Dollarama closes The Reject Shop acquisition

Mr. Neil Rossy reports DOLLARAMA COMPLETES ACQUISITION OF AUSTRALIAN DISCOUNT RETAILER THE REJECT SHOP Dollarama Inc. has closed its previously announced acquisition of The Reject Shop Ltd. following receipt of the necessary shareholder, regulatory and court approvals. Headquartered in Melbourne, The Reject Shop is Australia's largest discount retailer with a well-located store network of more than 390 locations spanning every Australian state. This strategic acquisition marks Dollarama's entry into the Australian market, building on its proven record as a leading Canadian value retailer with a growing presence in Latin America through Dollarcity. "We are pleased to officially welcome the TRS team to Dollarama," said Neil Rossy, president and chief executive officer of Dollarama. "Expanding our international reach supports our long-term growth strategy, and we are thrilled to be embarking on this exciting new chapter with TRS's local leaders and more than 5,000 employees. By working together and applying Dollarama's strengths in sourcing, merchandising and retail operations, we are well positioned to deliver compelling value to Australian consumers and to drive the expansion of our new Australian growth platform over the long term." About Dollarama Inc. Founded in 1992 and headquartered in Montreal, Que., Canada, Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and on-line. With stores in all Canadian provinces and two territories, its 1,638 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Its quality merchandise is sold at select fixed price points up to $5. Dollarama also owns a 60.1-per-cent interest in Dollarcity, a growing Latin American value retailer. Dollarcity offers a broad assortment of consumable products, general merchandise and seasonal items at select, fixed price points up to $4 (U.S.) (or the equivalent in local currency) in 644 conveniently located stores in Colombia, Guatemala, El Salvador and Peru. We seek Safe Harbor.