USA: Suprema Specialities provides further update on internal financial inquiry

Specialty cheese manufacturer Suprema Specialties announced today that its Audit Committee is in the process of retaining Deloitte & Touche LLP to continue the investigation of the company's financial statements and records. Mark Cocchiola, President and CEO, commented: "We are hopeful the work recently completed by the company's independent auditors, together with the investigation to be conducted by Deloitte & Touche LLP, will help to bring closure to the inquiry.

January 28, 2002

Specialty cheese manufacturer Suprema Specialties announced today that its Audit Committee is in the process of retaining Deloitte & Touche LLP to continue the investigation of the company’s financial statements and records.

Mark Cocchiola, President and CEO, commented: “We are hopeful the work recently completed by the company’s independent auditors, together with the investigation to be conducted by Deloitte & Touche LLP, will help to bring closure to the inquiry.

“We are doing everything we can to bring this matter to a speedy conclusion. I appreciate our shareholders’ patience while the company works to resolve all issues.”