REXALL HEALTH NAMES JÜRGEN SCHREIBER CEO

May 28, 2015 EDMONTON – Daryl Katz, Chairman of Katz Group, today announced the appointment of Jürgen Schreiber as CEO of Rexall Health, a newly-established banner under which all of Katz Group's health-related companies will operate. Mr. Schreiber will join the company in August 2015.

Rexall Health includes the following independently-operated businesses:

Rexall/Rexall Pharma Plus, a leading Canadian retail pharmacy chain with a dynamic history of innovation and growth, operating under the 100 year old Rexall™ banner. The chain employs over 8,600 people at more than 460 locations across Canada;

Medicentres Canada, a group of family health care clinics where family physicians and specialists practice in order to bring comprehensive, quality and accessible health care services to individuals and families in the communities of Edmonton, Calgary, London and Windsor; and

Claimsecure, Inc. an industry-leading healthcare management and technology firm that has been providing customized, value added health benefit claims management and plan administrative services to Canadian corporations and other health benefit plan sponsors for over 30 years.

Mr. Schreiber is a highly accomplished executive with deep experience in the global retail pharmacy, health and beauty sectors, including four years as President and CEO of Canadian retailer Shoppers Drug Mart from 2007 to 2011. Prior to joining Katz Group, Schreiber served for four years as President and CEO of Edcon Group, the largest non-food retailer in South Africa, with 1,400 stores and approximately 20,000 employees across Africa.  Prior to these appointments, Schreiber spent many years establishing himself as an innovative and accomplished retail and FMCG (Fast Moving Consumer Goods) executive in multi-national businesses based in Europe and Asia, operating in over 23 countries.

"Jurgen has been a consultant to our health-related businesses for the past two years as a member of our advisory board. We know first-hand that he brings world-class expertise, deep knowledge of the Canadian health and pharmacy sector, and a track record of success," said Katz Group Founder and Chairman, Daryl Katz. "We consider ourselves very fortunate to welcome him to the Katz Group in this new role."

"I have great admiration for what Daryl and the team at Rexall have built, and I'm very excited by the opportunity to help grow this exceptional business," said Mr. Schreiber. "I was attracted by Rexall's obvious strength in the Canadian market, its innovative approach of providing a broad array of health care and related services to its customers and patients, and the very significant growth opportunities in the evolving Canadian marketplace. Bringing the Katz Group's other health-related businesses under the Rexall Health banner creates additional growth opportunities to bundle services to meet the needs of our customers."

Schreiber holds a Masters of Arts, Business Administration (M.B.A.) from the University of Mannheim in Germany.

About Katz Group

Katz Group is one of Canada's largest privately-owned enterprises, with operations in pharmacy, sports & entertainment and real estate development. Katz Group Pharmacies Inc. employs over 8,600 people and owns and operates more than 460 Rexall and Rexall Pharma Plus locations across Central and Western Canada. Oilers Entertainment Group (OEG) owns the 5-time Stanley Cup Champion Edmonton Oilers, as well as professional hockey franchises in the AHL, WHL and ECHL, and Aquila Productions, one of Canada's leading entertainment and event companies. OEG will operate Rogers Place, one of the leading sports and entertainment venues in North America, when it opens its doors in downtown Edmonton in 2016. Katz Group is also involved in land assembly, site and building development in Canada and the United States, including the design and development of the Edmonton Arena District.

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