Herschel Segal enters into shareholders' agreement with Jane Silverstone Segal

    MONTREAL, Sept. 10 /CNW Telbec/ - Herschel Segal, founder and a director
of Le Château Inc. (TSX:CTU.A) ("Le Château") announced today that he has
entered into a shareholders' agreement with Jane Silverstone Segal, the
Chairman and Chief Executive Officer of Le Château, in respect of their
holdings in the Company. Among other matters, the shareholders' agreement
restricts each party's ability to dispose of Class A Shares or Class B Shares,
as applicable, of Le Château. In addition, pursuant to the shareholders'
agreement, each party has conferred upon the other certain rights of first
refusal and rights of first offer as detailed therein. The agreement also
requires the conversion of Class B Shares into Class A Shares by Mr. Segal in
the event of a sale of shares by him to a third party. A complete copy of the
shareholders' agreement has been filed with the Canadian securities regulatory
authorities on SEDAR and may be viewed under the Company's profile at
    Herschel Segal currently owns or controls, directly or indirectly 2,280
Class A subordinate voting shares, representing approximately 0.01% of such
class of shares and 4,400,000 Class B Shares, representing approximately 96.5%
of such shares. Mr. Segal may, in the ordinary course, acquire ownership or
control of additional shares or otherwise trade in securities of Le Château
for investment purposes.

For further information:

For further information: Johnny Del Ciancio, LE CHATEAU INC., (514)

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