Reitmans (Canada) Limited Provides Further Update on CCAA Process

• The Company filed for creditor protection and obtained an initial order under the CCAA on May 19, 2020 , which was further amended and restated today until January 28, 2022 .

MONTREAL , Sept. 28, 2021 /CNW Telbec/ - Reitmans ( Canada ) Limited (" Reitmans " or the " Company ") provides a further update today following its filing on May 19, 2020 for creditor protection pursuant to the Companies' Creditors Arrangement Act (the " CCAA "). Since its initial filing, the Company obtained extensions of the Initial Order until September 28, 2021 . Today, the Québec Superior Court issued an extension of the stay of proceedings pursuant to the CCAA until January 28, 2022 .

Reitmans continues to make progress in the CCAA process with the assistance of Ernst & Young Inc., the Monitor appointed under the CCAA process, and expects to continue to make announcements as further material progress is made.

About Reitmans ( Canada ) Limited

The Company is a leading women's specialty apparel retailer with retail outlets throughout Canada . The Company operates 413 stores consisting of 242 Reitmans, 93 Penningtons and 78 RW&CO. The Company is a publicly traded company listed on the TSX Venture Exchange (TSX-V:  RET, RET-A). For more information, visit www.reitmanscanadalimited.com .

Source: Reitmans ( Canada ) Limited, www.reitmanscanadalimited.com

SOURCE Reitmans ( Canada ) Limited

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