RONA Closes Acquisition of Building Supply and Hardware Specialist Dick's Lumber

BOUCHERVILLE, QUEBEC, Dec 03 (MARKET WIRE) --
RONA (TSX: RON), the leading Canadian distributor and retailer of
hardware, home renovation and gardening products, announces that it has
received all required regulatory approvals to complete the acquisition of
the operating assets and real estate of lumber, building materials and
hardware specialist Dick's Lumber. The transaction closed this weekend
and financial statements are consolidated into RONA's financial
statements as of December 1, 2007.

Announced on September 18, 2007, this transaction follows the 2006 Curtis
Lumber and Mountain Building Centres acquisitions and the addition of 14
stores in British Columbia in the past two years through store openings
and the recruitment of independent dealers. With the addition of Dick's
Lumber's three specialized stores in the Vancouver Area, RONA now has 54
stores in BC and will continue opening new big-box and proximity stores
with innovative concepts as well as recruiting independent dealers in the
years to come.

Dick's Lumber (www.dickslumber.com) was founded in 1964 by Dick and Delma
Alexander. Counting on hundreds of loyal and committed employees, the
Company provides superior service, high-quality products and competitive
prices to customers throughout the Greater Vancouver Area. The Company,
which generated more than $100-million in sales in the last twelve months
as well as strong profit margins, has also enjoyed solid growth in the
past years. Dick's Lumber is one of the largest contractor building
supply companies in Western Canada. The Company counts two
60,000-square-foot specialized stores (including covered warehouses), one
in Burnaby and the other one in Surrey, one 32,000-square-foot store
(including covered warehouse) in North Vancouver, along with 22 acres of
lumberyards. Customers planning home renovation, multi-unit housing
complexes or other construction/renovation projects can count on
customized service from Dick's more than 200 knowledgeable staff.

The acquisition of Dick's Lumber meets all of RONA's rigorous acquisition
criteria:

- Dick's Lumber is expected to add to RONA's earnings per share as of the
closing date of the acquisition.

- It operates in a sector related to RONA's main activities, which should
lead to recurring annual synergies.

- It has a strong management team and employees sharing the same values.

- The Company is highly profitable in its segment and has good growth
potential.

FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements reflecting RONA's
objectives, estimates and expectations. Such statements may be marked by
the use of verbs such as "believe," "anticipate," "estimate" and "expect"
as well as the use of the future or conditional tense. By their very
nature, such statements involve risks and uncertainty. Consequently,
results could differ materially from the company's projections or
expectations. For information on the nature of risk factors not
specifically discussed in this press release, please consult RONA's 2006
annual report under the heading "Risks and Uncertainties."

ABOUT RONA

RONA inc. is the largest Canadian distributor and retailer of hardware,
home renovation and gardening products. RONA operates a network of more
than 670 corporate, franchise and affiliate stores of various sizes and
formats. With over 26,000 employees working under its family of banners
in every region of Canada and more than 14 million square feet of retail
space, the RONA store network generates over $6 billion in annual retail
sales.

Contacts:
Media
RONA inc.
Eva Boucher-Hartling
Director, External Communications
514-599-5900, extension 5114
eva.boucher-hartling@rona.ca

Financial Community
RONA inc.
Stephane Milot
Senior Director, Investor relations
514-599-5951
stephane.milot@rona.ca

Copyright 2007, Market Wire, All rights reserved.

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