MANAGEMENTPROXYCIRCULAR LOBLAWCOMPANIESLIMITED ANNUALMEETINGOFSHAREHOLDERS MAY5,2022 THISDOCUMENTCONTAINS: NOTICEOFANNUALMEETINGOFSHAREHOLDERS MANAGEMENTPROXYCIRCULAR

QUESTIONS AND ANSWERS ON THE VOTING PROCESS Q: What items of business am I voting on? A: You will be voting on: • the election of directors; • the appointment of the auditor and authorization of the directors to fix the auditor’s remuneration; • an advisory resolution on the Corporation’s approach to executive compensation; and • the shareholder proposals set out in Schedule B of this Circular. [...] Loblaw Companies Limited I Management Proxy Circular I 3 Unless contrary instructions are provided, Common Shares represented by proxies appointing management of the Corporation as the proxyholder will be voted: • FOR the election of the directors; • FOR the appointment of PricewaterhouseCoopers LLP (“PwC”) as the auditor of the Corporation and the authorization of the. [...] Shareholders or their proxyholders will vote on the appointment of the auditor and the authorization of the Board to fix the auditor’s remuneration. [...] Nine of the 10 nominees are currently directors of the Corporation and all of the nominees have established their eligibility and willingness to serve on the Board for the next annual term. [...] Clark is a member of the boards of the Canadian Olympic Committee, the Canadian Olympic Foundation, Own The Podium, the Sunnybrook Foundation and an emeritus member of the Advisory Council of The Stephen J.