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Press release from CNW Group

Tim Hortons Inc. statement on passing of Ronald Osborne

Tuesday, April 09, 2013

Tim Hortons Inc. statement on passing of Ronald Osborne

18:12 EDT Tuesday, April 09, 2013

OAKVILLE, ON, April 9, 2013 /CNW/ - Tim Hortons Inc. was saddened today to learn of the passing of Ronald Osborne, who joined the Tim Hortons Board of Directors in 2008.

"Ron developed a reputation over many years as a highly regarded and respected executive and corporate director in the Canadian business landscape.  He brought deep business insight to his role as a director and member of our Audit Committee, and provided great value to the Company and its shareholders through his business savvy and intellect coupled with his significant financial and risk expertise," said Paul House, executive chairman, president and CEO, Tim Hortons.

We offer our sincere condolences to Mr. Osborne's family and friends.

Tim Hortons Inc. Overview

Tim Hortons is one of the largest publicly-traded restaurant chains in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, espresso-based hot and cold specialty drinks including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of December 30th, 2012, Tim Hortons had 4,264 systemwide restaurants, including 3,436 in Canada, 804 in the United States and 24 in the Gulf Cooperation Council. More information about the Company is available at www.timhortons.com.

SOURCE: Tim Hortons Inc.

For further information:

Scott Bonikowsky, (905) 339-6186 or bonikowsky_scott@timhortons.com

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