Notice to Shareholders of Richelieu Regarding the Annual General Meeting of April 9, 2020

MONTREAL, April 1, 2020 /CNW Telbec/ - The management of Richelieu (RCH) wishes to confirm that its Annual General Meeting (AGM) scheduled for Thursday, April 9, 2020 will be held as planned at 10:30 a.m. However, in accordance with strict guidelines issued by the Government's Health Authorities and in light of the need for social distancing in respect of the COVID-19 virus, the Corporation respectfully asks its shareholders to refrain from attending the meeting in person this year.

As such, the shareholders are expected to participate in the AGM by voting by proxy, in advance of the meeting, by using one of the methods described in the management proxy circular sent to shareholders (which is also available at www.sedar.com).

If shareholders have any questions about voting, completing the proxy form, or about the meeting in general, please contact Computershare Trust Corporation of Canada at : 1(800) 564-6254, 1 [phone] and/or [e-mail].

Shareholders will be able to communicate with Richelieu's management team in two ways: 

• Submitting a question via [e-mail]. The corporation will arrange for the appropriate person to respond promptly; or
• Contacting Richelieu's investor relations department by submitting a question via [e-mail] or by visiting the Contact Us section of richelieu.com.

In addition, on the morning of Thursday, April 9, Richelieu's management will issue a press release on the results of its first quarter ended February 29, 2020. Shareholders will be able to find this press release by visiting www.sedar.com or www.newswire.ca/news-releases.

Richelieu will continue to monitor the COVID-19 situation closely and to comply strictly with all applicable health and safety guidelines issued by our Governments, as required to ensure that we take all steps necessary for critical business activities to continue safely and effectively. Richelieu takes its lead from national health authorities, who hold responsibility for nationwide coordination of pandemic response. We will continue to take all appropriate steps to ensure the safety of our employees, suppliers, contractors, customers, families and visitors.

PROFILE AS AT FEBRUARY 29, 2020

Richelieu is a leading North American distributor, importer and manufacturer of specialty hardware and complementary products. Its products are targeted to an extensive customer base of kitchen and bathroom cabinet, storage and closet, home furnishing and office furniture manufacturers, residential and commercial woodworkers, and hardware retailers including renovation superstores. Richelieu offers customers a broad mix of high-end products sourced from manufacturers worldwide. Its product selection consists of over 130,000 different items targeted to a base of more than 90,000 customers who are served by 82 centres in North America – 40 distribution centres in Canada, 40 in the United States and two manufacturing plants in Canada, specifically Cedan Industries Inc. which specializes in the manufacturing of a wide variety of veneer sheets and edgebanding products and Menuiserie des Pins Ltée which manufactures components for the window and door industry and a broad selection of decorative mouldings.

SOURCE Richelieu Hardware Ltd.

Antoine Auclair, Vice-President and Chief Financial Officer, Tel: [phone], www.richelieu.com