Transcontinental Reports Improved Profitability in Fourth Quarter

Adjusted net income applicable to participating shares, which excludes unusual items, decreased 7%, from $140.3 million to $130.2 million. On a per-participating-share basis, adjusted net income applicable to participating shares decreased 6%, from $1.72 to $1.61.

For more detailed financial information, please see Management’s Discussion and Analysis for the Fiscal Year Ended October 31, 2009 and the full financial statements at www.transcontinental.com, under “Investors.”