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MONTREAL, QUEBEC -- (Marketwire) -- 02/13/13 -- Saputo Inc. (TSX: SAP) (Saputo or the Company) reported today its financial results for the third quarter of fiscal 2013, which ended on December 31, 2012. All amounts in this news release are in Canadian dollars, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).

--  Net earnings totalled $130.0 million, an increase of $0.2 million or    0.2%.--  Earnings before interest, income taxes, depreciation and amortization    (EBITDA) amounted to $212.5 million, an increase of $5.2 million or    2.5%.--  Revenues for the quarter amounted to $1.801 billion, an increase of $4.1    million or 0.2%.--  Basic earnings per share (EPS) was $0.66 and diluted EPS was $0.65 for    the quarter, as compared to basic and diluted EPS of $0.64 for the    corresponding quarter last fiscal year.(in millions of Canadian (CDN) dollars, except per share amounts)(unaudited)----------------------------------------------------------------------------                                           For the three-month periods ended                                  December 31,   December 31,  September 30,                                          2012           2011           2012----------------------------------------------------------------------------Revenues                               1,800.6        1,796.5        1,745.4EBITDA                                   212.5          207.3          215.6Net earnings                             130.0          129.8          129.7EPS  Basic                                   0.66           0.64           0.66  Diluted                                 0.65           0.64           0.65------------------------------------------------------------------------------  In the United States (US), the average block market(1) per pound of    cheese increased by US$0.20 compared to the same period last fiscal    year, increasing revenues.--  In the US, market factors positively impacted EBITDA by approximately $8    million.--  Dairy Products Division (Canada) EBITDA increased due to a better    product mix.--  Dairy Products Division (Argentina) EBITDA decreased due to lower sales    volumes and selling prices, mainly in the export market.--  The strengthening of the Canadian dollar versus the US dollar during the    quarter had a negative impact on revenues and EBITDA as compared to the    same quarter last fiscal year.--  The Board of Directors approved a dividend of $0.21 per share payable on    March 15, 2013 to common shareholders of record on March 4, 2013.--  On December 3, 2012, the Company announced that it had entered into an    agreement to purchase Morningstar Foods, LLC ("Morningstar"), a    subsidiary of Dean Foods Company, to complement the activities of the    Dairy Products Division (USA). This acquisition was completed on January    3, 2013. See Note 12 to the condensed interim consolidated financial    statements.

(1) "Average block market" is the average daily price of a 40 pound block of cheddar traded on the Chicago Mercantile Exchange (CME), used as the base price for cheese.

(in millions of CDN dollars, except per share amounts)(unaudited)----------------------------------------------------------------------------                                            For the nine-month periods ended                                                 December 31,   December 31,                                                         2012           2011----------------------------------------------------------------------------Revenues                                              5,244.4        5,226.9EBITDA                                                  631.1          630.0Net earnings                                            381.5          383.4EPS  Basic                                                  1.93           1.89  Diluted                                                1.90           1.86----------------------------------------------------------------------------