Loblaw Companies Limited Announces Election of Directors

BRAMPTON, ON, May 5, 2022 /CNW/ - (TSX: L) - Loblaw Companies Limited (Loblaw) today announced that all of the nominee directors listed in the management proxy circular dated March 25, 2022, were elected as directors of Loblaw. The vote was conducted at the Company's Annual Meeting of Shareholders, held in a virtual meeting format, on May 5, 2022. The results of the vote are set out below:

Name of Nominee	Votes For		Votes Withheld
Scott B. Bonham	285,247,093	99.83%	490,699	0.17%
Christie J.B. Clark	280,224,230	98.07%	5,513,233	1.93%
Daniel Debow	285,304,181	99.85%	433,611	0.15%
William A. Downe	283,252,971	99.13%	2,484,821	0.87%
Janice Fukakusa	284,269,174	99.49%	1,468,618	0.51%
M. Marianne Harris	285,381,944	99.88%	355,848	0.12%
Claudia Kotchka	284,729,159	99.65%	1,008,633	0.35%
Sarah Raiss	284,743,481	99.65%	994,311	0.35%
Galen G. Weston	279,503,955	97.82%	6,233,837	2.18%
Cornell Wright	284,257,789	99.48%	1,480,003	0.52%

                               

About Loblaw Companies Limited

Loblaw is Canada's food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,400 corporate, franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 190,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Normal Course Issuer Bid

Loblaw wishes to make a correction to the press release announcing its normal course issuer bid (NCIB) of May 3, 2022. Based on the average daily trading volume of 502,167 during the last six months, daily purchases under the NCIB will be limited to 125,541 of Loblaw's common shares, other than block purchase exceptions and purchases from George Weston Limited, Loblaw's majority shareholder.

For more information, visit Loblaw's website at www.loblaw.ca and Loblaw's issuer profile at www.sedar.com.

SOURCE Loblaw Companies Limited

Roy MacDonald, Vice President, Investor Relations, [phone], [email protected]