Loblaw : Enters into Automatic Share Purchase Plan to Purchase Common Shares of EQB

About this update from Loblaw Companies Limited

(en traduction) BRAMPTON, ONTARIO, July 14, 2026 - Loblaw Companies Limited (TSX: L; "Loblaw") announced today that, in connection with the closing of the sale of President's Choice Bank and certain other affiliated entities to EQB Inc. ("EQB") and long-term strategic relationship with EQB, it has entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate the purchase of common shares in the capital of EQB ("EQB Common Shares"). Purchases under the ASPP will be made by Loblaw's broker pursuant to parameters set by Loblaw when it is not in possession of any material non-public information about EQB and its securities. The ASPP has been entered into in accordance with the requirements of the TSX and applicable Canadian securities laws. Pursuant to the terms of the ASPP, Loblaw's broker may acquire up to an aggregate maximum number of EQB Common Shares that, when aggregated with the 8,457,601 EQB Common Shares acquired by Loblaw prior to the date of this Broker Agreement is equal to the lesser of (i) 10,600,000 Shares, and (ii) 24.90% of the aggregate issued and outstanding Shares of the Issuer at any given time (the "Maximum Amount"). The ASPP will terminate once the Maximum Amount has been purchased by the broker, unless terminated earlier in accordance with its terms. Outside of the effective period of the ASPP, Loblaw may purchase EQB Common Shares at its discretion to the extent permitted by applicable law. The Ontario Securities Commission, as principal regulator, has granted exemptive relief from the requirements under applicable securities laws in connection with certain normal course market purchases of EQB Common Shares permitting Loblaw and its affiliates to exclude the 7,237,601 EQB Common Shares issued to Loblaw by EQB on the closing of EQB's acquisition of PC Financial from the calculation of the number of EQB Common Shares otherwise acquired by Loblaw, its affiliates and any person acting jointly or in concert with Loblaw or its affiliates within the 12-month period preceding the date of the relevant purchase. About Loblaw Companies Limited Loblaw is Canada's food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy and health services, other health and beauty products, apparel, general merchandise and wireless mobile products and services. With more than 2,80...

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