Specialty Foods Group Income Fund Announces Change in Management



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

    TORONTO, Oct. 12 /CNW/ - Specialty Foods Group Income Fund (the "Fund")
(NEX: HAM.UN.H) announces the appointment of Steven P. Wright as Chief
Financial Officer of Specialty Foods Group, Inc. ("SFG" or the "Company"). Mr.
Wright has been Corporate Controller at SFG and is an exceptional executive
with a distinguished career in finance and accounting, including 13 years in
the meat industry. Mr. Wright has been a key contributor to the Company's
financial reporting and internal control processes. We believe he will
continue to make a significant contribution to SFG.
    David S. Shapland, former Chief Financial Officer of SFG, has resigned.
"The decision to resign allows me to spend more time with my family," Shapland
said. "I'd like to thank Dave for all that he's done for the Company," said
Chief Executive Officer Bonita Then. "Under Dave's leadership, we were able to
develop significant bench strength on our finance team, which will ensure a
smooth leadership transition. We wish Dave continued success in his future
endeavors."

    Specialty Foods Group Income Fund (the "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: Steven Wright, Chief Financial Officer, Tel:
(757) 952-1280, Email: investorrelations@sfgtrust.com, Website:
www.sfgtrust.com

Organization Profile

SPECIALTY FOODS GROUP INCOME FUND

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