Indigo Enters Into Automatic Share Repurchase Plan



    TORONTO, June 26 /CNW/ - Indigo Books & Music Inc. (TSX: IDG), Canada's
largest book retailer, announced today that it has entered into a pre-defined
plan with a designated broker to allow for the repurchase of its common shares
under its previously announced normal course issuer bid at times when Indigo
ordinarily would not be active in the market due to its own internal trading
blackout periods, insider trading rules or otherwise.

    Forward-Looking Statements

    Statements contained in this news release that are not historical facts
are forward-looking statements which involve risk and uncertainties that could
cause results to differ materially from those expressed in the forward-looking
statements. Among the key factors that could cause such differences are:
general economic, market or business conditions in Canada; competitive actions
by other companies; changes in laws or regulations; and other factors, many of
which are beyond the control of Indigo.

    About Indigo Books & Music Inc.

    Indigo is a Canadian company and the largest book retailer in Canada,
operating bookstores in all provinces under the names Indigo Books Music &
more, Chapters, The World's Biggest Bookstore and Coles. Indigo operates
chapters.indigo.ca, an online retailer of books, music, movies and more. It is
a publicly traded company listed on the Toronto Stock Exchange under the stock
symbol IDG.
    In 2004, Indigo founded the Indigo Love of Reading Foundation, a
registered charity whose mission is to provide new books and creative learning
materials to high-needs elementary schools, enhancing the literacy and
self-esteem of students in Canada. Visit chapters.indigo.ca/loveofreading for
more information.




For further information:

For further information: Janet Eger, Director, Public Relations, (416)
342-8561, jeger@indigo.ca


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