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The Company Undertakes No Obligation To Update These Forward-looking Statements, Other Than As Required By Applicable Law.

We Positioned the Company for this Success “At the onset of the Great Recession in 2008, Leading Brands was significantly in debt and exposed to a contracting US market. We took action to protect the business and reposition the company for future growth. “From March 1, 2009 through to the end of our last reported quarter we have (all amounts in Cdn$): Purchased almost $4,000,000 in new capital equipment, primarily to invest in our bottling plant and equipment to make us a more attractive partner to our customers, and new technology that facilitated the launch of the WaterBox(TM); Eliminated our long term debt of approximately $6,500,000; Repurchased almost 30% of Leading Brand’s issued and outstanding shares; Returned 85% of our net income to shareholders through the repurchase of shares; Increased the Company’s working capital by more than $2,000,000; and All while we developed an exciting new brand and packaging format for the Company, accomplished using existing cash flow. “As a result, we are in a strong position to grow Leading Brands and create value for all shareholders. We are focused on realizing the benefits of our new contract with our largest customer, ensuring a successful North American-wide roll-out of HappyWater(R) and the careful consideration of potential new strategic initiatives utilizing the expertise of an experienced investment banker. Considering New Initiatives “With our business strengthened and positioned for growth, our investment banker’s broad mandate includes, as a top priority, finding us an acquisition target involving one or more healthy, fast-growing food or beverage brands that have a strong foothold in the US market and a proven ability to execute there. “We have structured the contract with Merriman & Co.

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