Published Date: February 20, 2025

Loblaw is committed to eliminating competitor property controls in the grocery industry to benefit Canadians. We welcome competition, which helps to provide value to Canadians. Industry-wide change is needed for a level playing field to achieve full elimination of property controls, but in the meantime, we are taking the following steps: Restrictive Covenants: We are no longer placing restrictive covenants on properties we sell, preventing their use by competing businesses. We are also in the process of releasing any interest we have in restrictive covenants on our previously sold properties. Property owners with these types of property controls and covenants can contact lrelegal@loblaw.ca(Open in a new tab) for more information.

Lease Exclusivities: As the industry works towards these important changes, we are:

• Eliminating competitor property controls from our grocery store leases in the Halifax Regional Municipality and will not impose any new ones in our grocery store leases in this Region.

• Reviewing leases in communities across Canada where we may be the only grocery store, with the aim of releasing competitor property control lease exclusivity clauses to allow for increased competition.

• Waiving existing radius restrictions to provide landlords with flexibility to lease to grocery store operators and food retailers on other properties they may own.

• Limiting the scope and duration of grocery store lease exclusivities in all new leases across Canada.

Loblaw reaffirms its belief that competition benefits everyone and we are committed to ensuring that we have a fair and competitive grocery industry