Loblaw Companies Limited - Closed committed credit facility

    TORONTO, March 20 /CNW/ - Loblaw Companies Limited ("Loblaw") (TSX: L)
Loblaw Companies Limited announced today that it has closed an $800 million, 5
year committed credit facility provided by a syndicate of banks. This facility
replaces the existing $500 million, 364-day committed credit facility.

    Loblaw Companies Limited is Canada's largest food distributor and a
leading provider of general merchandise products, drugstore and financial
products and services. Loblaw is also one of the largest private sector
employees in Canada, with over 140,000 full-time and part-time employees
executing its business strategy in more than 1,000 corporate and franchised
stores from coast to coast. Loblaw is a subsidiary of George Weston Limited
(TSX: WN).

For further information:

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

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