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Alliance Grain Traders Income Fund acquires Pulse Depot

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Alliance Grain Traders Income Fund

On August 14, 2008, Alliance Grain Traders Income Fund (the "Fund") (TSX-V:AGT.UN) announced that its operating company Alliance Pulse Processors Inc. ("Alliance") had completed the acquisition of Pulse Depot Rosetown Inc. ("Pulse Depot"), a leading pulse and special crops processor located in Rosetown, Saskatchewan. Alliance acquired direct and indirect ownership of all of the issued and outstanding shares of Pulse Depot for approximately $9,299,000, of which a part was paid by the issuance of 55,000 units of the Fund at a deemed value of $13.00 per unit and the assumption of certain debts of Pulse Depot. The transaction was negotiated at arm's length. The Fund is an income trust which derives its income from the operations of its operating subsidiary, Alliance. Alliance is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets. The Fund's companies in Canada, U.S. and Australia handle the full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed through six processing plants. The Fund was advised in this transaction by a team from Fasken Martineau that included Gary Fogler and Bozidar Crnatovic.



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