MONTRÉAL, CANADA--(Marketwire - Dec. 28, 2011) -Rogers Sugar Inc. (the "Corporation") (TSX:RSI) announced today that it has received approval from Toronto Stock Exchange to proceed with a normal course issuer bid to purchase up to 5,000,000 common shares (the "Shares") representing approximately 7.07% of the public float of the common shares of the Corporation and up to $4,999,925 principal amount of Fourth Series 5.70% Convertible Unsecured Subordinated Debentures (the "Debentures") representing 10% of the public float of the Debentures of the Corporation. The average daily trading volume for the six calendar months preceding December 1, 2011 is 75,717 Shares and $28,237 principal amount of Debentures. In accordance with TSX rules, the Corporation may repurchase on a daily basis 25% of the average, representing a maximum of 18,929 Shares and $7,059 principal amount of Debentures. The bid will start on December 30, 2011, and may continue to December 29, 2012. The Shares and the Debentures will be purchased on behalf of the Corporation by a registered broker through the facilities of TSX or alternative Canadian trading platforms. The price paid for the Shares and the Debentures will be the market price at the time of acquisition, and the number of Shares and Debentures purchased and the timing of any such purchases will be determined by the Corporation. All Shares and Debentures purchased by the Corporation will be cancelled.

The Corporation currently has 93,990,760 Shares and $50,000,000 principal amount of Debentures outstanding and a public float of 70,753,643 Shares and $49,999,250 aggregate principal amount of Debentures. During the past 12 months, no Shares and no Debentures were purchased by the Corporation.

The Corporation believes that its Shares and Debentures may trade in price ranges which do not fully reflect the value of the Shares and the Debentures. As a result, the Corporation believes that the purchase of its outstanding Shares and Debentures may represent an appropriate use of its funds.

About Rogers Sugar Inc.

The Corporation is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc.'s sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

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