Mr. Neil Rossy reports

DOLLARAMA ANNOUNCES DEPARTURE OF ITS CHIEF FINANCIAL OFFICER

J.P. Towner, chief financial officer of Dollarama Inc., intends to step down from his position in the coming months to pursue another career opportunity. He will remain in his role to ensure a smooth transition, including through the announcement and filing of the corporation's Q2 fiscal 2024 results.

"On behalf of the board of directors and the executive team, I would like to thank J.P. for his contribution to Dollarama," said Neil Rossy, president and chief executive officer of Dollarama. "It was a pleasure working with J.P. and we wish him the very best in his next chapter."

"I am grateful to have had the opportunity to serve as CFO of an outstanding business and Canadian success story. I have sincerely enjoyed working with such a talented team," said Mr. Towner.

The corporation has commenced a formal search process for a new chief financial officer.

About Dollarama Inc.

Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items, both in store and on-line. Dollarama's 1,507 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Select products are also available, by the full case only, through the company's on-line store. Dollarama's quality merchandise is sold at select fixed price points up to $5.

Dollarama also owns a 50.1-per-cent interest in Dollarcity, a growing Latin American value retailer. Dollarcity offers a broad assortment of consumable products, general merchandise and seasonal items at select fixed price points up to $4 (U.S.) (or the equivalent in local currency) in 448 conveniently located stores in El Salvador, Guatemala, Colombia and Peru.

We seek Safe Harbor.