Attention Business/Financial Editors:

Loblaw Companies Limited - Dividend Notice

    TORONTO, Aug. 19 /CNW/ - NOTICE IS HEREBY GIVEN THAT a quarterly dividend
on Loblaw Companies Limited Common Shares, and Second Preferred Shares, Series
A is payable as follows:

    <<
    Common Shares                     - $0.21 per share payable
                                        October 1, 2008, to shareholders of
                                        record September 15,  2008;



    Second Preferred Shares, Series A - $0.5394 per share payable
                                        October 31, 2008, to shareholders of
                                        record October 15, 2008;


                                        BY ORDER OF THE EXECUTIVE
                                        CHAIRMAN OF THE BOARD


                                        ROBERT A. BALCOM
                                        SENIOR VICE PRESIDENT, SECRETARY

    Toronto, Canada
    August 19, 2008
    >>

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