The Board of Directors of Reitmans (Canada) Limited (the 'Company') announces the appointment of Stephen F. Reitman as Chief Executive Officer of the Company, effective immediately.

Mr. Reitman will retain his current role as President of the Company.

bout Reitmans (Canada) Limited

The Company is a leading ladieswear specialty apparel retailer with retail outlets throughout Canada. The Company operates 586 stores consisting of 260 Reitmans, 112 Penningtons, 78 Addition Elle, 81 RW & CO. and 55 Thyme Maternity. The Company is a publicly traded company listed on the Toronto Stock Exchange (TSX: RET, RET-A).

Contact:

Tel: 514-384-1140

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