Mr. Aldo Bensadoun reports

ARITZIA ANNOUNCES $100 MILLION SECONDARY OFFERING OF SUBORDINATE VOTING SHARES

An investment vehicle managed by Berkshire Partners LLC, a Boston-based private equity firm, and Sweet Park Holdings Inc., an entity indirectly controlled by Aldo Bensadoun, a director of Aritzia Inc., has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets, pursuant to which the underwriters have agreed to purchase (on a bought deal basis) an aggregate of 6.05 million subordinate voting shares held by the selling shareholders at an offering price of $16.55 per share for total gross proceeds to the selling shareholders of $100,127,500. Aritzia will not receive any proceeds from the offering.

The underwriters have also been granted an overallotment option to purchase up to an additional 907,500 subordinate voting shares from the Berkshire shareholder at the offering price for additional gross proceeds of $15,019,125 (if the overallotment option is exercised in full). The overallotment option can be exercised at any time, in whole or in part, for a period of 30 days from the closing date of the offering, which is expected to occur on or about Aug. 7, 2018, and is subject to certain customary closing conditions.

A preliminary short form prospectus relating to the offering will be filed by no later than July 23, 2018, with Canadian securities regulating authorities.

Upon completion of the offering and assuming no exercise of the overallotment option, the Berkshire shareholder and its affiliates will, directly or indirectly, own or control approximately 22.4 per cent of the issued and outstanding subordinate voting shares and multiple voting shares, and approximately 45.1 per cent of the voting power attached to all of the shares. Upon completion of the offering, there will be 62,998,126 subordinate voting shares issued and outstanding and 49,876,002 multiple voting shares issued and outstanding (63,905,626 subordinate voting shares and 48,968,502 multiple voting shares if the overallotment option is exercised in full).

Pursuant to a second amended and restated registration rights agreement dated Oct. 3, 2016, between, inter alia, the company, CanLux AB Investments One Sarl (as predecessor in interest to the Berkshire shareholder) and the Bensadoun shareholder, certain shareholders of the company have the right to elect to participate in the offering. To the extent any of these shareholders elect to participate in the offering, the number of subordinate voting shares to be sold by the Berkshire shareholder will correspondingly be reduced.

About Aritzia Inc.

Aritzia is a vertically integrated, innovative design house of fashion brands. The company designs apparel and accessories for its collection of exclusive brands. The company's expansive and diverse range of women's fashion apparel and accessories addresses a broad range of style preferences and lifestyle requirements. Aritzia is well known and deeply loved by its customers in Canada, with growing customer awareness and affinity in the United States and outside of North America.

We seek Safe Harbor.