Tim Hortons Inc. declares quarterly dividend of $0.26 per common share

    Tim Hortons Inc. declares quarterly dividend of $0.26 per common share

PR Newswire

OAKVILLE, ON, May 8, 2013

(All amounts in Canadian dollars)

OAKVILLE, ON, May 8, 2013 /PRNewswire/ - Tim Hortons Inc. (TSX: THI, NYSE:
THI) today announced the Board of Directors has declared a dividend of $0.26
per common share payable to shareholders of record as of May 23^rd, 2013. The
dividend is payable on June 7^th, 2013.

Dividends are declared and paid in Canadian dollars to all shareholders with
Canadian resident addresses. For U.S. shareholders, dividends paid will be
converted to U.S. dollars based on prevailing exchange rates at the time of
conversion by Tim Hortons for registered shareholders and by Clearing and
Depository Services Inc. for beneficial shareholders. The declaration and
payment of all future dividends remain subject to the discretion of the
Company's Board of Directors.

Tim Hortons Inc. Overview
Tim Hortons is one of the largest publicly-traded restaurant chains in North
America based on market capitalization, and the largest in Canada. Operating
in the quick service segment of the restaurant industry, Tim Hortons appeals
to a broad range of consumer tastes, with a menu that includes premium coffee,
espresso-based hot and cold specialty drinks, including lattes, cappuccinos
and espresso shots, specialty teas and fruit smoothies, home-style soups,
fresh Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh
baked goods, including our trademark donuts. As of March 31^st, 2013, Tim
Hortons had 4,288 systemwide restaurants, including 3,453 in Canada, 808 in
the United States and 27 in the Gulf Cooperation Council. More information
about the Company is available at www.timhortons.com.

SOURCE Tim Hortons Inc.

Contact:

INVESTORS: Scott Bonikowsky: (905) 339-6186
orinvestor_relations@timhortons.com