Saputo Announces Increased Offer for Warrnambool to AU$9.00 Cash Per Share and Release of All Offer Conditions

MONTREAL, QUEBEC--(Marketwired - Nov. 15, 2013) - Saputo Inc. ("Saputo") (TSX:SAP) today announced that it has increased to AU$9.00 its all-cash per share takeover offer (the "Offer") for all the issued shares of the Australian dairy company Warrnambool Cheese and Butter Factory Company Holdings Limited ("Warrnambool") and that it intends to declare its Offer unconditional.

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