George Weston Limited Announces $1 Billion Special Dividend (prnewswire.com)

TORONTO, December 15, FirstCall /-George Weston Limited ("" Weston"") (TSX: WN) today announced it will provide a unique special dividend of $ 1 billion common share representing $7.74751 per common share, 25 January 2011 to all common shareholders of record at the close of business on January 18, 2011. " "History society strong operational performance, combined with significant cash flow and abundant to expand its activities, offering the opportunity to reward our regular dividend yield shareholders company liquidity balances" said w. Galen Weston, Chairman and President of the company.  Mr. Weston said: "capital markets came through some very turbulent times and the company took a conservative position holding excess liquidity." Now with more stability in financial markets and our solid balance sheet, the Directors considered that it should be a return of capital. At the same time, we are preserving sufficient to meet operational requirements and capital in the company to pursue growth opportunities financial flexibility. "This dividend is designated as a"dividend"for the purposes of the tax (Canada) and provincial and territorial legislation Act similar.  Subject of George Weston LimitedGeorge Weston Limited is a Canadian public corporation founded in 1882 and by its subsidiaries constitutes one of the largest food processing in North America and distribution. Weston has two reportable operating segments: Weston Foods and Loblaw operated by companies limited Loblaw. Weston Foods operating segment is primarily involved in the North American baking industry.  Loblaw is the largest distributor of food the Canada and leading provider of general merchandise, drugstore and financial products and services. Warning regarding forward-looking statementsCertain statements contained in this news release, including, but not limited to, statements relating to future financial conditions expected society, financial and operational performance, liquidity and growth prospects and own funds requirements and other statements constitute prior statements to research.  These forward looking statements are not historical facts but reflect the current expectations of future results and events.  Accordingly, these statements are not guarantees of future performance and are subject to certain risks and uncertainties.  These forward looking statements are based on current expectations, estimates and projections about the company and the industry in which it operates, and are subject to known and unknown risks and uncertainties that could cause actual results, performance or achievements expressed or implied by these forward looking statements.  These risks and uncertainties include those described in the annual report 2009 of the society and quarterly reports, including the sections entitled "Forward Looking States".  Readers are advised no step to place excessive dependence on these verses forward looking statements as there is no guarantee that the plans, objectives, initiatives or expectations on which they are based will produce.

SOURCE George Weston Limited

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