INDEPENDENT AUDITOR’S REPORT To the Shareholders of Rogers Sugar Inc. We have audited the accompanying consolidated financial statements of Rogers Sugar Inc., which comprise the consolidated  statements of financial position as at September 28, 2013 and September 29, 2012, the consolidated statements of earnings  and comprehensive income, changes in shareholders’ equity and cash flows for the years ended September 28, 2013 and  September 29, 2012, and notes, comprising a summary of significant accounting policies and other explanatory information. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance  with International Financial Reporting Standards, and for such internal control as management determines is necessary to  enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud  or error. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted  our audits in accordance with Canadian generally accepted auditing standards.Those standards require that we comply with  ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial  statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated  financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material  misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, we  consider internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in  order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on  the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies  used and the reasonableness of accounting estimates made by Management, as well as evaluating the overall presentation of  the consolidated financial statements. We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion. In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position  of Rogers Sugar Inc. as at September 28, 2013 and September 29, 2012, and its consolidated financial performance and its  consolidated cash flows for the years ended September 28, 2013 and September 29, 2012 in accordance with International  Financial Reporting Standards. Management’s Responsibility for the Consolidated Financial Statements Auditors’ Responsibility Opinion November 14, 2013 Montreal, Canada *CPA auditor, CA, public accountancy permit No. A109612 Rogers Sugar Inc. 38