Analyst Coverage
| Firm | Analyst |
| BMO Capital Markets | Peter Sklar |
| CIBC World Markets | Perry Caicco |
| Cowen and Company | Paul Westra |
| Credit Suisse | Winston Lee |
| Desjardins Securities | Keith Howlett |
| Edward Jones | Brian Yarborough |
| Genuity Capital Markets | Candice Williams |
| Goldman Sachs | Steve Kron |
| JP Morgan | John Ivankoe |
| National Bank Financial | Jim Durran |
| RBC Capital Markets | Irene Nattel |
| Research Capital | Robert Cavallo |
| Scotia Capital | Patricia Baker |
| TD Newcrest | Michael Van Aelst |
| UBS Securities | Vishal Shreedhar |
Tim Hortons Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Tim Hortons Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tim Hortons Inc. or its management. Tim Hortons Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.