Canada Bread declares year-end dividend

    TSX:CBY

    TORONTO, Oct. 22 /CNW/ - On October 22, 2008, Canada Bread Company,
Limited declared a dividend of $0.06 per share payable on January 2, 2009 to
shareholders of record on December 8, 2008. Unless indicated otherwise by the
corporation in writing at or before the time the dividend is paid, each
dividend paid by the Corporation in 2008 or a subsequent year is an eligible
dividend for the purposes of the "Enhanced Dividend Tax Credit System".

    Canada Bread Company Limited, which is 89.8% owned by Maple Leaf Foods
Inc., is a leading manufacturer and distributor of fresh bakery products,
frozen par-baked products and fresh pasta and sauces. The Company had 2007
sales of $1.5 billion and employs approximately 8,800 people at its operations
across North America and in the United Kingdom.

For further information: Contact: Lynda Kuhn, Vice-President, Investor &
Public Relations, (416) 926-2026