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November 6, 2007

RONA Organic Growth 2.5% in 3Q

RONA, Boucherville, Quebec, reported sales in the third quarter 2007 were $1.35 billion, up 6.7% over the third quarter 2006. Profit was up 5.9% to $59.4 million.

Excluding contributions from major acquisitions, including Noble Trade, Curtis Lumber, and Mountain Building Centres, consolidated sales increased 2.5%. Excluding the 0.7% decline due to the drop in forest product prices, same-store sales increased by 0.1% in the quarter.

The distributor and retailer of hardware, home renovation and gardening products also recently announced its agreement to acquire Dick's Lumber in British Columbia.

RONA has 673 stores and eight distribution centers.

Since the beginning of the third quarter, RONA has opened six new stores, three proximity stores and three big-boxes.

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