Saputo Announces the Purchase Through Private Agreements of

Saputo Announces the Purchase Through Private Agreements of Up to
1,200,000 Common Shares Under its Normal Course Issuer Bid 
MONTREAL, QUEBEC -- (Marketwire) -- 11/12/12 -- Saputo Inc. (TSX:SAP)
("Saputo" or the "Company") announced today that it will purchase for
cancellation up to 1,200,000 of its common shares pursuant to private
agreements with an arm's-length third-party seller. The common shares
so purchased on or prior to November 14, 2012 will be counted towards
the 10,030,630 common shares that Saputo is entitled to repurchase
for cancellation under its normal course issuer bid announced on
November 9, 2011. The common shares purchased on or after November
15, 2012 will be counted towards the 9,850,532 common shares that
Saputo may repurchase for cancellation under its normal course issuer
bid announced on November 7, 2012 and effective as of November 15,
2012, subject to regulatory approval. 
Such purchases will be made pursuant to an issuer bid exemption order
issued by the Autorite des marches financiers and will take place by
way of one or more transactions to be effected pursuant to the terms
of the order, which provides that such purchases shall occur on or
prior to December 2, 2012. The price that Saputo will pay for the
common shares purchased by it under such agreements will be
negotiated by Saputo and the seller and will be at a discount to the
prevailing market price of Saputo's common shares on the Toronto
Stock Exchange at the time of the purchase. 
Caution Regarding Forward-Looking Statements 
This press release contains forward-looking statements within the
meaning of securities laws. These statements are based, among other
things, on Saputo's assumptions, expectations, estimates, objectives,
plans and intentions as of the date hereof regarding projected
revenues and expenses, the economic, industry, competitive and
regulatory environments in which the Company operates or which could
affect its activities, its ability to attract and retain customers
and consumers, as well as the availability and cost of milk and other
raw materials and energy supplies, its operating costs and the
pricing of its finished products on the various markets in which it
carries on business. 
These forward-looking statements include, among others, statement
s
with respect to the Company's short and medium term objectives,
outlook, business projects and strategies to achieve those
objectives, as well as statements with respect to the Company's
beliefs, plans, objectives and expectations. The words "may",
"should", "will", "would", "believe", "plan", "expect", "intend",
"anticipate", "estimate", "foresee", "objective", "continue",
"propose" or "target", or the negative of these terms or variations
of them, the use of conditional tense or words and expressions of
similar nature, are intended to identify forward-looking statements.  
By their nature, forward-looking statements are subject to a number
of inherent risks and uncertainties. Actual results could differ
materially from the conclusion, forecast or projection stated in such
forward-looking statements. As a result, the Company cannot guarantee
that any forward-looking statements will materialize. Assumptions,
expectations and estimates made in the preparation of forward-looking
statements and risks that could cause actual results to differ
materially from current expectations are discussed in the Company's
materials filed with the Canadian securities regulatory authorities
from time to time, including the "Risks and Uncertainties" section of
the Management's Discussion and Analysis included in the Company's
2012 Annual Report. 
Forward-looking statements are based on Management's current
estimates, expectations and assumptions, which Management believes
are reasonable as of the date hereof, and, accordingly, are subject
to changes after such date. You should not place undue importance on
forward-looking statements and should not rely upon this information
as of any other date.  
Except as required under applicable securities legislation, Saputo
does not undertake to update or revise these forward-looking
statements, whether written or verbal, that may be made from time to
time by itself or on its behalf, whether as a result of new
information, future events or otherwise.  
About Saputo 
Saputo produces, markets, and distributes a wide array of products of
the utmost quality, including cheese, fluid milk, yogurt, dairy
ingredients and snack-cakes. Saputo is the 12th largest dairy
processor in the world, the largest in Canada, the third largest in
Argentina and among the top three cheese producers in the United
States. Our products are sold in more than 50 countries under
well-known brand names such as Saputo, Alexis de Portneuf, Armstrong,
Baxter, Dairyland, Danscorella, Dragone, DuVillage 1860, Frigo Cheese
Heads, Great Midwest, King's Choice, Kingsey, La Paulina, Neilson,
Nutrilait, Ricrem, Salemville, Stella, Treasure Cave, hop & go,
Rondeau and Vachon. Saputo is a publicly traded company whose shares
are listed on the Toronto Stock Exchange under the symbol "SAP".
Contacts:
Sandy Vassiadis
Director, Corporate Communications
514-328-3347
 
 
Press spacebar to pause and continue. Press esc to stop.