The North West Company Inc.

The North West Company Inc.

March 22, 2005 16:31 ET

'New Giant Tiger Store to ROAR into Brandon, Manitoba'


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTH WEST COMPANY FUND

TSX SYMBOL: NWF.UN

MARCH 22, 2005 - 16:31 ET

'New Giant Tiger Store to ROAR into Brandon, Manitoba'

WINNIPEG, MANITOBA--(CCNMatthews - March 22, 2005) - The North West
Company (NWC) (TSX:NWF.UN) announced plans for the opening of its newest
Giant Tiger store in Brandon, Manitoba. This will be NWC's ninth Giant
Tiger store in Manitoba. The 19,000 square foot new store is set to open
on May 28th at 2626 Victoria Avenue. "We are very pleased to be opening
a local, all-Canadian family discount store to serve the growing market
of Brandon and area. We're confident that our selection of food, fashion
merchandise, low prices and everyday products will be attractive to all
types of shoppers," said Edward Kennedy, President and CEO of The North
West Company. "We're especially committed to providing the same great
savings and convenience that we've been able to offer Giant Tiger
customers at our other Manitoba locations."

"We are all very excited about our new location in Brandon," says Jeff
York, President of Ottawa-based Giant Tiger Stores Limited. "Customers
in and around Brandon will find us to be an affordable and convenient
destination for fashion clothing, groceries and everyday basic needs.
Giant Tiger, your all-Canadian family discount store, will be a clean,
neat, bright, friendly, and fun place to shop. We have everyday low
prices and great values on current fashions and footwear for the entire
family. We also carry groceries, frozen food and dairy products along
with great home decorating items, health and beauty needs and cleaning
items," says York.

Giant Tiger has a buying office in Montreal, Canada's fashion capital.
Clothes to keep you dressed in style will arrive at the store every day
of the year. At Giant Tiger, each store has control over the merchandise
that is purchased to best suit the needs of its community. "You'll find
that the identical quality and fashion items offered by the major chain
stores are sold at Giant Tiger at remarkably lower prices," says York.

The North West Company and Giant Tiger have a 30-year Master Franchise
Agreement, which grants NWC the exclusive right to open and operate 72
Giant Tiger stores in western Canada.

Giant Tiger, Canada's leading junior discount store chain, was
established in 1961 in Ottawa and has grown to 146 locations in Ontario,
Quebec, Manitoba, Saskatchewan, Alberta, and New Brunswick. Giant Tiger
Stores Limited is a privately held company.

The North West Company Inc. is a leading retailer of food and everyday
products and services to rural communities and urban neighborhoods
across Canada and Alaska. NWC operates 183 stores under a number of
trading names, including Northern, NorthMart, Giant Tiger and AC Value
Center, and provides catalogue shopping services through its Selections
catalogue in northern Canada.

The units of the North West Company Fund trade on the TSX Toronto Stock
Exchange under the symbol "NWF.UN".

Visit on-line at www.northwest.ca and/or www.gianttiger.com

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The North West Company
    Edward Kennedy
    President and CEO
    (204) 934-1482
    (204) 934-1317 (FAX)
    ekennedy@northwest.ca
    or
    Giant Tiger Stores Limited
    Jeffrey York
    President and COO
    (613) 521-8222
    (613) 521-4474 (FAX)