Ms. Andrea Limbardi reports

REITMANS (CANADA) LIMITED ANNOUNCES CHANGES TO ITS EXECUTIVE LEADERSHIP STRUCTURE

Jackie Tardif will depart Reitmans (Canada) Ltd. after 31 years of service, following the elimination of the chief operating officer role. Ms. Tardif's departure will take effect on Dec. 1, 2025.

"Throughout her distinguished career at RCL, Jackie played a pivotal role in driving the achievement of the company's key strategic objectives and initiatives. It is difficult to put into words the extent of her contributions to our success," said Andrea Limbardi, Reitmans's president and chief executive officer. "She shaped the direction of our brands with remarkable insight and skill, consistently demonstrating unwavering commitment, enthusiasm and dedication to our collective mission. I would like to sincerely congratulate Jackie on her incredibly successful career and her many significant accomplishments, and express our deep appreciation for the leadership and mentorship that she brought to RCL each and every day."

"It has been both an honour and a privilege to dedicate more than 30 years of my career to RCL, helping to shape RCL's strategic vision and its storied brands in achieving their ambitious goals and objectives," said Ms. Tardif. "Throughout my tenure, I have had the pleasure of collaborating with an outstanding team of board members, executives and employees whose invaluable support and insight have made my journey so rewarding and who continually instill a sense of confidence in RCL's future. As RCL approaches its 100th anniversary, I wish Andrea and the executive team success and look forward to continuing to celebrate RCL's accomplishments long into the future."

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 220 Reitmans, 86 Penningtons and 84 RW&CO.

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