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Press release from Marketwire

Superior Plus Corp. Extends Its Accounts Receivable Securitization Program

Friday, July 02, 2010

Superior Plus Corp. Extends Its Accounts Receivable Securitization Program12:31 EDT Friday, July 02, 2010CALGARY, ALBERTA--(Marketwire - July 2, 2010) - Superior Plus Corp. (TSX:SPB) ("Superior") is pleased to announce that its wholly-owned subsidiary Superior Plus LP has extended its accounts receivable securitization program to June 29, 2011. Under the terms of the securitization program, Superior Plus LP may sell up to $130 million of certain account receivables on a 30 day revolving basis to a Canadian chartered bank to finance a portion of its working capital requirements. About the CorporationSuperior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates and related fixed-price energy services; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.Superior's shares and convertible debentures trade on the TSX as follows: Trading Symbol Security Issued and Outstanding ---------------------------------------------------------------------------- SPB Common Shares 106.2 million SPB.db.b 5.75% Debentures, Series 1 $ 174.9 million principal amount SPB.db.c 5.85% Debentures, Series 1 $ 75.0 million principal amount SPB.db.d 7.5% Debentures $ 69.0 million principal amount SPB.db.e 5.75% Debentures $ 172.5 million principal amount ---------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: Wayne Bingham Executive Vice-President and Chief Financial Officer (403) 218-2951 or Toll Free: 1-866-490-PLUS (7587) (403) 218-2973 (FAX) or Jay Bachman Vice-President, Investor Relations and Planning (403) 218-2957 or Toll Free: 1-866-490-PLUS (7587) (403) 218-2973 (FAX)