Mr. Craig Loudon reports

LEADERSHIP CHANGE AT INDIGO

Indigo Books & Music Inc.'s board of directors has noted the resignation of its chief executive officer Peter Ruis, thanks him for his contributions to the company and wishes him well as he moves on to new challenges in his career. Mr. Ruis has agreed to serve Indigo as a consultant for the next two months to support a smooth transition in leadership.

With Mr. Ruis's departure, the board is focused on acting swiftly to determine the right leader to move the company forward.

In the interim, Craig Loudon, the chief financial officer, and Damien Liddle, the senior vice-president and general counsel, will work closely with the board to provide day-to-day direction.

About Indigo Books & Music Inc.

Indigo is a publicly traded Canadian company listed on the Toronto Stock Exchange (symbol IDG). Indigo is Canada's leading book and lifestyle retailer, offering a curated assortment of books, gifts, and home, wellness, fashion, paper, baby and kids products that support customers by simplifying their journey to living with intention. The company operates retail stores in all 10 provinces and one territory in Canada, and also has retail operations in the United States through a wholly owned subsidiary, operating one retail store in Short Hills, N.J. Retail operations are seamlessly integrated with the company's digital channels, including the Indigo website and the mobile applications, which are extensions of the physical stores and offer customers an expanded assortment of book titles, along with a meaningfully curated assortment of general merchandise. Indigo believes in real books, in living life fully and generously, in being kind to each other, and that stories -- big and little -- connect people.