CEO of GKL announces retirement of senior member

Mr. Don Wehby, Group CEO Designate for GraceKennedy Limited, announced that Mrs. Fay McIntosh, Chief Financial Officer, would be retiring from the company on December 31, 2011 and that, as part of the succession planning process, Mr. Frank James has been appointed to the position of Deputy Chief Financial Officer as of July 1, 2011. He will be appointed Chief Financial Officer of GraceKennedy Limited effective January 1, 2012. Yesterday Mr. Fran James was incorrectly inserted in the text when it should have read Mr. Frank James.