Loblaw to create one of the largest Real Estate Investment Trusts in Canada

Loblaw to create one of the largest Real Estate Investment Trusts in Canada 
TORONTO, Dec. 6, 2012 /CNW/ - George Weston Limited (TSX: WN) ("Weston") 
announced today that its subsidiary Loblaw Companies Limited (TSX:L) 
("Loblaw") intends to create a Real Estate Investment Trust ("REIT") to 
acquire a significant portion of Loblaw's real estate assets and to sell units 
of the REIT by way of an Initial Public Offering. Loblaw estimates that it 
will initially contribute real estate with a current market value exceeding $7 
billion to the REIT and intends to retain a significant majority interest. 
This development was announced by way of a news release issued by Loblaw 
earlier today and can be found at www.loblaw.ca. 
Forward-Looking Statements 
This News Release contains forward-looking statements about the objectives, 
plans, goals, aspirations, intentions, strategies, prospects and opportunities 
of Weston and Loblaw. Forward-looking statements in this News Release include 
statements relating to the proposed REIT transaction and expected future 
attributes of the REIT following the transaction and Loblaw's expected 
ownership level in the REIT. These forward-looking statements are not 
historical facts but reflect the Company's current expectations concerning 
future plans, actions and results. These statements are subject to a number 
of risks and uncertainties that could cause actual plans, actions and results 
to differ materially from current expectations including, but not limited to, 
unanticipated developments that may delay or negatively impact the proposed 
transaction, changes in economic and market conditions, and other risks and 
uncertainties discussed in the Company's materials filed with the Canadian 
securities regulatory authorities from time to time, including the Enterprise 
Risks and Risk Management sections of the Management's Discussion and Analysis 
("MD&A") and the MD&A included in the Company's 2011 Annual Report. There 
can be no assurance that the proposed transaction will be completed as 
anticipated or at all. Readers are cautioned not to place undue reliance on 
these forward-looking statements, which 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 these forward-looking statements, whether as 
a result of new information, future events or otherwise, except as required by 
law. 
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 Limited. 
Geoffrey H. Wilson Senior Vice President, Financial Control and Investor 
Relations (416) 922-2500 
SOURCE: George Weston Limited 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/06/c6807.html 
CO: George Weston Limited
ST: Ontario
NI: FBR FOD MNA  
-0- Dec/06/2012 13:00 GMT
 
 
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