Date Closed

November 29, 2016

Lead Office

Montréal

Value

300.63 Million CAD

On November 29, 2016, Saputo Inc. ("Saputo") completed the closing of its secondary offering pursuant to which its shareholder, Jolina Capital Inc., sold 6,500,000 common shares of Saputo at an offering price of C$46.25 per share for gross proceeds of C$300,625,000. Jolina Capital Inc. now owns 127,059,848 common shares of Saputo, representing approximately 32.5% of the outstanding common shares of Saputo.  Saputo has not derived any proceeds from this offering.

The common shares of the Company were offered to the public by a syndicate of underwriters led jointly by TD Securities Inc., RBC Capital Markets and CIBC Capital Markets, and including BMO Capital Markets, National Bank Financial Inc., Scotiabank and Merrill Lynch Canada Inc.

McCarthy Tétrault LLP advised TD Securities Inc., RBC Capital Markets and CIBC Capital Markets, the co-lead underwriters, with a team led by Patrick Boucher that included Michèle Lefaivre, and Louis-Charles Filiatrault.