Specialty Foods Group Income Fund Announces Amendment to the Revolving Credit and Term Loan Agreement



    /NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES/

    TORONTO, June 29 /CNW/ - Specialty Foods Group Income Fund (the "Fund")
(NEX: HAM.UN.H) announced today that Specialty Foods Group, Inc. (the
"Company") and related entities have entered into the First Amendment to the
Amended and Restated Revolving Credit and Term Loan Agreement, dated
February 21, 2007.
    The key provisions of the amendment reduces the term loan installment due
on June 30, 2007 from $7 million to $2 million, with the remaining $5 million
installment to be paid on November 30, 2007. Certain definitions with respect
to the fixed charge coverage ratio covenant are also clarified. Management
believes that the amendment will provide the Company with flexibility in
meeting its requirements under the credit agreement without inhibiting the
operation of business. The full text of the amended and restated agreement is
available on the internet at the System for Electronic Documents Analysis and
Retrieval (SEDAR) website (www.sedar.com).

    Specialty Foods Group Income Fund is an open-ended, limited purpose trust
established under the laws of the Province of Ontario, which indirectly holds
an interest in Specialty Foods Group, Inc. ("SFG"). SFG is a leading
independent U.S. producer and marketer of premium branded and private-label
processed meat products. SFG produces a wide variety of products such as
franks, hams, bacon, luncheon meats, dry sausage and delicatessen meats. These
products are sold to a diverse customer base in the retail (e.g. supermarkets)
and foodservice (e.g., restaurants) sectors. SFG sells products under a number
of leading national and regional brands, such as Nathan's, Swift Premium,
Field, Fischer's, Liguria, and Scott Petersen as well as on a private-label
basis.

    This news release contains forward-looking statements. Such statements
involve known and unknown risks, uncertainties and other factors outside of
management's control that could cause actual results to differ materially from
those described in the forward-looking statements. The Fund does not assume
responsibility for the accuracy and completeness of those forward-looking
statements and does not undertake the obligation to publicly revise these
forward-looking statements to reflect subsequent events or circumstances.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00018733E




For further information:

For further information: David Shapland, Executive Vice President and
CFO, Tel: (757) 952-1210, Email: investorrelations@sfgtrust.com, Website:
www.sfgtrust.com

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SPECIALTY FOODS GROUP INCOME FUND

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