American Sugar Refining to Acquire Tate & Lyle's European Sugar Operations

YONKERS, New York, July 1, 2010 - American Sugar Refining (ASR), North America's largest cane
sugar refiner, signed an agreement to acquire Tate & Lyle PLC's European cane
sugar operations.

Tate & Lyle is the leading cane sugar producer in the European
Union. The acquisition of its refineries in London, England, and Lisbon,
Portugal, increases ASR's total refining capacity to six million metric tons
per year. The GBP211 million ($318 million) acquisition includes a license
for use of the distinguished Tate & Lyle brand in connection with the sale of
sugar.

"The acquisition of Tate & Lyle's European sugar operations is
consistent with our strategic vision for expansion in the sugar refining
sector," said Luis Fernandez, ASR Co-President. "Tate & Lyle is steeped in
130 years of tradition and consumer loyalty. We recognize the importance and
history of the Tate & Lyle sugar brand and are proud to add it to our
existing brand portfolio."

This acquisition marks the third large-scale transaction
between the two companies. ASR purchased Tate & Lyle North American Sugars,
Inc. (Domino Sugar) and its three refineries in 2001. More recently, ASR
acquired Tate & Lyle Canada Ltd. (Redpath Sugar) in 2007, which included
Canada's largest refinery. ASR's expertise lies in the operation of cane
sugar refineries and the logistics of the related supply chain as well as the
marketing of recognized retail sugar brands.

"Sugar is a global business," said Antonio L. Contreras, Jr.,
ASR Co-President. "This acquisition makes perfect sense for ASR. We're sugar
people who are committed to and understand the sugar business. The European
acquisition in many ways mirrors our North American operations and will
complement our company."

Across North America, ASR owns and operates six cane sugar
refineries, located in Yonkers, New York; Baltimore, Maryland; Chalmette,
Louisiana; Crockett, California; Toronto, Canada; and Veracruz, Mexico. The
company markets its industrial, consumer and specialty products through
Domino Foods, Inc., with a brand portfolio of Domino(R), C&H(R), Florida
Crystals(R) and Redpath(R).

ASR is owned by Florida Crystals Corporation, a Fanjul Corp.
company, of West Palm Beach, Florida, led by Alfonso Fanjul, Jr., Chairman &
CEO, and J. Pepe Fanjul, Vice Chairman, President & COO, and Sugar Cane
Growers Cooperative of Belle Glade, Florida led by George H. Wedgworth,
Chairman of the Board and CEO.

About American Sugar Refining, Inc.

American Sugar Refining, headquartered in Yonkers, NY, is led
by Luis J. Fernandez, co-president, and Antonio L. Contreras, Jr.,
co-president. The company owns six sugar refineries as well as specialty
sugar production facilities and a strategic warehousing and distribution
system that allows seamless production and delivery of its products to
customers across North America.

About Florida Crystals Corporation

Florida Crystals, a Fanjul Corp. company headquartered in West
Palm Beach, Fla., is led by Alfonso Fanjul, Jr., Chairman & CEO, and J. Pepe
Fanjul, Vice Chairman, President & COO, whose family has been leaders in the
sugar industry for five generations. Florida Crystals is the only producer of
certified organic sugar grown and harvested in the United States. In Florida,
the company owns 155,000 acres of land, two sugar mills, a sugar refinery, a
packaging and distribution center, a rice mill and the largest biomass
renewable power plant in North America. Another Fanjul company, Central
Romana Corporation, owns 240,000 acres, a sugar mill, refinery, deep sea
port, marina, international airport and the Casa de Campo resort in the
Dominican Republic as well as a furfural plant in Belgium. This latest
acquisition would further solidify Florida Crystals Corporation and Fanjul
Corp. as leaders in the sugar business.

About Sugar Cane Growers Cooperative

Sugar Cane Growers Cooperative of Florida, headquartered in
Belle Glade, Fla., is led by George H. Wedgworth, Chairman of the Board and
CEO. The Cooperative is comprised of 46 grower-members who grow sugarcane on
approximately 65,000 acres of land. The primary functions of the Cooperative
are the harvesting, transporting, and processing of sugarcane and the
marketing of raw sugar through American Sugar Refining.

    Contact:
    Jonathan Bamberger
    American Sugar Refining/Redpath Sugar
    +1-416-933-8309

    Hugh Morrison -
    M:Communications
    +44-20-7920-2334

Contact: Jonathan Bamberger, American Sugar Refining/Redpath Sugar, +1-416-933-8309; Hugh Morrison - M:Communications, +44-20-7920-2334