Ms. Dominique Boies reports

RONA ANNOUNCES NORMAL COURSE ISSUER BID

The board of directors of Rona Inc. has authorized the corporation to purchase in the normal course of its activities, from Nov. 18, 2014, to Nov. 17, 2015, up to 9,207,281 of its common shares, representing 10 per cent of its 92,072,811 public float or 7.94 per cent of its 115,991,010 common shares issued and outstanding on Nov. 11, 2014. This issuer bid is subject to the approval of the Toronto Stock Exchange.

"Counting on cash available and free cash flow generation, we believe the purchase of our common shares would represent an effective use of our capital. This buyback program is part of our initiatives intended to optimize our capital structure and increase shareholder value," commented Dominique Boies, executive vice-president and chief financial officer of the corporation.

Under this issuer bid, the purchases will be made at market prices through the facility of the Toronto Stock Exchange or alternative Canadian trading platforms, in accordance with the requirements of the Toronto Stock Exchange. The common shares thereby purchased will be cancelled.

The average daily trading volume of the corporation's common shares was 156,866 common shares on the Toronto Stock Exchange over the last six completed calendar months. Accordingly, since the corporation is entitled to purchase up to 25 per cent of the average daily trading volume on any trading day, it can purchase 39,216 common shares per day in addition to block trades in accordance with the Toronto Stock Exchange rules.

In the preceding 12-month period, the corporation repurchased 6,097,500 common shares for a total consideration of $77.4-million (at a volume-weighted average price of $12.69 per share).

Shareholders may obtain a free copy of the documents filed with the Toronto Stock Exchange concerning this bid by writing to the corporate secretary of Rona at 220 chemin du Tremblay, Boucherville, Que., J4B 8H7.

We seek Safe Harbor.