Mr. Stephen Reitman reports

REITMANS (CANADA) LIMITED WELCOMES MARTIN THIBODEAU TO ITS BOARD OF DIRECTORS

Long-time technology executive Martin Thibodeau has joined Reitmans (Canada) Ltd.'s board of directors, effective today.

Mr. Thibodeau has over three decades of senior leadership experience in information technology (IT) within the retail industry. He has previously served as chief technology and information officer of Groupe Dynamite and Indigo Books & Music, as well as in senior IT leadership roles at Laura Canada and Limited Brands Canada. In addition to his board appointment at Reitmans, Mr. Thibodeau is currently senior vice-president and chief information officer at Rona, and board member at Centraide.

On the appointment of Mr. Thibodeau, Stephen Reitman, executive chairman of the board, stated: "We are pleased to welcome Martin to RCL. As a board, we identified the need to bring on a new board member with extensive technology expertise, and with Martin's deep experience in IT and fashion retail, he will support us in achieving our strategic business objectives. We wish him success in his new role."

Andrea Limbardi, president and chief executive officer of Reitmans, added, "We are confident that Martin's perspective and strong leadership track record will be instrumental as we continue to rollout our multiyear strategy designed for the future."

"I am delighted to join RCL at such a pivotal moment in its journey and look forward to helping the organization fuel growth through continued modernization efforts. Furthermore, I am honoured to be part of a proudly Canadian retailer and work alongside Stephen, Andrea, the board and executive leadership team," said Mr. Thibodeau.

About Reitmans (Canada) Ltd.

Reitmans is one of Canada's leading specialty apparel retailers for women and men, with retail outlets throughout the country. The company operates 390 stores under three distinct banners consisting of 222 Reitmans, 86 PENN. Penningtons and 82 RW&CO.

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