Loblaw Companies Limited Announces Normal Course Issuer Bid

BRAMPTON, ON, April 11, 2013 /CNW/ - Loblaw Companies Limited (Loblaw) 
announced today that the Toronto Stock Exchange (TSX) has accepted a notice 
filed by Loblaw of its intention to make a normal course issuer bid (NCIB). 
The TSX notice provides that Loblaw may, during the 12-month period commencing 
April 13, 2013 and terminating April 12, 2014, purchase up to 14,103,672 of 
Loblaw's common shares (Common Shares), representing 5% of the 282,073,450 
Common Shares outstanding as of March 31, 2013, by way of a NCIB on the TSX or 
through alternative trading systems. Based on the average daily trading volume 
of 465,874 Common Shares during the last six months, daily purchases will be 
limited to 116,468 Common Shares, other than block purchase exceptions. 
Purchases of Common Shares will be made in open market transactions on the TSX 
or through alternative trading systems. In addition, Loblaw may enter into 
forward purchase or swap contracts in connection with Common Shares which may 
be settled by physical settlement, cash settlement or a combination thereof. 
The forward price will be based on market price, dividend yield and market 
interest rates. 
Decisions regarding the timing of future purchases of Common Shares will be 
based on market conditions, share price and other factors. Loblaw may elect to 
suspend or discontinue its NCIB at any time. Common Shares purchased under the 
NCIB will be cancelled or purchased and held by the Loblaw Employee Benefit 
Plan Trusts for the settlement of equity settled incentive plans. Loblaw 
believes that the market price of Common Shares could be such that their 
purchase may be an attractive and appropriate use of corporate funds. Loblaw 
may also use its NCIB to acquire the number of Common Shares that are issued 
pursuant to the exercise of options in order to offset the dilutive effect of 
options that have been exercised. Loblaw purchased 1,472,297 Common Shares at 
a weighted average price of $40.97 pursuant to its previous NCIB. 
From time to time, when Loblaw does not possess material non-public 
information about itself or its securities, it may enter into a pre-defined 
plan with its broker to allow for the purchase of Common Shares at times when 
Loblaw ordinarily would not be active in the market due to its own internal 
trading blackout periods and insider trading rules. Any such plans entered 
into with Loblaw's broker will be adopted in accordance with the requirements 
of applicable Canadian securities laws. 
About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's 
largest food retailer and a leading provider of drugstore, general merchandise 
and financial products and services. Loblaw is one of the largest private 
sector employers in Canada. With more than 1,000 corporate and franchised 
stores from coast to coast, Loblaw and its franchisees employ approximately 
134,000 full-time and part-time employees. Through its portfolio of store 
formats, Loblaw is committed to providing Canadians with a wide, growing and 
successful range of products and services to meet the everyday household 
demands of Canadian consumers. Loblaw is known for the quality, innovation and 
value of its food offering. It offers Canada's strongest control (private) 
label program, including the unique President's Choice®, no name® and Joe 
Fresh® brands. In addition, the Company makes available to consumers 
President's Choice® financial services and offers the PC® points loyalty 
Jonathan Ross Director, Investor Relations (905) 459-2500 x617649 
SOURCE: Loblaw Companies Limited 
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CO: Loblaw Companies Limited
ST: Ontario
-0- Apr/11/2013 17:59 GMT
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