Ault Foods and Nabisco Ltd announce licensing agreement.

ETOBICOKE, Ontario--(BUSINESS WIRE)--June 27, 1996--AULT FOODS LIMITED (TSE:AUL) Ault Foods Limited and Nabisco Ltd announced today that they have reached an agreement for the licensing in Canada of Nabisco margarine brands and technologies to Ault.

Under this arrangement Ault will add brands like Parkay to its Lactantia line up. This will position Ault as the solid number 2 player in the Canadian margarine business.

Ault plans on expanding the core margarine business with new and innovative products utilizing Nabisco's technologies acquired under the licensing agreement.

Ault will work with Nabisco in a smooth transition expected to be fully completed in the next few months.

Ault Foods is a leading Canadian food processing company with 14 plants in Ontario and Quebec. The company markets a full line of dairy products, and is one of a select few of the world's dairy processors with a major research and development capability. Ault's successes include the Dairylight fat replacement system, Olivina margarine, Cheestrings, and more recently, Lactantia PurFiltre milk. Major brand names include Black Diamond, Lactantia, Parlour, Sealtest, and Haagen-Dazs. Ault Foods Limited is publicly traded on the Toronto and Montreal Stock Exchanges.

CONTACT: Ault Foods Limited

John Hamilton, 416/620-3514