Loblaw Companies Limited completes C$350 million medium term note offering

Date Closed: 6/18/2010

Value: C$350 million

On June 18, 2010, Loblaw Companies Limited (Loblaw) completed an offering of $350,000,000 of Medium Term Notes, Series 2-B. The Medium Term Notes, Series 2-B were issued pursuant to a previously established Medium Term Note Program through an existing $1 billion shelf prospectus for debt and preferred shares which Loblaw implemented in 2008. The Medium Term Notes, Series 2-B were placed by an agency syndicate led by CIBC World Markets Inc. and including RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc. and National Bank Financial Inc.

Loblaw is Canada's largest food distributor and a leading provider of general merchandise products, drugstore and financial products and services.

Loblaw was represented by Robert A. Balcom, Senior Vice President and Secretary and Adam Walsh, Vice President, Legal Counsel, who were assisted by BLG with a team that included Paul A.D. Mingay, Dyana McLellan and Shaunik Katyal (corporate and securities) and Larissa V. Tkachenko (tax).