Financial News Releases

Indigo Completes Arrangement with Trilogy

TORONTO, ON – May 31, 2024 – Indigo Books & Music Inc. (TSX:IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, and Trilogy Investments L.P. (“TILP”) are pleased to announce that they have successfully completed the previously announced transaction whereby TILP acquired all of the issued and outstanding shares of Indigo (the “Common Shares”) by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”).

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Indigo Receives Final Court Approval for Arrangement with Trilogy

TORONTO, ON – May 30, 2024 – Indigo Books & Music Inc. (TSX:IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, is pleased to announce that the Company has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously-announced plan of arrangement in accordance with the Business Corporations Act (Ontario) (the “Arrangement”).

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Indigo Shareholders Approve Arrangement with Trilogy

TORONTO, ON – May 27, 2024 – Indigo Books & Music Inc. (TSX:IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, is pleased to announce the voting results from its special meeting of shareholders conducted today (the “Meeting”) in connection with the proposed acquisition of Indigo by Trilogy Investments L.P. (“TILP”) by way of plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”).

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Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Indigo Shareholders Approve Arrangement with Trilogy

TORONTO, ON – May 14, 2024 – Indigo Books & Music Inc. (TSX:IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, is pleased to announce that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm that provides voting recommendations to shareholders and whose analyses and recommendations are relied upon by many major institutional investors, has released a report (the “ISS Report”) recommending that the Company’s shareholders (“Shareholders”) vote in favour of the proposed plan of arrangement with Trilogy Investments L.P. (“TILP”), whereby TILP will acquire the approximately 39.4% of the issued and outstanding common shares of Indigo that TILP, Trilogy Retail Holdings Inc. (together with TILP, “Trilogy”) and their respective affiliates and joint actors do not currently own for $2.50 per share in cash (the “Arrangement”), as announced on April 2, 2024.

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Indigo Announces Receipt of Interim Order in Respect of Proposed Arrangement with Trilogy and Provides Details of Shareholder Meeting

TORONTO, ON – April 30, 2024 – Indigo Books & Music Inc. (TSX:IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, is pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an interim order (the “Interim Order”) in connection with the previously announced statutory plan of arrangement under section 182 of the Business Corporations Act (Ontario), pursuant to which, subject to the satisfaction or waiver of all applicable conditions precedent, Trilogy Investments L.P. (“TILP”) will acquire the approximately 39.4% of the issued and outstanding common shares of Indigo that TILP, Trilogy Retail Holdings Inc. (“TRHI”, and together with TILP, “Trilogy”) and their respective affiliates and joint actors do not currently own (the “Minority Shares”) for $2.50 per share in cash (the “Arrangement”).

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INDIGO AGREES TO BE TAKEN PRIVATE BY TRILOGY AT $2.50 PER SHARE

Indigo enters into definitive agreement at increased offer price relative to initial proposal

Shareholders will receive $2.50 per share in cash, representing a premium of approximately 69% over Indigo’s unaffected closing price of $1.48 per share on the TSX on February 1, 2024 and a premium of approximately 56% over Indigo’s 20-day VWAP on such date

Transaction provides immediate and certain cash value to Minority Shareholders of Indigo

TORONTO, ON – April 2, 2024 – Indigo Books & Music Inc. (TSX: IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, announced today that, based on the unanimous recommendation of an independent committee of the board of directors of the Company (the “Special Committee”), it has entered into an arrangement agreement (the “Arrangement Agreement”) with Trilogy Investments L.P. (“TILP”) and Trilogy Retail Holdings Inc.

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Indigo Reports FY24 Third Quarter Results

TORONTO, ON – February 8, 2024 – Indigo Books & Music Inc. (TSX: IDG), Canada’s leading book and lifestyle retailer, reported financial results for the 13-week period ended December 30, 2023 compared to the 13-week period ended December 31, 2022.

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Indigo Confirms Receipt of Unsolicited Non-Binding Privatization Proposal

TORONTO, ON – February 1, 2024 – Indigo Books & Music Inc. (TSX: IDG) (“Indigo” or the “Company”), Canada’s leading book and lifestyle retailer, announced today that the Board of Directors of the Company (the “Board”) received a non-binding proposal from Trilogy Retail Holdings Inc.

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Indigo Reports FY24 Second Quarter Results

TORONTO, ON – November 7, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada's largest book, toy and lifestyle retailer, reported financial results for the 13-week period ended September 30, 2023 compared to the 13-week period ended October 1, 2022.

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Indigo Announces Key Appointments

Heather Reisman returns as Chief Executive Officer; Craig Loudon appointed Chief Operating Officer; Markus Dohle appointed Chair of the Board; and Eileen Naughton joins the Board TORONTO, ON – September 18, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada's largest book, toy and lifestyle retailer, today announced a number of leadership appointments as part of a drive to strengthen its brand focus and propel the Company toward growth and profitability.

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Leadership change at Indigo

TORONTO, ON – September 7, 2023 – Indigo Books & Music Inc.’s (TSX: IDG) Board of Directors today announces the resignation of its Chief Executive Officer, Peter Ruis, thanks him for his contributions to the Company and wishes him well as he moves on to new challenges in his career. Peter has agreed to serve Indigo as a consultant for the next two months to support a smooth transition in leadership.

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Indigo Announces Voting Results from 2023 Annual Shareholders’ Meeting

TORONTO, ON – August 22, 2023 – Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book and lifestyle retailer, held its Annual Meeting of Shareholders today and announced the voting results for its board of directors.

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Indigo Reports FY24 First Quarter Results

TORONTO, ON – August 10, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada’s leading book and lifestyle retailer, reported financial results for the 13-week period ended July 1, 2023 compared to the 13-week period ended July 2, 2022.

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INDIGO REPORTS FY23 FULL-YEAR RESULTS AND PROVIDES UPDATE ON RANSOMWARE ATTACK

TORONTO, ON – June 27, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada’s leading book and lifestyle retailer, reported financial results for the 52-week period ended April 1, 2023 compared to the 52-week period ended April 2, 2022.


INDIGO ANNOUNCES RETIREMENT OF HEATHER REISMAN AND DIRECTOR CHANGES

TORONTO, ON – June 7, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, announces that Heather Reisman will be retiring and stepping down as Executive Chair and as a director of Indigo, effective August 22, 2023.


INDIGO REPORTS FY23 THIRD QUARTER FINANCIAL RESULTS - INDIGO DELIVERS Q3 NET EARNINGS OF $34.3M AND ADJUSTED EBITDA OF $40.8M

TORONTO, ON – February 9, 2023 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, reported financial results for the 13-week period ended December 31, 2022 compared to the 13-week period ended January 1, 2022.


INDIGO REPORTS FY23 SECOND QUARTER FINANCIAL RESULTS - INDIGO DELIVERS STRONG SALES, FUELED BY THE GENERAL MERCHANDISE BUSINESS WHICH ACHIEVED RECORD REVENUE OUTSIDE OF A HOLIDAY SALES QUARTER

TORONTO, ON – November 9, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, reported financial results for the 13-week period ended October 1, 2022 compared to the 13-week period ended October 2, 2021.


INDIGO ANNOUNCES CEO AND PRESIDENT SUCCESSION – HEATHER REISMAN APPOINTED EXECUTIVE CHAIR; PETER RUIS APPOINTED CHIEF EXECUTIVE OFFICER; ANDREA LIMBARDI APPOINTED PRESIDENT

TORONTO, ON – September 6, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, announced that its Board has approved leadership changes within the organization effective September 5, 2022. Heather Reisman, Indigo’s founder & Chief Executive Officer, has been appointed Executive Chair; Peter Ruis, Indigo’s President, will assume the role of Chief Executive Officer, and Andrea Limbardi, Indigo’s Chief Customer and Digital Officer, has been appointed President.


INDIGO REPORTS FY23 FIRST QUARTER FINANCIAL RESULTS – INDIGO DELIVERS STRONG SALES AND CONTINUES INVESTMENT IN OMNICHANNEL STRATEGY TO FUEL FUTURE GROWTH

TORONTO, ON – August 10, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, reported financial results for the 13-week period ended July 2, 2022 compared to the 13-week period ended July 3, 2021.


INDIGO ANNOUNCES VOTING RESULTS FROM 2022 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – July 19, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, held its Annual and Special Meeting of Shareholders today and announced the voting results for its board of directors.

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INDIGO REPORTS FY22 FULL YEAR RESULTS – INDIGO DELIVERS $1.06 BILLION IN SALES AND RETURNS TO PROFITABILITY

TORONTO, ON – June 2, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer reported financial results for the 52-week period ended April 2, 2022 compared to the 53-week period ended April 3, 2021.

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INDIGO REPORTS FY22 THIRD QUARTER RESULTS – INDIGO DELIVERS DOUBLE-DIGIT SALES GROWTH, EXCEEDING PRE-PANDEMIC LEVELS AND DRIVING A 47% INCREASE IN YEAR-OVER-YEAR NET EARNINGS

TORONTO, ON – February 10, 2022 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer reported financial results for the 13-week period ended January 1, 2022 compared to the 13-week period ended December 26, 2020.

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INDIGO REPORTS FY22 SECOND QUARTER RESULTS – INDIGO DELIVERS STRONG OMNICHANNEL SALES MEANINGFULLY BEATING LAST YEAR AND PRE-COVID 2ND QUARTER RESULTS

TORONTO, ON – November 9, 2021 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer reported financial results for the 13-week period ended October 2, 2021 compared to the 13-week period ended September 26, 2020.

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INDIGO REPORTS FY22 FIRST QUARTER RESULTS – INDIGO EMERGING FROM THE PANDEMIC WITH A +27% REVENUE REBOUND DESPITE PROTRACTED COVID-19 RELATED STORE CLOSURES INCLUDING IN ITS LARGEST MARKET – ONTARIO.

TORONTO, ON – August 12, 2021 – Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book and lifestyle retailer reported financial results for the 13-week period ended July 3, 2021 compared to the 13-week period ended June 27, 2020.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2021 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – July 15, 2021 – Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book and lifestyle retailer, held its Annual Shareholders’ Meeting today and announced the voting results for its board of directors.

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INDIGO REPORTS FY21 FULL YEAR RESULTS – EXCEPTIONAL ONLINE GROWTH OF +127% DRIVES INDIGO’S DIGITAL TRANSFORMATION

TORONTO, ON – June 1, 2021 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer reported financial results for the 53-week period ended April 3, 2021 compared to the 52-week period ended March 28, 2020.

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INDIGO REPORTS FISCAL 2021 THIRD QUARTER FINANCIAL RESULTS – EXCEPTIONAL HOLIDAY SALES MOMENTUM DAMPENED BY GOVERNMENT MANDATED RETAIL CLOSURES AND CAPACITY RESTRICTIONS

TORONTO, ON – February 4, 2021 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book and lifestyle retailer, reported third quarter financial results.

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INDIGO APPOINTS PETER RUIS AS PRESIDENT

TORONTO, ON – February 1, 2021 – Today, Indigo (TSX: IDG) Canada’s largest book and lifestyle retailer, announced the appointment of Peter Ruis to the position of President, effective immediately.

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INDIGO APPOINTS DR. CHIKA STACY ORIUWA TO BOARD OF DIRECTORS

TORONTO, ON – November 4, 2020 – Today, Indigo (TSX: IDG) is pleased to announce the appointment of Dr. Chika Stacy Oriuwa, MD, MSc (Systems Leadership and Innovation), to its Board of Directors.

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INDIGO REPORTS FISCAL 2021 SECOND QUARTER FINANCIAL RESULTS – YEAR-OVER-YEAR REVENUE GROWTH DRIVEN BY EXCEPTIONAL E-COMMERCE RESULTS, RETAIL’S CONTINUED RECOVERY AND SUCCESS OF PAID MEMBERSHIP PROGRAM

TORONTO, ON – November 3, 2020 – Indigo (TSX: IDG), Canada’s largest book and lifestyle retailer announces its second quarter results. Revenue for the second quarter ended September 26, 2020 was $205.3 million compared to revenue of $203.4 million in the same period last year, an increase of $1.9 million.

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INDIGO HOLDS 2020 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – August 18, 2020 – Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book, gift and specialty toy retailer today held its Annual Shareholders’ Meeting and announced the voting results for its board of directors.

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INDIGO REPORTS FISCAL 2021 FIRST QUARTER FINANCIAL RESULTS – EXCEPTIONAL GROWTH IN ONLINE BUSINESS BLUNTS IMPACT OF COAST TO COAST MANDATED STORE CLOSURES

TORONTO, ON – August 6, 2020 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, reported first quarter financial results and provided an update on recent developments related to the COVID-19 global pandemic.

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INDIGO REPORTS FY20 FULL YEAR RESULTS: PROGRESS ON REPOSITIONING DISRUPTED BY COVID-19

TORONTO, ON – June 23, 2020 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, today announced financial results for the year ended March 28, 2020. In addition, the Company provided an update on recent developments related to the COVID-19 global pandemic.

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INDIGO PROVIDES BUSINESS UPDATE ON COVID-19 PANDEMIC

TORONTO, ON – April 13, 2020 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, announced an update on operational decisions made in response to the COVID-19 pandemic.

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INDIGO TO TEMPORARILY CLOSE ALL RETAIL LOCATIONS UNTIL MARCH 27, 2020

TORONTO, ON – March 17, 2020 – Indigo Books & Music Inc. (TSX: IDG), today announced that all of its retail locations will temporarily close at the end of business today until March 27, 2020 in response to the COVID-19 (coronavirus) pandemic.

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INDIGO REPORTS THIRD QUARTER FISCAL 2020 FINANCIAL RESULTS – FOCUS ON PROFITABILITY DRIVES NET EARNINGS GROWTH OF 20%

TORONTO, ON – February 6, 2020 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue for the third quarter of $383.7 million. This compares with revenue of $426.0 million for the same period last year.

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INDIGO REPORTS SECOND QUARTER FINANCIAL RESULTS FOR 2020 FISCAL YEAR

TORONTO, ON – November 6, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported total comparable sales decline of 8.0% for the second quarter of its current 2020 fiscal year, including both online sales and comparable store sales.

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INDIGO REPORTS FIRST QUARTER FINANCIAL RESULTS

TORONTO, ON – August 13, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported total comparable sales decline of 7.6% for the first quarter of its current 2020 fiscal year, including both online sales and comparable store sales.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2019 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – July 11, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual and Special Meeting held on July 11, 2019 in Toronto. The total number of shares represented in person or by proxy at the meeting was 25,249,159 representing 93.05% of Indigo’s issued and outstanding Common Shares.

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INDIGO REPORTS FULL YEAR RESULTS FOR FISCAL 2019

TORONTO, ON – May 28, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $1.05 billion for its fiscal year ended March 30, 2019. Total revenue decreased by $32.8 million or 3.0% compared to the previous year. Total comparable sales, including both online sales and comparable store sales, decreased by 1.1%.

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INDIGO APPOINTS KIRSTEN CHAPMAN AS PRESIDENT, GIL DENNIS AS CHIEF OPERATING OFFICER, AND NATHAN WILLIAMS, FOUNDER OF KINFOLK, AS CHIEF CREATIVE OFFICER

TORONTO, ON – May 28, 2019 – Indigo Books & Music Inc. (TSX: IDG), the world’s first cultural department store for booklovers, is pleased to announce the promotions of Kirsten Chapman to President and Gil Dennis to Chief Operating Officer, effective immediately, and the appointment of Nathan Williams as Chief Creative Officer, effective June 3, 2019.

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INDIGO REPORTS THIRD QUARTER FINANCIAL RESULTS: FLAT COMPARABLE SALES DESPITE AGGRESSIVE TRANSFORMATION PROGRAM AND POSTAL DISRUPTIONS

TORONTO, ON – February 5, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, reported flat total comparable sales growth for the third quarter of its current 2019 fiscal year.

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INDIGO ANNOUNCES CFO TRANSITION

TORONTO, ON – January 7, 2019 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer has today announced the forthcoming departure of Mr. Hugues Simard, the company’s Chief Financial Officer, and the appointment of Mr. Craig Loudon, Indigo’s Executive Vice President and Chief Supply Chain Officer, as his successor effective February 5, 2019.

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INDIGO REPORTS SECOND QUARTER FINANCIAL RESULTS: COMPARABLE SALES GROWTH AND CONTINUED AGGRESSIVE INVESTMENT PROGRAM

TORONTO, ON – November 6, 2018 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported total comparable sales growth of 0.7% for the second quarter of its current 2019 fiscal year, including both online sales and comparable store sales.

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INDIGO REPORTS FIRST QUARTER FINANCIAL RESULTS: AGGRESSIVE INVESTMENT PROGRAM AND COMPARABLE SALES GROWTH OF 2.4%

TORONTO, ON – August 7, 2018 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported total comparable sales growth of 2.4% for the first quarter of its current 2019 fiscal year, including both online sales and comparable store sales.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2018 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – July 17, 2018 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual Meeting held on July 17, 2018 in Toronto. The total number of shares represented in person or by proxy at the meeting was 25,534,245 representing 95.25% of Indigo’s issued and outstanding Common Shares.

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INDIGO REPORTS FULL YEAR RESULTS: RECORD REVENUES AND IMPRESSIVE COMPARABLE GROWTH OF 6.2%

TORONTO, ON – May 29, 2018 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $1,079.4 million for its fiscal year ended March 31, 2018.

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INDIGO REPORTS Q3 RESULTS: STRONG HOLIDAY SEASON DRIVING 8.2% REVENUE GROWTH

TORONTO, ON – February 6, 2018 – For the third quarter ended December 30, 2017, Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, delivered its highest ever quarterly revenues and a 17th straight quarter of topline comparable growth.

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INDIGO REPORTS Q2 RESULTS: CONTINUED STRONG REVENUE GROWTH OF 3.5% 16 QUARTERS OF CONSECUTIVE QUARTERLY REVENUE GROWTH

TORONTO, ON – November 1, 2017 – For the second quarter ended September 30, 2017, Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, delivered a 16th straight quarter of topline comparable growth to achieve its highest ever second-quarter revenue.

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INDIGO REPORTS Q1 RESULTS: HIGHEST EVER Q1 REVENUE & IMPRESSIVE EARNINGS GROWTH

TORONTO, ON – August 8, 2017 – For the first quarter ended July 1, 2017, Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, delivered a 15th straight quarter of topline comparable growth to achieve its highest ever first-quarter revenue and positive adjusted EBITDA.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2017 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – July 17, 2017 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual Meeting held on July 17, 2017 in Toronto.

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INDIGO REPORTS FULL YEAR RESULTS: RECORD REVENUES AND IMPRESSIVE EARNINGS GROWTH

TORONTO, ON – May 30, 2017 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $1,020 million for its fiscal year ended April 1, 2017. Total revenue increased by $26 million or 2.6% compared to the previous year which was a 53-week reporting period.

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INDIGO REPORTS Q3 RESULTS: CONTINUED STRONG REVENUE GROWTH OF 4.5%

TORONTO, ON – February 7, 2017 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 4.5% growth in revenue for its third quarter ended December 31, 2016.

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INDIGO ANNOUNCES CFO'S PENDING DEPARTURE AND APPOINTMENT OF INTERM SUCCESSOR

TORONTO, ON – January 9, 2017 – Indigo Books & Music Inc. (TSX: IDG), Canada's largest book, gift and specialty toy retailer has today announced the forthcoming departure of Ms. Laura Carr, the company’s Chief Financial Officer.

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INDIGO REPORTS Q2 RESULTS: CONTINUED STRONG REVENUE GROWTH OF 5.4%

THREE YEARS OF QUARTERLY REVENUE GROWTH

TORONTO, ON – November 8, 2016 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 5.4% growth in revenue for its second quarter ended October 1, 2016.

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INDIGO REPORTS Q1 RESULTS – STRONG REVENUE GROWTH CONTINUES

SAME STORE SALES GROW BY 7.7%

TORONTO, ON - August 9, 2016 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 4.4% growth in revenue for its first quarter ended July 2, 2016.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2016 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON - July 6, 2016 - Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual and Special Meeting held on July 6, 2016 in Toronto. The total number of shares represented in person or by proxy at the meeting was 21,792,160 representing 84.26% of Indigo’s issued and outstanding Common Shares.

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INDIGO REPORTS FULL YEAR RESULTS: IMPRESSIVE GROWTH IN REVENUE AND PROFIT

COMPARABLE SUPERSTORE SALES GROW BY 12.8% AND ONLINE SALES GROW BY 15.3%

TORONTO, ON - May 31, 2016 - Indigo Books & Music Inc (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $994 million for its fiscal year ended April 2, 2016. Total revenue increased by $99 million or 11% compared to the previous year despite operationg seven fewer stores.

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INDIGO REPORTS IMPRESSIVE THIRD QUARTER:SAME STORE SALES GROW BY 15.1%

ONLINE SALES GROW BY 17.9%EARNINGS IMPROVE BY $19.8M

TORONTO, ON - February 2, 2016 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 12.9% growth in revenue for its third quarter ended December 26, 2015, marking Indigo’s ninth consecutive quarter of growth.

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INDIGO REPORTS Q2 RESULTS: EXCEPTIONAL REVENUE GROWTH AND IMPROVED PROFITABILITY

COMP SUPERSTORE SALES GROW BY 13.6%ONLINE SALES GROW BY 14.2%

TORONTO, ON - November 3, 2015 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 8.8% growth in revenue for its second quarter ended September 26, 2015.

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INDIGO REPORTS Q1 RESULTS – 7TH CONSECUTIVE QUARTER OF REVENUE GROWTH

COMP SUPERSTORE SALES GROW BY 5.3% AND ONLINE SALES GROW BY 18.2%

TORONTO, ON – August 4, 2015 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 2.3% growth in revenue for its first quarter ended June 27, 2015.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2015 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – June 30, 2015 – Indigo Books & Music Inc. (TSX:IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual Meeting held on June 29, 2015 in Toronto. The total number of shares represented in person or by proxy at the meeting was 21,451,869 representing 84.14% of Indigo’s issued and outstanding Common Shares.

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INDIGO REPORTS FULL YEAR RESULTS STRONG REVENUE GROWTH IMPROVED PROFITABILITY

COMPARABLE SUPERSTORE SALES GROW BY 6.8% AND ONLINE SALES GROW BY 11.8%

TORONTO, ON – May 26, 2015 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $895.4 million for its fiscal year ended March 28, 2015.

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INDIGO REPORTS $24.5M IMPROVEMENT IN Q3 NET EARNINGS

COMPARABLE SUPERSTORE SALES GROW BY 5.5% AND ONLINE SALES GROW BY 10.6%

TORONTO, ON – February 3, 2015 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue for the quarter ended December 27, 2014 of $339.4 million, up $7.0 million from last year, despite operating five fewer superstores and one less small format store.

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INDIGO REPORTS Q2 TOTAL REVENUES UP IN ALL CHANNELS

COMPARABLE SUPERSTORE SALES GROW BY 9.6%

TORONTO, ON – November 4, 2014 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue for the quarter ended September 27, 2014 of $189.0 million, up $9.6 million from last year, despite operating four fewer superstores and two fewer small format stores.

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INDIGO REPORTS Q1 TOTAL REVENUES UP 5.4%COMPARABLE SUPERSTORE SALES GROW BY 8.3%

TORONTO, ON – August 5, 2014 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 5.4% growth in revenue for its first quarter ended June 28, 2014.

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INDIGO TO RELEASE FIRST QUARTER FINANCIAL RESULTS AND HOLD ANALYST CONFERENCE CALL ON AUGUST 5

TORONTO, ON – July 30, 2014 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer announces the commencement of quarterly analyst/investor calls following the release of its quarterly financial results. The first call will be held in connection with the financial results for Indigo’s first quarter of fiscal 2015.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2014 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – June 27, 2014 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual Meeting held on June 26, 2014 in Toronto. The total number of shares represented in person or by proxy at the meeting was 21,417,016 representing 84.66% of Indigo’s issued and outstanding Common Shares.

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INDIGO ANNOUNCES APPOINTMENT OF NEW CFO

TORONTO, ON – June 2, 2014 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer has announced the appointment of Ms. Laura Carr, Senior Vice President, Finance to the position of Executive Vice President and Chief Financial Officer, effective June 25th, 2014. Ms. Carr, who has been with Indigo since November, 2013 succeeds outgoing CFO, Ms. Kay Brekken, who has accepted a position outside the Company.

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INDIGO REPORTS FULL YEAR RESULTSACCELERATES TRANSFORMATION

TORONTO, ON – May 27, 2014 - Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $868 million for its fiscal year ended March 29, 2014.

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INDIGO REPORTS Q3 REVENUE UP 3.0%ONLINE REVENUES AT RECORD LEVEL, SIGNIFICANT GROWTH IN GENERAL MERCHANDISE

TORONTO, ON – February 4, 2014 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported 3.0% growth in revenue for its third quarter ended December 28, 2013.

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INDIGO REPORTS Q2 RESULTS

EARLY SUCCESS IN TRANSFORMATION STRATEGY DRIVES CHANGE IN DIVIDEND POLICY

TORONTO, ON – November 5, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $179.4 million for its second quarter ending September 28, 2013.

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INDIGO REPORTS Q1 RESULTS

ANNOUNCES LAUNCH OF !NDGIOTECH™ AND POPPIN™ INDIGO NAMED TOP RETAIL EMPLOYER BRAND

TORONTO, ON – August 7, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported revenue of $171.5 million for its first quarter ending June 29, 2013.

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INDIGO ANNOUNCES VOTING RESULTS FROM 2013 ANNUAL SHAREHOLDERS’ MEETING

TORONTO, ON – June 26, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the voting results from its Annual Meeting held on June 25, 2013 in Toronto. The total number of shares represented in person or by proxy at the meeting was 21,315,169 representing 84.26% of Indigo’s issued and outstanding Common Shares.

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INDIGO FULL YEAR RESULTS SHOW SOLID MARGIN IMPROVEMENT - IMPROVED NET EARNINGS FROM CONTINUING OPERATIONS

TORONTO, ON – May 28, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported full year gross profit $2.7 million higher than last year due to a 2.2% improvement in margin rate.

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INDIGO ANNOUNCES QUARTERLY DIVIDEND

TORONTO, ON – April 29, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer announced that the Board of Directors today approved a quarterly dividend of 11 cents per common share to be paid on May 30th, 2013 to all shareholders of record as of May 14th, 2013.

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INDIGO Q3 RESULTS REFLECT STRONG MARGIN IMPROVEMENTS — IMPROVED NET EARNINGS, GROWTH IN ONLINE, INCREASED INVESTMENT TO ACCELERATE TRANSFORMATION

TORONTO, ON – February 5, 2013 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 4.9% decrease in net revenue for its third quarter ending December 29, 2012.

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INDIGO Q2 RESULTS REFLECT STRONG MARGIN AND PRODUCTIVITY IMPROVEMENTS — PLUM REWARDS MEMBERSHIP TOPS 5 MILLION CUSTOMERS

TORONTO, ON – November 6, 2012 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 5.9% decrease in net revenue for its second quarter ending September 29, 2012.

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INDIGO FIRST QUARTER RESULTS IMPROVED SIGNIFICANTLY

TORONTO, ON – August 8, 2012 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 0.8% decrease in net revenue for its first quarter ending June 30, 2012.

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INDIGO ISSUES CORRECTION TO YEAR-END PRESS RELEASE

TORONTO, ON – May 29, 2012 – Indigo Books & Music Inc. announces a correction to its press release issued this afternoon at 4:01 pm (Eastern Time), entitled "Indigo Reports Record Net Earnings".

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INDIGO REPORTS RECORD NET EARNINGS

TORONTO, ON – May 29, 2012 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 2.3% decline in revenue for its fiscal year ended March 31, 2012. Revenue for the year was $934 million compared to $956 million last year.

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INDIGO ANNOUNCES CORRECTION TO DIVIDEND PRESS RELEASE

TORONTO, ON – May 22, 2012 – In the news release dated April 23, 2012, Indigo Books & Music Inc. (TSX:IDG) declared a monthly cash dividend of $0.11 cents per common share payable on May 23, 2012, to shareholders of record on May 8, 2012. Today the Company announced that the correct date of payment is Thursday, May 24, 2012. The record date of May 8, 2012, as noted in the original press release, is correct.

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INDIGO ANNOUNCES QUARTERLY DIVIDEND

TORONTO, ON - April 23, 2012 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer announced that the Board of Directors today approved a quarterly dividend of 11 cents per common share to be paid on May 23rd, 2012, to all shareholders of record as of May 8th, 2012.

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INDIGO REVENUE UP IN THIRD QUARTER

TORONTO, ON – February 8, 2012 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 0.5% growth in revenue for its third quarter ending December 31, 2011.

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INDIGO ANNOUNCES COMPLETION OF KOBO SALE

TORONTO, ON – January 11, 2012 – Indigo Books & Music Inc. (TSX:IDG) ("Indigo"), Canada’s largest book, gift and specialty toy retailer, announced today the completion of the sale of all outstanding shares of Kobo Inc. (“Kobo”) to Rakuten, Inc. (JASDAQ:4755) ("Rakuten") for US$315M following the satisfaction of all closing conditions, including approval under the Investment Canada Act.

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INDIGO ANNOUNCES AGREEMENT FOR KOBO TO BE ACQUIRED BY RAKUTEN

TORONTO, ON – Tuesday, November 8, 2011 – Indigo Books & Music Inc. (TSX: IDG) (“Indigo”), Canada’s largest book, gift and specialty toy retailer, and Rakuten, Inc. (JASDAQ:4755) (“Rakuten”), one of the world’s leading Internet service companies, announced today that Rakuten has agreed to acquire all of the outstanding shares of Kobo Inc. ("Kobo") on a fully diluted basis for US$315 million.

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INDIGO Q2 CONSOLIDATED REVENUE UP 1.7% — INDIGO AGREES TO SELL KOBO TO RAKUTEN

TORONTO, ON – Tuesday, November 8, 2011 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 1.7% increase in net revenue for its second quarter ending October 1, 2011. Revenue for the quarter was $218.5 million, up $3.7 million from last year driven by growth in the digital, gift, lifestyle and toy businesses.

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INDIGO DIGITAL BUSINESS GROWS 170% — CORE BUSINESS IN TRANSITION

TORONTO, ON – Tuesday, August 9, 2011 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 1.1% decrease in net revenue for its first quarter ending July 2, 2011.

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INDIGO CROSSES BILLION DOLLAR MARK — GROWS REVENUES BY 5%

TORONTO, ON – Tuesday, May 31, 2011 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 5% increase in revenue for its fiscal year ending April 2, 2011.

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INDIGO MAINTAINS MAJORITY OWNERSHIP AS KOBO CLOSES $50 MILLION INVESTMENT ROUND

TORONTO, ON – Tuesday, April 19, 2011 – Indigo Books & Music Inc. today announced the final closing of the series C investment round for Kobo Inc. Indigo contributed $13 million of the $50 million in financing with the balance contributed by leading institutional investors, as well as current Kobo investor Cheung Kong Holdings.

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INDIGO BOOKS & MUSIC INC. APPOINTS NEW PRESIDENT, CFO

TORONTO, ON – March 22nd, 2011 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer today announced the appointment of veteran retailer and current Indigo Board member Tedford G. Marlow to the position of President effective April 1st.

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INDIGO Q3 REVENUE UP 14%; DIGITAL BUSINESS GROWS RAPIDLY

TORONTO, ON – February 8, 2011 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 14% growth in revenue for its third quarter ending January 1, 2011.

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INDIGO Q2 REVENUE UP 3.8%; DIGITAL AND LIFESTYLE BUSINESSES GROW RAPIDLY

TORONTO, ON – November 9, 2010 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 3.8% growth in revenue for its second quarter ending October 2, 2010.

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INDIGO Q1 REVENUE UP 5.5 %; DIGITAL BUSINESS GROWS RAPIDLY

TORONTO, ON – August 9, 2010 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 5.5% growth in revenue for its first quarter ending July 3, 2010.

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INDIGO FISCAL-YEAR EARNINGS UP 14%: REVENUE RISES 3.0%

TORONTO, ON – May 31, 2010 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 14% increase in net earnings for its fiscal year ending April 3, 2010.

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INDIGO INCREASES DIVIDEND BY 10%

TORONTO, ON – April 19, 2010 – The Board of Directors of Indigo Books & Music Inc. today approved a 10% increase in the Company’s quarterly dividend, raising it from 10 cents to 11 cents per common share.

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INDIGO NET EARNINGS UP 29% FOR KEY HOLIDAY QUARTER

TORONTO, ON – January 25, 2010 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer reported a 29% increase in net earnings for its third quarter ending December 26, 2009.

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INDIGO SPINS OFF SHORTCOVERS TO LAUNCH KOBO

TORONTO, ON – December 15, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, announced today the transfer of all the assets of Shortcovers, its digital reading initiative, into a new company, Kobo (KOBOBOOKS.COM).

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INDIGO ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, ON – October 27, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, announced today that, subject to final acceptance of its notice of intention by the Toronto Stock Exchange, Indigo intends to make a normal course issuer bid ("NCIB").

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INDIGO Q2 REVENUE UP 1%

TORONTO, ON – October 26, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, reported a 1% increase in revenue for its second quarter ending September 26, 2009.

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INDIGO Q1 REVENUE UP 1.6%

TORONTO, ON – July 30, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, reported a 1.6% increase in revenue for its first quarter ending June 27, 2009.

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INDIGO Q4 REVENUE UP 4.0%

TORONTO, ON – May 22, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, reported a 4.0% increase in revenue for its fourth quarter ending March 28, 2009.

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INDIGO Q3 REVENUE UP 2.3%

TORONTO, ON - January 27, 2009 – Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book retailer, reported a 2.3% increase in revenue for its third quarter ending December 27, 2008.

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