Mr. Phil Bacal reports

ROOTS ANNOUNCES RESULTS OF VOTING AT FISCAL 2023 ANNUAL MEETING OF SHAREHOLDERS

Roots Corp. has released the results of voting at its fiscal 2023 annual meeting of shareholders held today. Each of the matters voted upon at the meeting is described in greater detail in the notice of annual meeting of shareholders and management information circular of Roots dated June 7, 2024.

The total number of shares represented at the meeting was 32,237,816, representing approximately 80.1 per cent of the company's outstanding shares entitled to be voted.

Election of directors

All of the nominees listed in the management information circular prepared in connection with the meeting were elected as directors by a resolution passed by a majority of the shareholders represented in person or by proxy at the meeting, to hold office until the next annual meeting following their election, or until their successors are elected or appointed. An attached table details the votes received with regard to such matter.

Appointment of auditor

KPMG LLP was reappointed as the auditor of Roots and the directors were authorized to fix the auditor's remuneration by a resolution passed by a majority of the shareholders represented in person or by proxy at the meeting. An attached table details the votes received with regard to such matter.

About Roots Corp.

Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in Northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States and an e-commerce platform. Roots has more than 100 partner-operated stores in Asia and it also operates a dedicated Roots-branded storefront on Tmall.com in China. Roots designs, markets and sells a broad selection of products in different departments, including women's, men's, children's and gender-free apparel, leather goods, footwear, and accessories. Its products are built with uncompromising comfort, quality and style that allows you to feel At Home With Nature. Roots offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. It also wholesales through business-to-business channels and licenses the brand to a select group of licensees selling products to major retailers. Roots is a Canadian corporation doing business as Roots and Roots Canada.