Date Closed

May 8, 2009

Lead Office

Toronto

Value

350.00 Million CAD

On May 5, 2009, Loblaw Companies Limited (“Loblaw”) established a Medium Term Note Program providing for the issuance of up to C$775 million principal amount of Medium Term Notes, Series 2. The Medium Term Note Program was established pursuant to a prospectus supplement to an existing C$1 billion shelf prospectus for unsecured debentures and second preferred shares which Loblaw implemented in 2008. Loblaw completed an issuance of C$350 million principal amount of Medium Term Notes, Series 2-A under the new program on May 8, 2009. The Medium Term Notes, Series 2-A were placed by a syndicate of agent dealers co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and included BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.

McCarthy Tétrault LLP advised the underwriters with a team that was led by Edward Kerwin, and included Matthew Kelleher, Jason Badal, Wendi Locke, and James Morand.