Viterra Hosts Annual General Meeting for Shareholders

CALGARY, ALBERTA--(Marketwire - March 9, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) held its Annual General Meeting for shareholders today in Calgary, Alberta. As part of the formal business of the meeting, shareholders voted to re-elect 13 directors to the Board. Deloitte & Touche LLP was approved as the Company's auditor.

Shareholders also approved a resolution that allows the Company to adopt a "Key Employee Share Unit Plan". Details of the Plan are contained in Viterra's Management Information Circular, dated February 2, 2011, which is available on SEDAR and at www.viterra.com in the "Investors" section.

Viterra's Board consists of the following:

Vic Bruce joined the Board in 2002. Mr. Bruce is a delegate for Federated Co-operatives Ltd. and is a graduate of the Directors Education Program of the Institute of Corporate Directors. He operates a family farm corporation at Tuxford, Saskatchewan, specializing in pedigree seed production.

Tom Chambers joined the Board in 2006. Mr. Chambers is an experienced professional accountant, most notably having served for 26 years as a Partner with PricewaterhouseCoopers LLP. He is currently a board member and the Chair of the Audit Committee for Catalyst Paper Corporation, Coopers Park Corporation and MacDonald Dettwiler and Associates, which are all public companies.

Paul Daniel joined the Board in 2009. Mr. Daniel is a Fellow of the Australian Institute of Company Directors. The Daniel family operates its farming interests, principally grain growing, from Balaklava, which is in South Australia's main production area for wheat and barley.

Bonnie DuPont joined the Board in 2008. Ms. DuPont retired as Group Vice President of Enbridge Inc. in March 2010. She is a director of the Bank of Canada, Silver Birch Energy and Bird Construction. Ms. DuPont is a member of the Board of Governors of the University of Calgary and sits on its Executive Committee.

Perry Gunner joined the Board in 2009. Prior to joining the Board, Mr. Gunner was Chairman of the Board of ABB Grain Ltd. He continues to serve as a director of a number of public companies, holding current positions as Chairman of Freedom Foods Group Ltd., and director of Australian Vintage Ltd. and A2 Corporation Ltd. Mr. Gunner and his family produce branded beef and lamb in Australia.

Tim Hearn joined the Board in 2008 after his retirement from Imperial Oil Limited, where he was Chairman, President and CEO from 2002 to 2008. Mr. Hearn is presently the Chairman of Hearn and Associates and is a member of the Royal Bank of Canada's Board of Directors. In addition, he is Chair of the Advisory Board of the new Public Policy School and a member of the Dean's Medical School Board at the University of Calgary.

Dallas Howe joined the Board in March 2005. Mr. Howe is the Chief Executive Officer of DSTC Ltd. and has been the Chairman of the Board of Potash Corporation of Saskatchewan since 2003. He currently serves as a Director of Advance Data Systems Ltd. and is a Board member of the C.D. Howe Institute. Mr. Howe was made a Fellow of the Institute of Corporate Directors in 2009.

Kevin Osborn joined the Board in 2009. Mr. Osborn is also Deputy Chairman of the South Australian Economic Development Board and Chairman of the Adelaide Desalination Cross Agency Steering Group. He had a 30-year career in international financial markets, and is a Foundation Fellow of the Australian Institute of Company Directors and a Fellow Professional of the National Institute of Accountants.

Herb Pinder joined the Board in March 2003. Mr. Pinder is President of the Goal Group of Companies and is currently on the Board of ARC Resources, three private energy companies, and is Chairman of Cavalier Inns, a small hotel group.

Larry Ruud joined the Board in 2008. Mr. Ruud was a partner with Meyers Norris Penny LLP from 2000 until 2009 and in March of that year was appointed President and CEO of One Earth Farms. He is currently enrolled in the Institute of Corporate Directors' Directors Education Program. Mr. Ruud owns a farm south of Vermilion, Alberta.

Max Venning joined the Board in 2009. Previously, Mr. Venning was a Deputy Chairman of ABB Grain Ltd. A grower from Bute in South Australia, he is heavily involved in the local community, and is an active member of the Crop Science Society.

Mayo Schmidt is the President and Chief Executive Officer of Viterra and a director on the Board. Mr. Schmidt joined our Company in 2000 and became a director in 2005. He has successfully guided the expansion of Viterra, extending the Company's reach and influence through diversification and global growth initiatives. Under Mr. Schmidt's leadership, Viterra has transitioned from a Company that was once largely a handler and marketer of Western Canadian grain to a global agri-business with three distinct business units: Grain Handling and Marketing, Agri-products, and Processing.

Mr. Schmidt is an active participant in business and industry organizations. He is a member of the Canadian Council of Chief Executive Officers, a member of Washburn University's Board of Trustees and the Lincoln Society, and a contributor to Harvard University's Private and Public, Scientific, Academic and Consumer Food Policy Group. He also serves on the Board of Directors of the Global Transportation Hub Authority.

Thomas Birks, Chairman, joined the Board in March 2005. Mr. Birks is the President of Birinco Inc., a small merchant bank with investment portfolios ranging from private equity to passive investments. He has served as a board member of numerous corporations, educational institutions, hospitals and foundations.

Complete biographies of each Director can be found at www.viterra.com.

About Viterra

Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Canada, the United States, Australia, and New Zealand. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland, Italy, Ukraine, Germany, and India. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and value-added processing. Our 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.