Tim Hortons Inc. Declares Sixth Consecutive $0.07 Quarterly Dividend

    OAKVILLE, ON, Oct. 26 /CNW/ - Tim Hortons Inc. (NYSE:  THI, TSX: THI) today
announced the Board of Directors has approved the sixth consecutive $0.07
quarterly dividend. The dividend is payable on November 20, 2007 to
shareholders of record as of November 6, 2007.
    Dividends are paid in Canadian dollars to all shareholders with Canadian
resident addresses whose shares are registered with Computershare (the
Company's transfer agent). For all other shareholders, including all
shareholders who hold their shares indirectly (i.e., through their broker) and
regardless of country of residence, the dividend will be converted to U.S.
dollars on November 13, 2007 at the daily noon rate established by the Bank of
Canada and paid in U.S. dollars on November 20, 2007.

    Tim Hortons Inc. Overview
    Tim Hortons is the fourth largest publicly-traded quick service
restaurant chain in North America based on market capitalization, and the
largest in Canada. Tim Hortons appeals to a broad range of consumer tastes,
with a menu that includes coffee and donuts, premium coffees, flavored
cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh
baked goods. As of September 30, 2007, Tim Hortons had 3,110 system-wide
restaurants, including 2,758 in Canada and 352 in the United States. More
information about the Company is available at www.timhortons.com.

For further information:

For further information: INVESTORS: Scott Bonikowsky: (905) 339-6186, or
bonikowsky_scott@timhortons.com; MEDIA: Rachel Douglas: (905) 339-6277, or

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