Sepp's Gourmet Foods Ltd. (TSE-SGO) ("Sepp's"), has received notice that Janes Family Foods Ltd ("Janes") intends to make a takeover bid for all of the issued and outstanding common shares of Sepp's. The proposed takeover bid price will be $0.84 per common share. The bid will be subject to acquisition by Janes of at least 33.5% of the issued and outstanding common shares of Sepp's, including those common shares of Sepp's which are presently held by Janes.