Tim Hortons Inc. Announces Same Store Sales for Fourth Quarter

Business Wire, Jan 5, 2007

OAKVILLE, Ontario -- Tim Hortons Inc. (NYSE:THI)(TSX: THI) today announced same-store sales increases of 9.3% at Tim Hortons(R) restaurants in Canada and 8.3% at restaurants in the United States for the fourth quarter ended December 31, 2006.

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"Tim Hortons had a strong finish to 2006 with solid sales growth in both Canada and the U.S. in the fourth quarter," said Chief Executive Officer and President Paul House. "Our customers continue to respond positively to the value, convenience and variety offered by Tim Hortons and we are pleased that this has translated into positive sales growth throughout the year."

In the fourth quarter, the company introduced its breakfast sandwich in Canada, promoted its chili and garlic toast combo in both Canada and the U.S., and featured its holiday merchandise program in the month of December. Also featured in the quarter were a Pumpkin Spice Glazed Donut, Danish Fruit Bites and a Chocolate Raspberry Donut.

Fourth Quarter and Year End Results Release

Tim Hortons will release its fourth-quarter and 2006 year end financial results on Wednesday, February 7 prior to markets opening. A conference call on the results will begin at 8:30 a.m. (Eastern). Investors and the public may participate in the conference call by:

* Phone: The dial-in number is (416) 641-6675. No access code is required. A replay of the call will be available until midnight, February 14 and can be accessed at (416) 626-4100. The reservation number for the replay call is 21315855.

* Simultaneous Web Cast: Available at www.timhortons-invest.com. The call will also be archived at that site.

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Safe Harbor statement

Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, is forward-looking. Factors set forth in the Company's Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company's Safe Harbor Statement at http://www.timhortons.com/safeharbor.html.> Tim Hortons Inc. overview

Tim Hortons Inc. is Canada's largest quick service restaurant chain. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods. As of October 1, 2006, Tim Hortons system-wide restaurants numbered 2,637 in Canada and 305 in the United States. More information about the Company is available at www.timhortons.com.