Ms. Nicole Legate reports

ROOTS CORPORATION ANNOUNCES STRATEGIC REVIEW

Roots Corp.'s board of directors has initiated a review of strategic alternatives to identify opportunities to maximize value for all shareholders. During the strategic review, the board will analyze and evaluate a range of alternatives, including, but not limited to, a sale of the company.

The company has decided to publicly announce this strategic review as part of its value-maximization strategy while continuing to execute its current business plan. The company does not intend to disclose developments with respect to the strategic review unless and until the board has approved a specific transaction or otherwise determines that disclosure is appropriate or required by law.

As the strategic review proceeds, the Roots management team remains dedicated to acting in the best interests of the company and to executing on its key objectives. Roots remains unwavering in its commitment to its customers, partners and employees in its continuing operations as the strategic review proceeds.

The company has engaged J.P. Morgan Securities Canada Inc. as its financial adviser and Torys LLP as its legal adviser for the strategic review.

Roots cautions that the engagement of financial and legal advisers should not be viewed as an indication that any specific process or transaction will be pursued. There can be no assurances that the strategic review will result in any specific action, transaction or agreement, or if a transaction is undertaken, as to its timing, completion or terms.

About Roots Corp.

Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States and an e-commerce platform. Roots has more than 100 partner-operated stores in Asia, and the company also operates a dedicated Roots-branded storefront on Tmall.com in China. The company designs, markets and sells a broad selection of products in different departments, including women's, men's, children's and gender-free apparel, leather goods, footwear and accessories. The company's products are built with uncompromising comfort, quality and style that allows you to feel At Home With Nature. Roots offers products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. The company also wholesales through business-to-business channels and licenses the brand to a select group of licensees selling products to major retailers. Roots is a Canadian corporation doing business as Roots and Roots Canada.

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