LXRandCo ANNOUNCES VOTING RESULTS OF ANNUAL MEETING

MONTREAL, June 9, 2023 /CNW/ - LXRandCo, Inc. ("LXRandCo" or the "Company") (TSX: LXR), a North American, digital-first omni-channel retailer of authenticated pre-owned luxury products, today announced the voting results of its annual meeting of shareholders, which was held June 7^th at 11:30 a.m. EDT in Montreal.

Each of the nominees listed in LXRandCo's Management Information Circular dated May 2, 2023, 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
Valerie Sorbie	56,446,655	79.48	14,570,949	20.52
Camillo (Cam) di Prata	56,455,655	79.50	14,561,949	20.50
Joseph Mimran	70,603,655	99.42	413,949	0.58
Javier San Juan	56,539,438	79.61	14,478,166	20.39
Eric Graveline	56,530,438	79.60	14,487,166	20.40
Nicolas Topiol	56,539,438	79.61	14,478,166	20.39

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, as described in the Company's Management Information Circular dated May 2, 2023.

							%		Withheld/		% Withheld/		Non-
Item	For		% For		Against		Against		Abstain		Abstain		Vote
Appointment of Auditor	70,697,863		99.54		0		0.00		330,166		0.46		0

Final voting results on all matters voted on at the annual meeting of shareholders held on June 7^th, 2023, will be filed on SEDAR (www.sedar.com).

About LXRandCo

LXR is a socially responsible, digital-first omni-channel retailer of authenticated pre-owned handbags and personal accessories. Since 2010, we have been providing consumers with authenticated branded luxury products from Hermès, Louis Vuitton, Gucci, Prada and Chanel, among other high-quality brands, by promoting their reuse and providing an environmentally responsible way for consumers to purchase luxury products. We achieve this through our digital-first strategy by selling directly to consumers through our website at www.lxrco.com and indirectly by powering the e-commerce and other platforms of key channel partners. Our omni-channel model is also supported by retail "shop-in-shop" experience centers and by wholesale activities with select retail partners across North America.

SOURCE LXRandCo, Inc.

Nadine Eap, Co-President and Chief Financial and Administrative Officer, LXRandCo. Inc., [phone] ext: 037, [email protected]