Leading Brands Announces Preliminary Results of Its Tender Offer and Continuation of Its Normal Course Issuer Bid

Leading Brands, Inc. (Nasdaq: LBIX) announced today the preliminary results of its tender offer to repurchase up to US$800,000 in value of its common shares through a modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on Monday, June 18, 2012.

Based on the preliminary count by Computershare Investor Services, Inc., the depositary for the tender offer, an aggregate of 487,774 of the Company's common shares were properly tendered and not properly withdrawn at the purchase price of US$4.10 per share.

Based on the preliminary count by the depositary and in accordance with the terms and conditions of the tender offer, Leading Brands will purchase an additional 2% of its outstanding shares, and expects to purchase 259,854 of its common shares at a price of US$4.10 per share, for an aggregate cost of approximately US$1,065,400, excluding fees and expenses relating to the tender offer. These shares represent approximately 8% of Leading Brands' currently outstanding common shares. Based on these preliminary numbers, Leading Brands anticipates that following settlement of the offer, it will have approximately 2,976,814 common shares outstanding.

Based on the preliminary count described above, the Company expects that shareholders who tendered properly and did not withdraw properly common shares in the offer at US$4.10 per share will have approximately 53.3% of their tendered shares purchased by the Company.

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