Mr. Jeremy Reitman reports

REITMANS (CANADA) LIMITED ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Bruce J. Guerriero, CPA, CA, has been appointed to the board of directors of Reitmans (Canada) Ltd.

Mr. Guerriero was a senior audit partner in the Montreal office of KPMG LLP, where he practised for 38 years before retiring in September, 2014. During his years at KPMG, Mr. Guerriero served as the lead audit engagement partner for medium- and large-scale clients in different business sectors, including consumer markets and retail. Mr. Guerriero has assisted companies with their public offerings on Canadian and U.S. exchanges, as well as provided them with assistance in meeting their continuing financial reporting requirements with Canadian and U.S. securities regulators.

Mr. Guerriero served on KPMG Canada's partnership board of directors from 2003 to 2010.

"We are privileged to have Bruce Guerriero join the Reitmans's board. He brings a great deal of experience and an impressive skill set in audit and corporate governance matters. We are confident that he will be of invaluable help to Reitmans in helping it to meet its audit and governance responsibilities, and we are looking forward to working with him," said Jeremy H. Reitman, chairman and chief executive officer of Reitmans (Canada).

We seek Safe Harbor.