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Press release from CNW Group

Indigo Announces Correction to Dividend Press Release

Tuesday, May 22, 2012

Indigo Announces Correction to Dividend Press Release13:42 EDT Tuesday, May 22, 2012TORONTO, May 22, 2012 /CNW/ - In the news release dated April 23, 2012, Indigo Books & Music Inc. (TSX:IDG) declared a monthly cash dividend of $0.11 cents per common share payable on May 23, 2012, to shareholders of record on May 8, 2012. Today the Company announced that the correct date of payment is Thursday, May 24, 2012. The record date of May 8, 2012, as noted in the original press release, is correct.Forward-Looking StatementsStatements 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.To learn more about Indigo, please visit the Our Company section of www.indigo.ca.For further information: Janet Eger Vice President, Public Relations 416 342 8561