Loblaw Companies Limited Announces Closing of $350 Million Medium Term Notes,
Series 2-B

BRAMPTON, ON, June 18 /CNW/ - Loblaw Companies Limited (TSX: L) announced today that it has closed its previously announced offering of $350 million of Medium Term Notes, Series 2-B.

About Loblaw Companies Limited

Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food distributor and a leading provider of drugstore, general merchandise and financial products and services. Loblaw is one of the largest private sector employers in Canada. With more than 1,000 corporate and franchised stores from coast to coast, Loblaw and its franchisees employ over 138,000 full-time and part-time employees. Through its portfolio of store formats, Loblaw is committed to providing Canadians with a wide, growing and successful range of products and services to meet the everyday household demands of Canadian consumers. Loblaw is known for the quality, innovation and value of its food offering. It offers Canada's strongest control (private) label program, including the unique President's Choice(R), no name(R) and Joe Fresh Style(R) brands. In addition, the Company makes available to consumers President's Choice Financial(R) services and offers the PC(R) points loyalty program.

For further information: Kim Lee, Senior Director, Investor Relations, 905-459-2500, [email protected]