Canadian Tire

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Canadian Tire Corporation

February 23, 2024

TORONTO, Feb. 23, 2024 – Canadian Tire Corporation, Limited (“CTC”) and Attabotics Inc. (“Attabotics”) have entered into a confidential full and final settlement in relation to litigation that Attabotics initiated against CTC in May 2023 before the Ontario Superior Court pertaining to a fire on March 15, 2023 at CTC’s A.J. Billes Distribution Centre located at 8550 Goreway Drive in Brampton, Ontario (“DC Fire”). CTC defended Attabotics’ claim and counterclaimed against Attabotics, seeking damages in respect of the DC Fire.

The A.J. Billes Distribution Centre services Canadian Tire retail stores nationally. Attabotics designed and produced an automated storage and retrieval system that was used in the A.J. Billes Distribution Centre.

Remediation efforts and investigation into the cause and origin of the DC Fire have been underway since March 2023. No findings have been made with respect to the cause and origin of the DC Fire.

ABOUT CANADIAN TIRE CORPORATION

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands. The Company's close to 1,700 retail and gasoline outlets are supported and strengthened by CTC's Financial Services division and the tens of thousands of people employed across Canada and around the world by CTC and its local dealers, franchisees and petroleum retailers. In addition, CTC owns and operates Helly Hansen, a leading technical outdoor brand based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

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