An anonymous director reports

ROOTS ANNOUNCES INTENTION TO MAKE NORMAL COURSE ISSUER BID FOR COMMON SHARES

The Toronto Stock Exchange (TSX) has accepted a notice filed by Roots Corp. of its intention to commence a normal course issuer bid for its common shares through the facilities of the TSX (or other alternative Canadian trading systems). Purchases will be made in accordance with the rules and policies of the TSX, and common shares purchased will be cancelled.

The notice provides that the Roots board of directors has approved the purchase on the TSX, during the period commencing April 11, 2025, and ending April 10, 2026, of up to 1,347,118 common shares, representing approximately 10 per cent of Roots' public float of 13,471,186 common shares as at April 1, 2025. As at April 1, 2025, Roots had 40,450,213 common shares outstanding. Under the bid, Roots may purchase up to 2,463 common shares on the TSX during any trading day, representing 25 per cent of the average daily trading volume on the TSX for the prior six months (being 9,853 common shares), all as calculated in accordance with the rules of the TSX. This limitation does not apply to purchases made pursuant to block purchase exemptions.

Roots is making this normal course issuer bid because it believes that, in appropriate circumstances, its common shares represent an attractive investment opportunity and that purchases under the bid will enhance the value of the common shares held by the remaining shareholders.

Roots has entered into an automatic share purchase plan (ASPP) with a designated broker to allow for the purchase of its common shares under its normal course issuer bid at times when Roots normally would not be active in the market due to applicable regulatory restrictions or internal trading blackout periods. Before the commencement of any particular internal trading blackout period, Roots may, but is not required to, instruct its designated broker to make purchases of common shares under the normal course issuer bid during the ensuing blackout period, in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Roots prior to commencement of the applicable blackout period, in accordance with the terms of the ASPP and applicable TSX rules. Outside of these blackout periods, common shares will be purchasable by Roots at its discretion under its normal course issuer bid.

The ASPP is dated April 9, 2025, and will terminate on the earliest of the date on which: (i) the maximum annual purchase limit in respect of the common shares under the normal course issuer bid has been reached; (ii) the normal course issuer bid expires; or (iii) Roots terminates the ASPP in accordance with its terms. The ASPP constitutes an automatic securities purchase plan under applicable Canadian securities laws.

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. The company has more than 100 partner-operated stores in Asia, and it also operates a dedicated Roots-branded storefront 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. The company's products are built with uncompromising comfort, quality and style that allow you to feel At Home With Nature. The company offers products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. Roots also wholesales through business-to-business channels and licenses the brand to a select group of licensees selling products to major retailers.

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