Maple Leaf Foods Inc. Completes Spin-off of Canada Packers Inc.

Executive Summary

• Maple Leaf Foods Inc. completed the spin‑off of its pork operations, creating Canada Packers Inc., which will begin trading on the Toronto Stock Exchange under “CPKR” on October 2, 2025.
• Maple Leaf retains a 16% equity stake in Canada Packers and entered an evergreen supply agreement making Maple Leaf an anchor customer for pork supplies.
• The spin‑off provides both companies with distinct investment profiles and is positioned as a strategic move to focus on core consumer packaged goods (Maple Leaf) and sustainable premium pork (Canada Packers).

Key Details

• Spin‑off Completion: Effective October 1, 2025; Canada Packers’ common shares commence trading TSX: CPKR on October 2, 2025.
• Ownership Structure: Maple Leaf Foods retains a 16% ownership interest in Canada Packers (4,758,059 shares).
• Supply Agreement: Evergreen agreement whereby Maple Leaf will purchase pork from Canada Packers for its prepared‑meats business; Canada Packers gains an anchor customer.
• Leadership Statements: Quotes from Curtis Frank (Maple Leaf CEO), Dennis Organ (Canada Packers CEO), and Michael McCain (Executive Chair) emphasizing strategic focus, sustainability, and value creation.
• Mailing Delay Notice: Direct Registration System statements may be delayed due to the Canada Post workers’ strike.
• Early Warning Disclosure: No prior ownership of Canada Packers shares; no current intent to acquire or dispose of additional securities.

Notable Quotes

• “Maple Leaf Foods took another bold step today…by completing the spin‑off of our pork operations.” – Curtis Frank, President & CEO, Maple Leaf Foods
• “Today marks a new chapter for Canada Packers as we launch as an independent public company.” – Dennis Organ, President & CEO, Canada Packers
• “Maple Leaf Foods and Canada Packers are moving forward today as independent companies…delivering meaningful, long‑term value for all stakeholders.” – Michael McCain, Executive Chair

Materiality Assessment: Material – Positive (significant corporate restructuring with immediate market impact).