Empire Completes Public Offering

On April 24, 2009, Empire Company Limited completed an underwritten public offering of 2,713,000 Non-Voting Class A shares at a price of $49.75 per share. Gross proceeds from the offering were $134,971,750. Empire intends to use substantially all of the net proceeds of the offering to reduce indebtedness with any remaining net proceeds to be used for general corporate purposes.

Empire (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire's core businesses include food retailing and related real estate. The offering was made through a syndicate of underwriters led by Scotia Capital Inc. and BMO Nesbitt Burns Inc., and including TD Securities Inc., National Bank Financial Inc., CIBC World Markets Inc., Beacon Securities Limited and Jennings Capital Inc.

Stewart McKelvey acted as counsel for Empire, with a team comprised of James Dickson, Andrew Burke, Deanne MacLeod and Andrew McFarlane.

Stikeman Elliott LLP acted as counsel to the underwriters, with a team comprised of Joel Binder, Adam Kline and Andrew Bozzato.


Andrew Bozzato Andrew V. Burke James M. Dickson Deanne MacLeod Adam J. Kline Joel E. Binder Andrew J. McFarlane


Stewart McKelvey Stikeman Elliott LLP