Loblaw Completes $350M Medium Term Note Offering

On June 18, 2010, Loblaw Companies Limited completed an offering of $350,000,000 of Medium Term Notes, Series 2-B. The Medium Term Notes, Series 2-B, were issued pursuant to a previously established Medium Term Note Program through an existing $1 billion shelf prospectus for debt and preferred shares, which Loblaw implemented in 2008. The Medium Term Notes, Series 2-B were placed by an agency syndicate led by CIBC World Markets Inc. and including RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc. and National Bank Financial Inc.

Loblaw is Canada's largest food distributor and a leading provider of general merchandise products, drugstore and financial products and services through its various operating banners.

Loblaw was represented by Robert Balcom, Senior Vice President and Secretary and Adam Walsh, Vice President, Legal Counsel, who were assisted by Borden Ladner Gervais LLP with a team that included Paul Mingay, Dyana McLellan and Shaunik Katyal (corporate and securities) and Larissa Tkachenko (tax).

The agency syndicate was represented by McCarthy Tétrault LLP with a team that included Jonathan Grant, Matthew Kelleher and Matthew Harding (corporate and securities) and James Morand (tax).