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Press release from CNW Group

BMTC GROUP ANNOUNCES THE CONVERSION OF 17,137,620 CLASS B MULTIPLE VOTING SHARES INTO CLASS A SUBORDINATE VOTING SHARES

Thursday, September 09, 2010

BMTC GROUP ANNOUNCES THE CONVERSION OF 17,137,620 CLASS B MULTIPLE VOTING SHARES INTO CLASS A SUBORDINATE VOTING SHARES08:00 EDT Thursday, September 09, 2010MONTREAL, Sept. 9 /CNW Telbec/ - BMTC Group Inc. (the "Company") announces the conversion of an aggregate of 17,137,620 Class B Multiple Voting Shares (20 votes) into an equivalent number of Class A Subordinate Voting Shares (one vote).Taking into account these conversions and the purchases made under the Company's normal course issuer bid, there is now, as of the date hereof, 48,207,710 Class A Subordinate Voting Shares outstanding, representing 94.6% of the issued and outstanding shares and 46.8% of the voting rights attached to such shares, and 2,737,090 Class B Multiple Voting Shares, representing 5.4% of the issued and outstanding shares and 53.2% of the voting rights attached to such shares.Of the 17,137,620 Class B Multiple Voting Shares that were converted, 8,575,000 were converted by A. Bélanger (Détail) Ltée (an entity controlled by Mr. Yves Des Groseillers, Chairman, President and Chief Executive Officer of the Company), 4,629,340 were converted by Bertrand Crépeau et Fils Inc. (an entity controlled by Mr. Gilles Crépeau, a director of the Company), 3,400,000 were converted by 9072-1762 Québec Inc. (an entity controlled by Mr. Pierre Ouimet, a director of the Company), and the remaining 533,280 were converted by another shareholder who is not an insider of the Company.Following these conversions, A. Bélanger (Détail) Ltée holds 1,575,000 Class B Multiple Voting Shares (57.5% of the shares of such category) and 19,533,816 Class A Subordinate Voting Shares (40.5% of the shares of such category), representing, collectively, 41.4% of the issued and outstanding shares and 49.6% of the voting rights attached to the issued and outstanding shares, Bertrand Crépeau et Fils Inc. holds 4,629,340 Class A Subordinate Voting Shares, representing 9.6% of the shares of such category, 9.1% of the issued and outstanding shares and 4.5% of the voting rights attached to the issued and outstanding shares, and 9072-1762 Québec Inc. holds 3,406,112 Class A Subordinate Voting Shares, representing 7.1% of the shares of such category, 6.7% of the issued and outstanding and 3.3% of the voting rights attached to the issued and outstanding shares.These shareholders have not received any benefit from the Company in connection with these conversions.BMTC Group Inc., which Class A Subordinate Voting Shares are listed on the Toronto Stock Exchange, is an important retailer of furniture, electronic goods and household appliances in the Montreal, Quebec City, Laval, Ste-Foy, Sherbrooke, Trois-Rivières, Rimouski, St-Georges, Rivière-du-Loup, Chicoutimi, and Gatineau regions through its affiliates Brault & Martineau Inc. and Ameublements Tanguay.For further information: Mr. Yves Des Groseillers, Chairman, President and Chief Executive Officer, BMTC Group Inc., (514) 648-5757