Ms. Beth Reed reports

ARITZIA ANNOUNCES CLOSING OF SECONDARY OFFERING OF SUBORDINATE VOTING SHARES

The secondary offering announced on Jan. 13, 2026, consisting of 1,602,000 subordinate voting shares of the Aritzia Inc., including 65,000 shares pursuant to the exercise in part of the overallotment option granted to the underwriters (as defined below), held by Brian Hill, founder and executive chair of Aritzia, together with certain entities owned and/or controlled directly or indirectly by him, or him and his immediate family, has closed. The shares were offered at an offering price of $130.20 per share for total gross proceeds to the selling shareholders of $208,580,400. All net proceeds from the offering have been paid to the selling shareholders. The company will not receive any proceeds from the offering.

The offering was made through a syndicate of underwriters led by BMO Capital Markets, and including RBC Dominion Securities Inc., TD Securities Inc. and CIBC World Markets Inc., and made on a bought deal basis pursuant to a final short form prospectus dated Jan. 26, 2026. The prospectus has been filed with the Canadian securities regulators in each of the provinces and territories of Canada (excluding Quebec) and is available under the company's SEDAR+ profile.

Immediately following closing of the offering, Mr. Hill holds, through entities owned and/or controlled, directly or indirectly, by him or by him and his immediate family, 18,327,244 multiple voting shares, representing all of the multiple voting shares of the company and an equity interest of approximately 15.8 per cent, and a voting interest of approximately 65.3 per cent, in each case, on a non-diluted basis. Mr. Hill no longer holds, directly or indirectly, any subordinate voting shares of the company following closing of the offering. In addition, Mr. Hill holds 712,162 options and 252,940 performance share units of the company. Each multiple voting share represents ten votes on all matters upon which holders of shares in the capital of Aritzia are entitled to vote and is convertible into one subordinate voting share at any time at the sole option of the holder.

About Aritzia Inc.

Aritzia is a design house with an innovative global platform. The company consists of creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individual aesthetic. Aritzia is about good design, quality materials and timeless style -- all with the well-being of people and the planet in mind.

Founded in 1984 in Vancouver, Canada, Aritzia prides itself on creating immersive, highly personalized shopping experiences on-line and in its 140 boutiques throughout North America -- for everyone, everywhere.

Aritzia's approach

Aritzia means style, not trend, and quality over everything. Aritzia treats each in-house label as its own atelier, united by premium fabrics, meticulous construction and an of-the-moment point of view. Aritzia handpicks fabrics from the world's best mills for their feel, function and ability to last. It obsesses over proportion, fit and that just-right silhouette. From handpainted prints to the art of pocket placement, Aritzia's innovative design studio considers and reconsiders each detail to create essentials you will reach for again and again and again.