Mr. Andy Wright of Air Miles reports

RONA AND THE AIR MILES REWARD PROGRAM SIGN MULTI-YEAR RENEWAL AGREEMENT

Rona Inc. and LoyaltyOne Co. (owner of the Air Miles reward program) have entered into a multiyear renewal of their long-standing arrangements, which allow Rona to issue Air Miles reward miles and accept Air Miles cash redemptions at more than 500 stores across Canada that operate under Rona banners.

Air Miles collectors earn reward miles on all purchases made at Rona retail banners at a rate of one reward mile for every $20 spent and can take advantage of bonus offers and promotional multipliers on products at more than 500 Rona retail stores. All holders of Rona commercial or consumer credit cards can double their Air Miles reward miles every time they use their cards. Air Miles collectors who have opted in to the Air Miles Cash feature can also instantly redeem their reward miles at the cash register at a rate of 95 reward miles for $10 off their purchases.

"As Canada's No. 1 home improvement retailer, we are proud to be associated with Air Miles, Canada's premier loyalty program. For more than 20 years, we have continuously offered the Air Miles program to our customers," said Claire Bara, marketing vice-president at Rona. "We know our customers are avid Air Miles collectors who recognize the value of the program. Our partnership allows us to offer our Air Miles customers key incentives, unique promotions and add value to their shopping experience and allows us to better understand and anticipate their needs."

"Rona was one of the original sponsors that launched with the Air Miles reward program more than two decades ago and continues to be an important part of our continued success," said Andy Wright, president of the Air Miles reward program. "More than 20 years later, our two companies maintain a close partnership and work together to fulfill the same objective -- to reward customers for their continued loyalty."

Rona retail banners in the agreement include all Rona-branded banners.