Mr. Mark Leon reports

LEON'S FURNITURE LIMITED - EXECUTIVE MANAGEMENT CHANGES

The board of directors of Leon's Furniture Ltd. has made the following changes to the company's executive management team, effective June 17, 2015:

• Terrence Leon will retain his title as chief executive officer of the corporation;
• Edward Leon will become the president and chief operating officer of the corporation;
• Dominic Scarangella will become executive vice-president and retain his title as chief financial officer of the corporation;
• Michael J. Walsh (formerly a vice-president at Canadian Tire Corp.) will join the corporation and will become the president for the Leon's division of the corporation;
• David Leon will become vice-president, information systems and controls, of the corporation;
• Graeme Leon will become vice-president, merchandising, for the Leon's division of the corporation;
• John Cooney will become vice-president, legal, and retain his title as secretary of the corporation.

After serious consideration, the company believes these changes will be very positive and beneficial to the overall strength of its organization. The company wishes to welcome Mr. Walsh to the Leon's team. It hopes that his efforts, and the efforts of all of the other associates involved in these changes, who have demonstrated a level of dedication, commitment and loyalty for many years, will lead to continued success for the corporation.

The company fully expects its unique corporate culture of respect, fairness and co-operation to not only continue as a result of these changes, but to grow even stronger.