LXRandCo Announces Voting Results of Annual Meeting

MONTREAL, July 2, 2020 /CNW/ - LXRandCo, Inc. ("LXRandCo" or the "Company") (TSX: LXR) (TSX: LXR.WT), a North American omni-channel retailer of branded vintage luxury handbags and accessories, today announced the voting results of its annual meeting of shareholders, which was held June 30^th at 9:30 a.m. EDT in Montreal.

Each of the nominees listed in LXRandCo's Management Information Circular dated May 25, 2020 were re-elected as directors of the Company. Each of the Company's directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Camillo (Cam) Di Prata	22,666,200	96.19	898,883	3.81
Joseph Mimran	22,666,200	96.19	898,883	3.81
Javier San Juan	23,564,983	100.00	100	0.00
Eric Graveline	23,564,983	100.00	100	0.00
Nicolas Topiol	23,564,983	100.00	100	0.00
Valerie Sorbie	22,666,200	96.19	898,883	3.81

In addition, shareholders voted in favour of resolutions, by a majority of the votes cast by shareholders present or represented by proxy, appointing PricewaterhouseCoopers LLP, as auditor for the Company and ratifying, confirming and approving the increase of the number of class B shares reserved for issuance under the deferred share unit plan (the "DSUP"), and the decrease of the number of class B shares reserved for issuance under the long-term incentive plan (the "LTIP"), as described in the Company's Management Information Circular dated May 25, 2020.

Item	For	% For	Against	% Against	Withheld/ Abstain	% Withheld/ Abstain	Non-Vote
Appointment of Auditor	23,565,983	100.00	0	0.00	100	0.00	0
Deferred Share Unit Incentive Plan	22,666,200	96.19	898,883	3.81	0	0.00	0
Long-Term Incentive Plan	22,749,983	96.54	815,100	3.46	0	0.00	0

Final voting results on all matters voted on at the annual meeting of shareholders held on June 30^th, 2020 will be filed on SEDAR (www.sedar.com).

About LXRandCo

LXRandCo is a North American omni-channel retailer of branded vintage luxury handbags and other personal luxury products. LXRandCo sources and authenticates high-quality, pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others, and sells them at attractive prices through a retail network of stores located primarily in major department stores in the United States and Canada; wholesale operations primarily in the United States; and its own e-Commerce website, www.lxrco.com.

SOURCE LXRandCo, Inc.

Nadine Eap, Chief Financial Officer, LXRandCo. Inc., [phone] ext: 037, [email protected]