Specialty Foods Group Income Fund Announces Receipt of Notice of Default Under License Agreement



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

    TORONTO, April 13 /CNW/ - Specialty Foods Group Income Fund (the "Fund")
(TSX: HAM.UN) announced today that it has received a letter from the attorneys
for Nathan's Famous Systems, Inc. ("NFSI"). The letter (i) alleges that SMG
Inc., a wholly owned subsidiary of Specialty Foods Group, Inc. ("SFG"), has
breached the terms of its license agreement (the "License Agreement") with
NFSI and (ii) states that if the breach is not cured within 30 days, then NFSI
intends to invoke a 12 month termination period. SFG is of the view that no
breach has occurred and SMG will take steps to protect its rights under the
License Agreement.

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

Organization Profile

SPECIALTY FOODS GROUP INCOME FUND

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