Loblaw Companies Limited Intends to Issue $350 million of Medium Term Notes, Series 2-A



    BRAMPTON, ON, May 6 /CNW/ - Loblaw Companies Limited (TSX: L) (the
"Company") intends to issue $350 million principal amount of Medium Term
Notes, Series 2-A pursuant to its Medium Term Notes, Series 2 program. The
notes are to be offered through an agency syndicate led by CIBC World Markets
Inc. and RBC Dominion Securities Inc and are expected to be issued on May 8,
2009. The notes will pay a fixed rate of 4.85% until maturity on May 8, 2014.
The notes will be unsecured obligations of the Company and will rank equally
with all other unsecured indebtedness of the Company that has not been
subordinated. The net proceeds of the offering will be added to the general
funds of the Company, used to repay short term debt, refinance other
indebtedness and for general corporate purposes.
    The Company intends to file in Canada a pricing supplement for this issue
pursuant to its short form base shelf prospectus dated June 5, 2008 and its
prospectus supplement dated May 5, 2009 in respect of the program. Details of
the offering will be set out in the prospectus supplement and the pricing
supplement, which will be available on the SEDAR website at www.sedar.com.
    The Medium Term Notes, Series 2-A have not been and will not be
registered under the United States Securities Act of 1933 and may not be
offered, sold or delivered in the United States or to U.S. Persons absent
registration or an applicable exemption from the registration requirement of
such Act. This news release does not constitute an offer to sell or a
solicitation to buy the Medium Term Notes, Series 2-A in the United States.

    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
139,000 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 services and offers the PC points loyalty
program.





For further information:

For further information: Inge van den Berg, Vice President, Public
Affairs & Investor Relations, (905) 459-2500, investor@loblaw.ca


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