Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that it has priced an offering (the "Offering") of $750 million aggregate principal amount of fixed rate senior unsecured notes to be issued in two series, consisting of $375 million aggregate principal amount of 3.940% senior unsecured notes due July 25, 2031 (the "2031 Notes") and $375 million aggregate principal amount of 4.576% senior unsecured notes due April 2, 2036 (the "2036 Notes", and together with the 2031 Notes, the "Notes").

The Notes are being offered through an agency syndicate consisting of RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Capital Markets and Scotia Capital Inc., as Joint Bookrunners, and TD Securities Inc., Desjardins Securities Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc. and Casgrain & Company Limited. The Offering is expected to close on or about April 2, 2026, subject to customary closing conditions.

The Corporation intends to use the net proceeds of the Offering to repay the $375 million aggregate principal amount of the Corporation's outstanding 1.871% fixed rate senior unsecured notes due July 8, 2026 which will be repaid in full at maturity, to fund capital expenditure initiatives and for general corporate purposes.

The Notes will be direct unsecured obligations of Dollarama and will rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama. The Notes have been assigned a provisional rating of BBB (high), with a stable trend, by DBRS Limited, and are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

Forward-Looking Statements

About Dollarama

Founded in 1992 and headquartered in Montréal, Québec, Canada, Dollarama (TSX: DOL) is a leading Canadian value retailer with international reach with more than 2,800 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.

Dollarama operates more than 1,700 stores in Canada with a presence in all ten provinces and two territories. In Australia, Dollarama operates the country's largest discount retail chain, The Reject Shop, with a national network of over 400 stores. Dollarama is also the majority shareholder, through its equity-accounted investments, in Latin American value retailer Dollarcity which has more than 700 stores located in Colombia, El Salvador, Guatemala, Mexico and Peru. For more information, go to www.dollarama.com.

SOURCE Dollarama Inc.

SOURCE: Dollarama Inc.

For further information: Investors: Patrick Bui, Chief Financial Officer, (514)
737-1006 x1237, patrick.bui@dollarama.com; Media: Lyla Radmanovich, PELICAN PR, (514)
845-8763, media@rppelican.ca

COMTEX_476333976/2197/2026-03-31T22:15:00