Specialty Foods Group Income Fund Announces New Trustee and Provides Update Regarding TSX Review



    TORONTO, April 27 /CNW/ - Specialty Foods Group Income Fund (the "Fund")
(TSX: HAM.UN) is pleased to announce the appointment of Mr. Patrick Lavelle as
a Trustee of the Fund. Mr. Lavelle is Chairman and CEO of Patrick J. Lavelle
and Associates, a strategic management consulting firm.
    As previously announced, the Toronto Stock Exchange (the "TSX") is
reviewing the eligibility of the units (the "Units") of the Fund for continued
listing on the TSX. The Fund will not meet the TSX listing requirements by the
May 8, 2007 deadline imposed under the TSX listing review process. As a
result, the Fund has been in discussions with the TSX Venture Exchange (the
"Venture Exchange") and the NEX regarding its ability to meet the listing
requirements for the Venture Exchange or the NEX. The Venture Exchange has
informed the Fund that it does not meet its listing requirements and the Fund
does not expect that it will meet the Venture Exchange requirements prior to
being delisted from the TSX. However, the Fund is continuing to work to have
the Units listed on the NEX in order to ensure uninterrupted trading for the
Fund's Units.

    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.

    %SEDAR: 00018733E




For further information:

For further information: David Shapland, Executive Vice President and
Chief Financial Officer, Tel: (757) 952-1200, Email:
investorrelations@sfgtrust.com, Website: www.sfgtrust.com

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SPECIALTY FOODS GROUP INCOME FUND

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