BRAMPTON, ON, March 31, 2014 /CNW/ – Loblaw Companies Limited (TSX: L,
“Loblaw”) announced today that it will release its first quarter
results on April 30, 2014 at 6:30 a.m. (ET). The release will be
followed by a conference call at 11:00 a.m. (ET), as well as an audio
webcast.

Loblaw completed its acquisition of Shoppers Drug Mart Corporation
(“Shoppers Drug Mart”) on March 28, 2014. Shoppers Drug Mart ceased to
be a reporting issuer on that day and will not separately report its
financial results for the quarter ended March 22, 2014. Loblaw intends
to provide highlights of Shoppers Drug Mart’s first quarter 2014
performance as part of the discussion on its first quarter conference
call.

To access Loblaw’s first quarter conference call, please dial (416)
642-5212 or (866) 321-6651. The playback will be made available approximately two
hours after the event at (647) 436-0148 or (888) 203-1112, access code:
6056008. To access via audio webcast please go to the “Investor Centre”
section of loblaw.ca. Pre-registration will be available.

The Annual Meeting of Shareholders will take place on May 1, 2014, at
11:00 a.m. (ET), at the Mattamy Athletic Centre, 50 Carlton Street,
Toronto, Ontario, Canada. To access via tele-conference please dial
(416) 642-5212 or (866) 321-6651. The playback will be made available
approximately two hours after the event at (647) 436-0148 or (888)
203-1112, access code: 7521292. To access via audio webcast please go
to the “Investor Centre” section of loblaw.ca. Pre-registration will be available.

Loblaw Companies Limited is Canada’s food and pharmacy leader, the nation’s largest retailer,
and the majority unitholder of Choice Properties Real Estate Investment
Trust. Loblaw provides Canadians with grocery, pharmacy, health and
beauty, apparel, general merchandise, banking, and wireless mobile
products and services. With more than 2,300 corporate, franchised and
Associate-owned locations, Loblaw, its franchisees, and
Associate-owners employ approximately 192,000 full- and part-time
employees, making it one of Canada’s largest private sector employers.

Loblaw’s purpose – Live Life Well – puts first the needs and well-being of Canadians who make one billion
transactions annually in the companies’ stores. Loblaw is positioned to
meet and exceed those needs in many ways: convenient locations; more
than 1,050 grocery stores that span the value spectrum from discount to
specialty; full-service pharmacies at more than 1,250 Shoppers Drug
Mart and Pharmaprix locations and more than 500 Loblaw locations;
no-fee banking with PC Financial; affordable Joe Fresh fashion and
family apparel; and three of Canada’s top consumer brands in Life
Brand, noname and President’s Choice. Through the PC Plus™ and
Shoppers Optimum loyalty programs, more than one in every three
Canadians are rewarded for shopping with the companies.

For more information, visit Loblaw’s website at www.loblaw.ca and Loblaw’s issuer profile at www.sedar.com.

SOURCE Loblaw Companies Limited