Menu Foods Announces That Settlement Agreement in Pet Food Litigation Receives Final Approval by Canadian Courts

Menu Foods Income Fund (TSX:MEW.UN) announced today that the Canadian courts have given final approval of the comprehensive Settlement Agreement in the Pet Food Multi-District Litigation. The Settlement Agreement had been orally approved by the United States District Court for the District of New Jersey on October 14, 2008 and the final order was signed and filed on November 17, 2008. The Settlement Agreement, the terms of which have been previously disclosed, resolves more than 100 class action lawsuits filed in U.S. and Canadian courts relating to the recall of pet food and is binding on all members of the Settlement Class, except for those individuals who have validly opted out of the settlement.

Persons with potential claims should not contact Menu Foods, but can contact the claims administrator at the following address:

In re Pet Food Products Liability Litigation Claims Administrator c/o Heffler, Radetich & Saitta LLP P.O. Box 890 Philadelphia, PA 19105-0890 1-800-392-7785 www.petfoodsettlement.com

Forward Looking Statements

This release includes certain forward-looking statements. Although Menu Foods believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements.

SOURCE: Menu Foods Income Fund

Investor Inquiries: Menu Foods GenPar Limited Mark Wiens - Chief Financial Officer (905) 826-3870 ext. 420 Media Inquiries: Hill & Knowlton Canada Boyd Neil (416) 413-4626