Le Château announces approval of 4 for 1 stock split

    MONTREAL, June 27 /CNW Telbec/ - Le Château Inc. (TSX: CTU.A) announced
that at its annual shareholders meeting held earlier today, the shareholders
approved the split of the Class A subordinate voting shares and Class B voting
shares on a four-for-one basis. The record date for the split will be July 18,
2007 and, despite the statement in the management information circular to the
effect that shareholders will have to return their share certificates for
replacement certificates, additional shares will be issued to give effect to
the split. In accordance with the rules of the Toronto Stock Exchange, the
Class A subordinate voting shares and Class B voting shares will begin to
trade on an "as split" basis at the opening of business on July 16, 2007.
    In her comments to shareholders at the annual meeting, Le Château
Vice-Chairman and Chief Executive Officer, Jane Silverstone Segal stated that
2007 is off to a strong start. "All our divisions are performing well. For the
first 8 weeks of the second quarter, total retail sales have increased 18.2%
and same store sales have increased 13.1% over last year."


    Le Château is a leading Canadian brand in specialty retailing offering a
broad array of contemporary fashion apparel, accessories and footwear for
style-conscious women and men. The Le Château brand is synonymous with ageless
fashion at accessible prices and is sold exclusively through the Company's
204 retail locations, of which 199 are located in Canada and 5 in the New York
City area. The Company's outlets are primarily found in major urban shopping
malls, complemented with high pedestrian-traffic, street-front locations.
    The Company's 48-year tradition of vertical integration, a design and
manufacturing approach to retailing, makes it unique among Canadian fashion

    Forward-Looking Statements

    This news release may contain forward-looking statements relating to the
Company and/or the environment in which it operates that are based on the
Company's expectations, estimates and forecasts. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and/or are beyond the Company's control. A number of
factors may cause actual outcomes and results to differ materially from those
expressed. These factors include those set forth in other public filings of
the Company. Therefore, readers should not place undue reliance on these
forward-looking statements. In addition, these forward-looking statements
speak only as of the date made and the Company disavows any intention or
obligation to update or revise any such statements as a result of any event,
circumstance or otherwise.
    Factors which could cause actual results or events to differ materially
from current expectations include, among other things: the ability of the
Company to successfully implement its business initiatives and whether such
business initiatives will yield the expected benefits; competitive conditions
in the businesses in which the Company participates; changes in consumer
spending; general economic conditions and normal business uncertainty;
customer preferences towards product offerings; seasonal weather patterns;
fluctuations in foreign currency exchange rates; changes in the Company's
relationship with its suppliers; interest rate fluctuations and other changes
in borrowing costs; and changes in laws, rules and regulations applicable to
the Company.

For further information:

For further information: Emilia Di Raddo, CA, President, (514) 738-7000;
Johnny Del Ciancio, CA, Vice-President, Finance, (514) 738-7000; Maison
Brison: Rick Leckner, (514) 731-0000; Source: Le Château Inc.

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