Viterra Inc.: ABB Lodges Scheme of Arrangement

CALGARY, ALBERTA, Jul 30 (MARKET WIRE) --
Viterra Inc. (TSX: VT) is pleased to provide an update on the progress of
its proposed combination with ABB Grain Ltd. (ABB) through a scheme of
arrangement (Scheme). On May 19, 2009, ABB and Viterra announced the
signing of an Implementation Agreement under which Viterra proposes to
acquire all the issued and outstanding shares of ABB.

The Scheme booklet, which sets out information to assist ABB shareholders
in their voting decision regarding the proposed transaction with Viterra,
has been registered by the Australian Securities and Investments
Commission (ASIC) and filed with the Australian Securities Exchange
(ASX). The Federal Court of Australia approved the convening of an ABB
shareholder meeting on September 9, 2009 to consider the Scheme.

Should the Scheme be approved by ABB's shareholders, another meeting of
ABB's shareholders will be held later that day to consider a
constitutional amendment to remove a 15% ownership cap that currently
limits the number of shares an individual shareholder of ABB Grain can
own. This amendment will facilitate the proposed transaction with Viterra.

The Boards of both companies maintain their strong and unanimous support
of the transaction. ABB Directors have confirmed that they intend to vote
all of their shares in favour of the combination, in the absence of a
superior proposal.

Full details of the proposed transaction, including the indicative
timetable, are included in the Scheme booklet which will also be posted
to Viterra's website www.viterraaustralia.com and filed on SEDAR at
www.sedar.com.

About Viterra

Viterra Inc. is Canada's leading agribusiness, with extensive operations
and distribution capabilities across Western Canada, and with operations
in the United States, Japan, Singapore and Geneva. The Company is
diversified into sales and services of crop inputs and equipment, grain
handling and marketing, livestock feed, agri-food processing and
financial products. These operations are complemented by value-added
businesses and strategic alliances, which allow Viterra to leverage its
pivotal position between Prairie farmers and destination customers. The
Company's common shares are listed on the TSX under the symbol VT.

About ABB

ABB Grain Ltd. is a leading Australian agribusiness with a multi-faceted
operation and international focus. ABB's diversified operations stretch
across the entire supply chain. The company's core business divisions
include national supply chain, grain marketing, malt and rural services.
ABB employs 1100 staff across its divisions throughout Australia and its
international operations.

Contacts:
Viterra Inc.
Susan Cline
(306) 569-6948
Website: www.viterra.ca

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