Pierre Coté Joins Lantic Sugar as President and CEO

MONTREAL, QUEBEC - Lantic Sugar Limited announced today that Mr. Pierre G. Côté is joining the company, effective October 1, 2001, as its President and Chief Executive Officer. In accordance with Lantic's management agreement with Rogers Sugar Ltd., Mr. Côté will also be President and Chief Executive Officer of Rogers Sugar Ltd. Prior to this appointment, Mr. Côté was Senior Vice President of Abitibi Consolidated. During his 19-year career, Mr. Côté has advanced rapidly through a variety of operating and executive positions at Abitibi Consolidated, Donohue and Stone Consolidated.

"Pierre's strong operating focus and processing industry background will ensure that Lantic and Rogers Sugar remain amongst the most efficient sugar producers in North America" said, Seth M. Mersky, Vice President of Onex Corporation and a Lantic Director. Lantic is a majority owned subsidiary of Onex Corporation.

Mr. Côté is a 1982 graduate of Laval University with a degree in mechanical engineering. He resides in Longueuil, Quebec with his wife and two children. Lantic Sugar operates a cane sugar refinery in Montreal, Quebec and markets its products primarily in eastern Canada. Rogers Sugar operates a cane sugar refinery in Vancouver, British Columbia and a beet sugar operation in Taber, Alberta. Rogers Sugar is a market leader of sugar products in western Canada.