Ms. Andrea Limbardi reports

REITMANS (CANADA) LIMITED ANNOUNCES THE RETIREMENT OF GALE BLANK - CHIEF INFORMATION OFFICER

Reitmans (Canada) Ltd.'s Gale Blank is retiring as the company's chief information officer. Ms. Blank's retirement is set for September, 2025, after more than five years with the company. The company has begun a talent search for a successor.

"Gale joined us five years ago with this goal in mind: to lay the foundations of a solid technology infrastructure essential to our long-term growth," said Andrea Limbardi, president and chief executive officer of RCL. "Thanks to her vast experience and deep commitment, she has achieved that goal, as well as put in place a team capable of continuing to build upon that strong foundation. I would like to sincerely congratulate Gale on her incredibly successful career and significant accomplishments. I also want to thank her for the strategic vision and leadership she has demonstrated during her time with us. We have begun a search for the right person to continue to drive our strategic IT objectives, which are core to our growth strategy."

"My time at RCL has been one of the highlights of my career and I'm very proud to have been able to work alongside exceptional leaders who are committed to propelling the company into the future," announced Ms. Blank. "After five years with RCL, the time has come for me to pass the torch. I am convinced that with Andrea and the executive team's leadership, RCL is in an excellent position to embrace continued technological transformation and to achieve its goals for the years ahead."

About Reitmans (Canada) Ltd.

Reitmans (Canada) is one of Canada's leading specialty apparel retailers for women and men, with retail outlets throughout the country. The company operates 394 stores under three distinct banners, consisting of 226 Reitmans, 86 PENN. Penningtons, and 82 RW&CO.

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