George Weston Limited to participate in Loblaw Companies Limited's Shareholder Dividend Reinvestment Plan

    TORONTO, May 6 /CNW/ - George Weston Limited (TSX: WN) confirmed today
that it intends to participate in the shareholder dividend reinvestment plan
announced today by its subsidiary, Loblaw Companies Limited (TSX: L)
("Loblaw") with respect to approximately 160 million Loblaw common shares
owned by Weston.
    Although the declaration and payment of dividends by Weston from time to
time are at the discretion of the Board, which takes into account the Weston's
financial results, capital requirements, available cash flow and other factors
the Board considers relevant, Weston currently expects that participation in
the Loblaw dividend reinvestment plan will not affect the payment by Weston of
its quarterly common share dividends at their historical levels.

    About George Weston Limited

    George Weston Limited is one of North America's largest food processing
and distribution groups operating in two segments: baking through Weston
Foods, and food and general merchandise distribution through Loblaw Companies

    This news release includes forward-looking statements, including the
Company's view regarding future dividend payments. No assurance can be given
that future dividend payments by the Company will be completed.
Forward-looking statements reflect the Company's current expectations
concerning future results and events and is subject to a number of risks and
uncertainties that could cause actual results and events to differ materially
from current expectations, including the possibility that the Company's plans
and objectives will not be achieved. These risk and uncertainties include but
are not limited to: the amount of quarterly dividends paid by the Company is
in the discretion of the Company's board of directors and is subject to a
number of external factors. The assumptions used in making this forward
looking statement include that the Company's financial performance to sustain
the payment of dividends at current levels. Additional risks are discussed in
the forward looking statements disclaimer found on page 2 of the 2008 Annual
Report and in the Risks and Risk Management section of the Management's
Discussion and Analysis on pages 33 to 41 of the Annual Report and also the
2009 First Quarter Interim Report. Other risks and uncertainties not presently
known to the Company or that the Company presently believes are not material
could also cause actual results or events to differ materially from those
expressed in its forward-looking statements. Readers are cautioned not to put
undue reliance on forward looking statements that reflect the Company's
expectations only as of the date of this news release. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.

For further information:

For further information: Geoffrey. H Wilson, Senior Vice President,
Financial Services and Investor Relations, (416) 922-2500

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