FPI announces addition to board of directors

    TSX: FPL

    ST. JOHN'S, Sept. 7 /CNW/ - FPI Limited ("FPI" or "the Company") today
announced the appointment of Mr. Graham Roome to FPI's Board of Directors,
effective immediately.
    Mr. Roome's experience in the seafood industry spans more than twenty
years. A graduate of Memorial University of Newfoundland, Mr. Roome began his
career in the seafood business with the Lake Group in St. John's, Newfoundland
and Labrador, and with FPI in Bonavista, Newfoundland and Labrador, where he
was Plant Manager. Mr. Roome also served as Director of Operations at
Clearwater Fine Foods Inc. in Bedford, Nova Scotia, where he developed many
harvesting and processing operations in Atlantic Canada and Argentina. In
April 2002, he rejoined FPI and serves currently as Executive Vice President
of FPI and Chief Operating Officer of the Company's Primary Group.
    On behalf of his colleagues, Chairman Rex Anthony welcomed Mr. Roome to
the Board.

    About FPI: FPI Limited is a Newfoundland and Labrador-based seafood
company engaged in harvesting, processing, global sourcing, and marketing a
wide selection of high quality seafood products.

    FPI Limited trades on the Toronto Stock Exchange under the symbol FPL.

For further information:

For further information: Investors: Bev Evans, Chief Financial Officer,
(709) 570-0351, bevans@fpil.com; Media: Russ Carrigan, Corporate
Communications, (709) 570-0130, rcarrigan@fpil.com, www.fpil.com

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