Canada Bread reports fourth quarter, year-end results

Feb. 28, 2012, Canada – Canada Bread Company, Limited today released its financial results for the fourth quarter (ending
Dec. 31, 2011).

Feb. 28, 2012, Canada – Canada Bread Company, Limited today released its financial results for the fourth quarter (ending
Dec. 31, 2011). Fourth quarter highlights include:

• Adjusted Operating Earnings⁽¹⁾ for the year were $109.8 million, compared to $111.5 million last year
• For the fourth quarter, Adjusted Operating Earnings declined four per cent to $26.2
  million
• Adjusted EPS⁽²⁾ for the year was $3.43 (2010: $2.90) and $0.67 (2010: $0.62) for the
  fourth quarter
• Net earnings for the quarter declined 36 per cent to $7.8 million, including
  $12.2 million in pre-tax restructuring and other related costs
  associated with plant closures and manufacturing optimization
  initiatives

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