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Press release from CNW Group

George Weston Limited Increases Dividend

Tuesday, November 20, 2012

George Weston Limited Increases Dividend07:59 EST Tuesday, November 20, 2012TORONTO, Nov. 20, 2012 /CNW/ - George Weston Limited's (TSX: WN) Board of Directors announced that it has declared an increase of approximately 5.6% in the quarterly dividend from $0.36 to $0.38 per common share.  This increase is effective with the Company's fourth quarter dividend and is payable January 1, 2013 to shareholders of record December 15, 2012. The Board of Directors also declared a quarterly dividend on George Weston Limited Preferred Shares, Series I, Preferred Shares, Series III, Preferred Shares, Series IV and Preferred Shares, Series V payable as follows:Preferred Shares, Series I  - $0.3625 per share payable December 15, 2012, toshareholders of record November 30, 2012;   Preferred Shares, Series III - $0.3250 per share payable January 1, 2013, toshareholders of record December 15, 2012;   Preferred Shares, Series IV - $0.3250 per share payable January 1, 2013, toshareholders of record December 15, 2012; and   Preferred Shares, Series V - $0.296875 per share payable January 1, 2013, toshareholders of record December 15, 2012.About George Weston LimitedGeorge Weston Limited is a Canadian public company founded in 1882 and through its operating subsidiaries constitutes one of North America's largest food processing and distribution groups. George Weston Limited has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Companies Limited. The Weston Foods operating segment is primarily engaged in the baking industry within North America. Loblaw is Canada's largest food distributor and a leading provider of general merchandise, drugstore and financial products and services. SOURCE: George Weston LimitedFor further information: Geoffrey H. Wilson, Senior Vice President, Financial Control and Investor Relations (416) 922-2500