REGINA, SASKATCHEWAN--(Marketwire - July 24, 2008) - Viterra (TSX:VT) is pleased to announce that Dominion Bond Rating Service (DBRS) has upgraded the rating of Viterra's Senior Secured Notes and Bank Credit Facility to BBB (low) from BB (high), with a stable trend.

According to DBRS, Viterra exceeded its expectations and the improved rating is a result of the Company's success in achieving its merger targets to date and displaying enhanced earnings stability following its acquisition of Agricore United last year. It also recognized the execution of Viterra's equity deal in May 2008, which raised net proceeds of $440 million, as a positive indication of the Company's intent to pursue its plans for strategic expansion.

"This upgrade is a tribute to the commitment shown by Viterra employees throughout the organization during the integration of our two former companies," said Rex McLennan, Viterra's Chief Financial Officer. "It is a sign of confidence in our enhanced market position as well as our ability to execute our growth strategy with discipline and to continue to deliver strong financial performance."

On April 22, 2008, DBRS placed Viterra's ratings Under Review with Positive Implications. Earlier today DBRS announced Viterra's upgraded rating.

Viterra Inc. is Canada's leading agri-business, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States and Japan. The new company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between Prairie farmers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Viterra Inc.
        Peter Flengeris
        Investor Relations and Corporate Affairs
        (306) 569-4810
        Website: www.viterra.ca

Source: Viterra Inc.