FIRST QUARTER 2007 HIGHLIGHTS

• The Company realized net earnings of $67.9 million compared to $32 million, an increase of 112.2%. Fully diluted net earnings per share reached $0.58, up 107.1% from $0.28.
• Excluding non-recurring items recorded in the first quarters of 2007 and 2006, adjusted net earnings for the first quarter of 2007 would have been $71.6 million, an increase of 44.4%, and adjusted fully diluted net earnings per share would have been $0.62, an increase of 44.2%. Non-recurring items include integration and rationalization costs of $5.6 million before taxes for the first quarter of 2007 and $18.3 million before taxes for the first quarter of 2006, and an additional tax expense of $5.3 million for the first quarter of 2006.
• Sales dipped 0.3% to $2,515 million. Excluding decreased sales of tobacco products and lost sales due to the disposal, in the fourth quarter of 2006, of our interest in a grocery wholesaler, sales would have increased by 2.8%.
• Synergies of $19 million were achieved in the first quarter compared to $7.9 million in the same quarter last year.

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