Shareholders;

• two internationally recognized search firms have been retained to assist the Company in finding suitable replacements; and

• the Nominating and Corporate Governance Committee will also continue to seek input from Viterra's shareholders and other important stakeholders on the appropriate composition of the Board.

Thomas Birks, Viterra's Board Chair, commented on behalf of the Board that "Vic Bruce and Paul Daniel are dedicated, hard-working directors and we will miss their significant contributions in the boardroom. Vic joined the Board in September 2002 and has helped guide Viterra through its transformation into a leading global agri-business company. Paul, as a former director of ABB Grain Ltd., joined the Board following Viterra's acquisition of ABB Grain in 2009, and his guidance has been invaluable in the successful integration of Viterra and ABB Grain over the last two years."

About Viterra

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations in Canada, the United States, Australia and New Zealand. The Company's growing international presence also extends to offices in Japan, Singapore, China, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, Viterra operates three distinct businesses: Grain Handling and Marketing, Agri-products and Processing. Viterra's expertise, close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.