NEWSROOM
Press Releases 2003

March 4, 2003

Toronto, Ontario

Company Declares Stock Dividend

Dominion Citrus Limited ("Dominion") (TSX: DMN) announces that it is declaring a Stock Dividend of 1/20 of a Series A Preference Share for each common share, to Shareholders of Record on March 14, 2003. The stock dividend, which is the equivalent of $0.1125 per common share, is payable on March 28, 2003. Upon payment of the dividend, the Toronto Stock Exchange (TSX) will list the Series A Preference Shares under the ticker symbol "DMN.A"

Series A debenture holders will be allowed to participate in the stock dividend in the event of exercise of their conversion rights after March 14, 2003. Each debenture holder will receive one common share plus 1/20 of a Series A Preference Share for each $1.40 converted.

Gary M. Dephoure, Chief Financial Officer commented, "We are pleased that our Preference Shares will now be listed on the TSX.  The Preference Shares were issued in December 2002 in conjunction with our tender offer for Humpty Dumpty Snack Foods Inc.  This dividend will provide all Dominion Citrus shareholders with the immediate benefit of increased liquidity on their investment."

For further information, please contact Gary M. Dephoure, Chief Financial Officer & Corporate Secretary of Dominion Citrus Limited, (416) 521-6288.




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Forward-looking Statements