Ms. Stephanie Nadalin reports

CANADIAN TIRE CORPORATION ANNOUNCES ELECTION OF DIRECTORS

At Canadian Tire Corp. Ltd.'s annual meeting of shareholders held today, the 16 director nominees set out in the company's management information circular, dated March 6, 2025, were elected as directors of the company.

On a vote by a show of hands, 13 individuals proposed by the board of directors as nominees were elected as directors of the company by the holders of common shares. The company received proxy votes in advance of the meeting from the holders of common shares with respect to the election of the 13 director nominees, as shown in an attached table.

On a vote by a show of hands, three individuals proposed by the board of directors as nominees were elected as directors of the company by the holders of Class A non-voting shares. The company received proxy votes in advance of the meeting from the holders of Class A non-voting shares with respect to the election of the three director nominees, as shown in an attached table.

Final voting results on all matters voted on at the meeting will be filed shortly with the Canadian securities regulators.

About Canadian Tire Corp.

Canadian Tire has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," Canadian Tire has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest work forces -- employing, along with its local dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning living, playing, fixing, automotive, and seasonal and gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, hockey experts, sports experts, and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players. Canadian Tire's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program -- a linchpin of Canadian Tire's customer-driven strategy. With nearly 12 million members, Triangle integrates first party data to deliver valuable rewards and personalized experiences across nearly 1,700 retail and gasoline outlets. Canadian Tire also operates a retail petroleum business and a financial services business and holds a majority interest in CT REIT, a Toronto Stock Exchange-listed Canadian real estate investment trust.