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Press release from PR Newswire

/C O R R E C T I O N from Source -- Indigo Books & Music Inc./

Monday, April 23, 2012

/C O R R E C T I O N from Source -- Indigo Books & Music Inc./17:26 EDT Monday, April 23, 2012 In c8291 transmitted at 16:01e today, an error occurred in the boilerplate. This section should not be there, "and the majority shareholder of the global eReading service Kobo Inc.)". Corrected copy follows: Indigo Announces Quarterly Dividend TORONTO, April 23, 2012 /PRNewswire/ - Indigo Books & Music Inc. (TSX: IDG), Canada's largest book, gift and specialty toy retailer announced that the Board of Directors today approved a quarterly dividend of 11 cents per common share to be paid on May 23rd, 2012, to all shareholders of record as of May 8th, 2012. Forward-Looking Statements Statements contained in this news release that are not historical facts are forward-looking statements which involve risk and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements. Among the key factors that could cause such differences are: general economic, market or business conditions in Canada; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond the control of the Company. About Indigo Books & Music Inc. Indigo is a publicly traded Canadian company listed on the Toronto Stock Exchange (IDG). As the largest book, gift and specialty toy retailer in Canada, Indigo operates in all provinces under different banners including Indigo Books & Music; Indigo Books, Gifts, Kids; IndigoSpirit, Chapters, The World's Biggest Bookstore, and Coles. The online channel, indigo.ca, features books, eBooks, toys, gifts and, and hosts the award winning Indigo Online Community.  In 2004, Indigo founded the Indigo Love of Reading Foundation, a registered charity that provides new books and education materials to high-needs Canadian elementary schools, to address the literacy crisis in Canada. To date the Foundation has contributed $10.5 million to schools in need. Visit loveofreading.org for more information. To learn more about Indigo, please visit the About Our Company section of www.indigo.ca. SOURCE Indigo Books & Music Inc.For further information: <p> Janet Eger<br/> Vice President, Public Relations<br/> 416 342 8561<br/> <a href="mailto:jeger@indigo.ca">jeger@indigo.ca</a> </p>