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Breaking News

Weston's New CFO

February 22, 2007

George Weston Limited announced today that Mr. Richard Mavrinac will be stepping down as Chief Financial Officer of the Company by the Annual General Meeting on May 16, 2007.

"I would like to thank Rick for 25 years of service to the Company," commented W. Galen Weston, President and Chairman George Weston Limited.

The Company also announced that Mr. Robert (Bob) Vaux will become Chief Financial Officer for George Weston Limited on Rick's departure. Bob was previously Senior Vice President, Corporate Development, George Weston Limited for the past 8 years and prior to joining the Company was CFO at John Labatt Limited.

"I would like to congratulate Bob on his appointment, and look forward to working with him in his new role," commented W. Galen Weston, Chairman and President, George Weston Limited.

George Weston Limited is one of North America's largest food processing and distribution groups operating in two segments: baking and dairy through Weston Foods, and food and general merchandise distribution through Loblaw Companies Limited.

CONTACT:Geoff Wilson, Senior Vice President, Financial Services and Investor Relations, (416) 922-8500
February 8, 2007

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