Ms. Beth Reed reports

ARITZIA ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Aritzia Inc.'s notice of intention to proceed with a normal course issuer bid.

Pursuant to the NCIB, Aritzia may purchase up to 4,308,739 of its subordinate voting shares, representing approximately 5 per cent of the public float of 86,174,782 shares as at April 30, 2026, during the 12-month period commencing May 13, 2026, and ending May 12, 2027. As at April 30, 2026, there were 96,229,396 shares issued and outstanding. Under the NCIB, other than purchases made under block purchase exemptions, Aritzia may purchase up to 145,437 shares on the TSX during any trading day, which represent approximately 25 per cent of the average daily trading volume on the TSX for the most recently completed six calendar months (being 581,750 shares) prior to the TSX's acceptance of the notice of the NCIB. Any shares purchased under the NCIB will be cancelled.

Aritzia's board of directors believes that an NCIB represents an appropriate and desirable use of its available cash, after prioritizing investments in boutiques and strategic infrastructure, to increase shareholder value, and is in the best interest of Aritzia and its shareholders. As at March 1, 2026, the company had approximately $592-million of cash and cash equivalents. Any purchases made under the NCIB will be made by Aritzia subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems.

Although the company currently intends to purchase shares under its NCIB, there can be no assurances that any such purchases will be completed. Any purchases made under NCIB will be made by Aritzia at the prevailing market price at the time of acquisition and through the facilities of the TSX or alternative Canadian trading systems, as applicable. The company may rely on an automatic share purchase plan during the NCIB. The automatic share purchase plan would allow for purchases by the company of shares during certain predetermined blackout periods, subject to certain limits and approval of the TSX.

Pursuant to the company's prior normal course issuer bid, the company sought and received approval from the TSX to purchase up to 4,226,994 of its shares for the period from May 7, 2025, to May 6, 2026. The company repurchased a total of 1,820,409 shares on the market for cancellation at a volume-weighted average price of $107.31 per share for total cash consideration of $195.3-million (including commissions) under that prior bid.

About Aritzia Inc.

Aritzia is a design house with an innovative global platform. It consists of creators and purveyors of covetable styles, home to an extensive portfolio of exclusive brands for every function and individual aesthetic. It is about good design, quality materials and making pieces you will wear again and again -- all with the well-being of people and planet in mind.

Founded in 1984 in Vancouver, Canada, it prides itself on creating immersive, highly personalized shopping experiences at the Aritzia website, on its app and in its 140-plus boutiques throughout North America -- for everyone, everywhere.

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