Superior Plus Announces October 2009 Cash Dividend, Closing of Common Share
Financing Over-Allotment Option and Upcoming Events

TSX: SPB

CALGARY, Oct. 8 /CNW/ -

    
    October 2009 Cash Dividend - $0.135 per share
    ---------------------------------------------
    

Superior Plus Corp. ("Superior") today announced its cash dividend for the month of October 2009 of $0.135 per share payable on November 13, 2009. The record date is October 31, 2009 and the ex-dividend date will be October 28, 2009. The Corporation's annualized cash dividend rate is $1.62 per share. This dividend is an eligible dividend for Canadian income tax purposes.

    
    Closing of Common Share Financing Over-Allotment Option
    -------------------------------------------------------
    

Superior has closed on the over-allotment option granted to the underwriters (the "Over-Allotment Option") in connection with Superior's offering of 3,970,000 common shares for gross proceeds of approximately $45.1 million which was completed on September 23, 2009. The Over-Allotment Option was exercised in full resulting in the issuance of an additional 595,500 common shares for gross proceeds of approximately $6.8 million.

    
    2009 Third Quarter Results and Conference Call
    ----------------------------------------------
    

Superior expects to release its 2009 third quarter results on Wednesday, November 4, 2009. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2009 third quarter results is scheduled for 8:30 a.m. MT on Thursday, November 5, 2009. To participate in the call, dial: 1-866-250-4892. An archived recording of the call will be available for replay until midnight, December 4, 2009. To access the recording, dial: 1-877-289-8525 and enter the pass code 4170712 followed by the No. key. Internet users can listen to the call live, or as an archived call, on Superior's website at: www.superiorplus.com.

    
    Superior Plus 2009 Annual Investor Day
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Superior is pleased to announce its upcoming Annual Investor Day on Thursday, November 19, 2009 at the Fairmont Royal York in Toronto. A detailed update on Superior's current operations, short and long-term growth opportunities and financial position will be presented. Members of the professional investment community are invited to attend. Future details of the annual event will be found on Superior's website at www.superiorplus.com.

    
    About the Corporation
    ---------------------
    

Superior Plus Corp. consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates and fixed-price energy services; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.

Superior's shares and convertible debentures trade on the TSX as follows:

    
    Trading
    Symbol     Security                      Issued and Outstanding
    -------------------------------------------------------------------------
    SPB        Common Shares                   95.7 million
    SPB.db.b   5.75% Debentures, Series 1     $174.9 million principal amount
    SPB.db.c   5.85% Debentures, Series 1     $75.0 million principal amount
    SPB.db.d   7.50% Debentures               $69.0 million principal amount
    -------------------------------------------------------------------------
    

Forward Looking Information

Certain information included in this Press Release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words. Forward-looking information in this Press Release includes but is not limited to, assumptions concerning the future payment of dividends and the treatment of shareholders under tax laws. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks and uncertainties include but are not limited to the inability of Superior to meet the liquidity tests set forth in the Canada Business Corporations Act with respect to the payment of dividends and future changes to applicable tax laws and the other risks identified in the Corporation's 2008 Annual Information Form under the heading "Risk Factors", which is available on the SEDAR website (www.sedar.com). Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

SOURCE SUPERIOR PLUS CORP.

For further information: For further information: about Superior, please visit our website at: www.superiorplus.com or contact: Wayne Bingham, Executive Vice-President and Chief Financial Officer, Tel: (403) 218-2951, Fax: (403) 218-2973, E-mail: wbingham@superiorplus.com or A. Scott Daniel, Vice-President, Treasurer and Investor Relations, Tel: (403) 218-2953, Fax: (403) 218-2973, E-mail: sdaniel@superiorplus.com, Toll Free: 1-866-490-PLUS (7587)

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SUPERIOR PLUS CORP.

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