Reitmans (Canada) Limited announces changes to Board

    MONTREAL, April 2 /CNW Telbec/ - Reitmans (Canada) Limited announces that
Cyril Reitman has retired from the Board of Directors of the Company after
serving as a director for 39 years. Mr. Reitman will be replaced, effective
today, by Mr. John J. Swidler, FCA, a senior partner of RSM Richter, an
accounting and consulting firm.
    John J. Swidler, FCA is a Senior Partner of the Montreal office of RSM
Richter and a member of the Board of Directors. He was the Chairman of the
Executive Committee of RSM Richter from 1982 to 1996 and the Managing Partner
from 1996 to January 1, 2007.
    His professional practice includes providing business advisory services
to publicly-owned and privately-held companies. He has been involved in a
number of significant merger and acquisition transactions on behalf of
clients. He acts as an advisor for private equity funds in Canada and in the
United States.
    "I would like to thank Cyril for his many years of dedication and
contributions to Reitmans" said Jeremy H. Reitman, President and CEO. "John
brings many skills and a great deal of experience to our Board and we look
forward to working with him" added Mr. Reitman.

    All of the statements contained herein, other than statements of fact
that are independently verifiable at the date hereof, are forward-looking
statements. Such statements, based as they are on the current expectations of
management, inherently involve numerous risks and uncertainties, known and
unknown, many of which are beyond the Company's control. Such risks include
but are not limited to: the impact of general economic conditions, general
conditions in the retail industry, seasonality, weather and other risks
included in public filings of the Company. Consequently, actual future results
may differ materially from the anticipated results expressed in
forward-looking statements. The reader should not place undue reliance on the
forward-looking statements included herein. These statements speak only as of
the date made and the Company is under no obligation and disavows any
intention to update or revise such statements as a result of any event,
circumstances or otherwise, except to the extent required under applicable
securities law.
    %SEDAR: 00002316EF

For further information: Jeremy H. Reitman, President, (514) 385-2630