Included on Carbon Disclosure Leadership Index for approach to climate change information and disclosure

OAKVILLE, ON - October 16, 2012 - Tim Hortons announced today that for the first time it is included in the Canadian Carbon Disclosure Project's (CDP) Leadership Index. The Index recognizes various organizations for their approach to climate change information disclosure.  Tim Hortons' high score and inclusion in the report indicate good internal data management and understanding of climate change related issues affecting the company.

"From our restaurants to corporate facilities and distribution centres, we are always looking for the best ways to manage emissions and reduce our environmental impact," said Scott Bonikowsky, Vice President, Corporate, Public & Government Affairs, Tim Hortons.  "As a company, we aim to be environmentally responsible and to make a true difference for the planet. We take pride in these efforts and we will stay committed to our goals."

The index is a key component of CDP's annual Canada 200 report, highlighting the constituent companies of the Canada 200 which are scored in various categories according to their management of carbon emissions, and the top ten percent (20) are included in the annual Canadian CDP Leadership Index. The index is also an essential database for investors to assess a company's environmental practices. The CDP represents 655 institutional investors with $78 trillion in assets.

In addition, Tim Hortons was recently named to the Dow Jones Sustainability Index for the second year in a row. The company placed in the top 20 per cent of the largest 600 North American Dow Jones Global Total Stock Market Index companies based on long-term economic, environmental and social criteria.

ABOUT TIM HORTONS INC.

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 July 1st, 2012, Tim Hortons had 4,071 systemwide restaurants, including 3,326 in Canada, 734 in the United States and 11 in the Gulf Cooperation Council. More information about the Company is available at www.timhortons.com.

For further information or to arrange an interview, please contact:

Alexandra Cygal, Tim Hortons, 905-339-5960, cygal_alexandra@timhortons.com

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