Viterra Provides Further Update on Glencore Transaction

Viterra Provides Further Update on Glencore Transaction 
CALGARY, ALBERTA -- (Marketwire) -- 11/09/12 -- Viterra Inc.
(Viterra) (TSX:VT) (ASX:VTA) provided a further update today
regarding the status of regulatory approvals of Glencore
International plc (Glencore)'s proposed acquisition of Viterra. 
While the closing of the transaction remains subject to the
satisfaction or waiver of all applicable conditions, the sole
remaining regulatory approval condition is the approval of the
Ministry of Commerce of the People's Republic of China (MOFCOM) under
the Chinese Anti-Monopoly Law. 
Glencore and Viterra continue to engage with MOFCOM to ensure
approval as soon as possible. The ongoing review process continues to
advance however MOFCOM's approval is no longer expected to be
obtained in time to facilitate a closing of the acquisition by
November 15, 2012. 
In order to accommodate MOFCOM's ongoing review of Glencore's
application (the waiting period under the Anti-Monopoly Law expires
on December 9, 2012) and to allow sufficient time to facilitate
closing, Viterra and Glencore have further extended the outside date
for completion of the acquisition to the latest to occur of (i)
December 10, 2012 and (ii) the third business day after MOFCOM's
clearance is obtained if that clearance is obtained on or prior to
December 10, 2012. 
Viterra and Glencore will update the market in due course in relation
to MOFCOM's approval and when the closing of the acquisition is
expected to occur. 
About Viterra 
Viterra provides premium quality ingredients to leading global food
manufacturers. Headquartered in Canada, the global agri-business has
operations across Canada, the United States, Australia, New Zealand
and China, as well as a growing international presence that extends
to offices in Japan, Singapore, Vietnam, Switzerland, Italy, Ukraine,
Germany, Spain and India. Driven by an entrepreneurial spirit,
Viterra operates three distinct business segments: Grain Handling and
Marketing, Agri-products and Processing. Viterra's expertise, close
relationships with producers and superior logistical assets allows
Viterra to consistently meet the needs of the most discerning end-use
customers, helping to fulfill nutritional needs of people around the
About Glencore 
Glencore is one of the world's leading integrated producers and
marketers of commodities, headquartered in Baar, Switzerland, and
listed on the London and Hong Kong Stock Exchanges. Glencore has
worldwide activities in the production, sourcing, processing,
refining, transporting, storage, financing and supply of Metals and
Minerals, Energy Products and Agricultural Products. 
Cautionary Statement on Forward-Looking Information 
Certain information in this press release is "forward-looking
information" within the meaning of applicable Canadian securities
legislation and is prospective in nature, including information
regarding completion of the acquisition of Viterra. Forward-looking
information is not based on historical facts, but rather on current
expectations and projections about future events, and is therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied by
the forward-looking information. This information generally can be
identified by the use of forward-looking words such as "may",
"should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. In particular, any statements
regarding Viterra's future expectations, beliefs, goals or prospects
are or involve forward-looking information.  
Forward-looking information is also necessarily based upon a number
of assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Viterra cautions the reader that
such forward-looking information involves known and unknown risks,
uncertainties and other factors that could cause actual results,
performance or achievements of Viterra to differ materially from any
future results, performance or achievements expressed or implied by
such forward-looking information. In addition to general economic
conditions, there are specific risks including, but not limited to,
that the remaining conditions precedent to the acquisition of Viterra
may not be satisfied or waived prior to the agreed upon outside date
to complete the acquisition of Viterra, the parties' ability to
satisfy the conditions to the completion of the acquisition of
Viterra, including that the necessary regulatory approvals may not be
obtained or may not be obtained on the terms expected, and other
risks described in Viterra's management information circular dated
April 26, 2012 under the heading "Risk Factors Related to the
Arrangement" and risks described in Viterra's most recent Annual
Information Form and those factors discussed in Viterra's
Management's Discussion and Analysis for the year ending October 31,
2011 under the heading "Risks and Risk Management". Viterra can give
no assurance that such forward-looking information will prove to have
been correct. 
The reader is cautioned not to place undue reliance on this
forward-looking information, which speaks only as of the date of this
press release.  
Viterra disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
further events or otherwise, except as required by applicable law.
Viterra Inc.
Holly Gibney
Media Inquiries
+1 403 817-1088 
Viterra Inc.
Lavonne Zdunich, CA
Investor Inquiries
+1 403 718-6254
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