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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD REVENUES AND NET EARNINGS FOR 2016 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, March 15^th, 2017 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the fourth quarter ended December 31, 2016 and its quarterly dividend.

Fourth quarter results

New Look Vision reported record revenues of $54.5 million and adjusted EBITDA(1) of $9.8 million for the fourth quarter ended December 31, 2016, representing increases of 22.1% and 1.1% respectively over last year. The increases were mainly due to the net addition of 27 stores in the last twelve months as well as same store sales growth of 4.6% over last year.

Adjusted net earnings attributed to shareholders, defined as net earnings adjusted to remove the impact of acquisition-related costs and equity-based compensation, for the fourth quarter were $4.3 million (or $0.31 per share(2)) compared to $4.3 million last year (or $0.32 per share). Adjusted net earnings per share for the quarter compared to the fourth quarter of 2015 were down 3.1% (diluted), reflecting an increase in depreciation, amortization and loss on disposal, as well as financial expenses, net of interest revenues.

Cash flow from operating activities before income taxes paid and changes in working capital items was $9.2 million or $0.67 per share(2) in the fourth quarter of 2016 compared to $9.0 million or $0.66 per share last year. Income tax instalments paid in the fourth quarter of 2016 were $1.6 million compared to $2.1 million for 2015.

Annual results

Full year revenues and adjusted EBITDA reached a record $198.5 million and $35.4 million respectively, which represent increases of 13.7% and 5.5% respectively over last year. Same store sales for the full year were up 4.1% over last year. Net earnings attributed to shareholders were $11.2 million ($0.81 per share)(2) compared to $9.2 million last year ($0.67 per share). Net earnings adjusted to remove the impact of acquisition-related costs and equity-based compensation were $13.9 million, reflecting a $0.68 million increase over last year. Adjusted net earnings per share(2) increased to $1.01 from $0.96 last year.

Cash flow from operating activities before income taxes paid and changes in working capital was $33.4 million or $2.41 per share for the full year compared to $32.2 million or $2.34 per share last year. Throughout 2016, New Look Vision made total tax payments of $7.2 million compared to $4.5 million last year, including prior period adjustments and current year instalments.

More details on the financial performance of the fourth quarter and the year ended December 31, 2016 are available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "We are pleased to report that through organic growth and acquisitions, strengthening our historic markets, as well as expanding our geographical footprint across the country, New Look Vision Group has reached a run rate of $200 million of revenues from a network of 220 stores which we believe makes us the largest optical retailer in Canada. In the fourth quarter revenues and comparable store sales were strong while profitability was impacted primarily by aggressive promotional activities, affecting cost of goods sold, a 53rd week in the reporting calendar, and costs associated with building the company`s long term business. We continue to monitor the opportunities arising from the ongoing consolidation of the Canadian retail optical industry. Subsequent to the year-end, we acquired three retail optical stores in Toronto. We expect such acquisition activity to continue through 2017 and beyond."

Dividend approval

Following the approval of the results of the fourth quarter of 2016 and taking into account the solid cash flows from operations in the quarter, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on March 31, 2017 to the shareholders of record as of March 24, 2017. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

- Table E - Reconciliation of Cash Flows from Operating Activities, Before Income Taxes Paid and Changes in Working Capital Items

1) EBITDA, Adjusted EBITDA, Adjusted net earnings and Cash flows from operating activities before income taxes paid and changes in working capital items are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures. See Table E for reconciliation of cash flows.
2) Per share amounts are expressed on a diluted basis.

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As of February 28, 2017, New Look Vision had 13,579,077 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 220 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD FIRST QUARTER REVENUES FOR 2017 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, May 11^th, 2017 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the first quarter ended April 1, 2017 and its quarterly dividend.

First quarter results

New Look Vision reported record revenues of $51.0 million and adjusted EBITDA(1) of $7.9 million for the first quarter ended April 1, 2017, representing increases of 14.5% and 8.3% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store sales growth of 1.9% over last year.

Adjusted net earnings attributed to shareholders, defined as net earnings adjusted to remove the impact of acquisition-related costs and equity-based compensation, for the first quarter were $2.4 million (or $0.17 per share(2)) compared to $2.2 million last year (or $0.16 per share). Adjusted net earnings per share for the quarter compared to the first quarter of 2016 were up 6.3% (diluted). Net earnings attributed to shareholders were $1.3 million, compared to $1.8 million last year, the decrease being mainly due to higher acquisition costs and equitybased compensation. When these expenses are added back to net earnings, adjusted net earnings show an improvement of $200 thousand.

Cash flow from operating activities before income taxes paid and changes in working capital items was $7.1 million or $0.51 per share(2) in the first quarter of 2017 compared to $6.7 million or $0.49 per share last year. Income tax instalments paid in the first quarter of 2017 were $1.7 million compared to $2.7 million for 2016.

More details on the financial performance of the first quarter ended April 1, 2017 are available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "The year is off to a positive start as evidenced by Q1 operating and financial results. Revenues, same store sales, adjusted EBITDA and cash flows showed solid growth. The Adjusted EBITDA percentage was lower than historical levels due principally to higher operating expenses as the company builds the staff and infrastructure necessary to facilitate future growth. During the quarter, the company acquired six additional stores in Toronto, Vancouver and New Brunswick pursuant to its mission to expand its footprint across the country."

Dividend approval

Following the approval of the results of the first quarter of 2017, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on June 30, 2017 to the shareholders of record as of June 22, 2017. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

- Table E - Reconciliation of Cash Flows from Operating Activities, Before Income Taxes Paid and Changes in Working Capital Items

1) EBITDA, Adjusted EBITDA, Adjusted net earnings and Cash flows from operating activities before income taxes paid and changes in working capital items are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures. See Table E for reconciliation of cash flows.
2) Per share amounts are expressed on a diluted basis.

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As of April 30, 2017, New Look Vision had 13,591,079 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 227 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. ANNOUNCES SEARCH FOR NEW CHIEF FINANCIAL OFFICER

Montréal, Québec, May 19^th, 2017 :New Look Vision Group Inc. (TSX:BCI) (“New Look Vision”) announced today that Derrick Giannoumis, CPA, CA, Senior Vice-President and Chief Financial Officer, will retire from the Company effective June 2nd, 2017. A search has commenced for his replacement. In the meantime, financial and investor queries will be handled by New Look Vision’s President, Antoine Amiel.

Mr. Amiel stated that: “Derrick joined us from Greiche & Scaff after its acquisition in October 2014 and contributed to its successful integration into New Look Vision as well as other accomplishments on our behalf. The Board of Directors, senior management and I wish him well in his new endeavours.”

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As of April 30th, 2017, New Look Vision had 13,579,077 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 227 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. AGREES TO ACQUIRE IRIS, LE GROUPE VISUEL (1990) INC.

Montreal, Quebec, July 4, 2017 :New Look Vision Group Inc. (TSX : BCI) ("New Look Vision"), announced today that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Iris, le groupe visuel (1990) Inc. (“Iris”). Founded in 1990 by Dr. Francis Jean in Baie-Comeau, Quebec and based in Laval, Quebec, Iris has grown to become a leading optometrist based retail eye care provider across Canada with a network of 150 locations, comprising 53 corporate, 77 jointly owned and 20 franchise locations. The Iris banner is recognized nationally with locations in Quebec (82), British Columbia (36), Alberta (16), Ontario (15) and New Brunswick (1). Adjusted pro forma system-wide revenues of Iris for the twelve months ended September 30, 2016 amounted to approximately $110 million¹ while adjusted pro forma consolidated revenues for the same period amounted to approximately $60 million^1,2.

The purchase price for the shares of Iris is $120 million on a cash-free and debt-free basis, subject to customary price adjustments. New Look Vision has entered into various financing agreements to finance the acquisition, including: (i) a $38.75 million increase of its senior secured term facility with its bank to $95 million; (ii) an arrangement for a $35 million junior unsecured debt facility and a $20 million equity private placement of 646,400 subscription receipts at a price of $30.94 per subscription receipt with a Quebec-based fund; and (iii) a $30 million concurrent equity private placement of 969,600 subscription receipts at a price of $30.94 per subscription receipt. Each newly issued subscription receipt will entitle the holder thereof, subject to certain conditions and without payment of additional consideration, to receive one Class A Common Share of New Look Vision. The private placements are expected to close on or about July 18, 2017 and are subject to the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

ntoine Amiel, President and Director of New Look Vision stated that:

“We feel very privileged to welcome the Iris team into our organization. The transaction will be a major step forward for both organizations. Iris, based in Laval (QC) and Langley (BC), will operate as a stand-alone business unit within New Look Vision Group. Iris adds to New Look Vision Group’s current network a strong platform for the consolidation of the optometry based retail segment of the Canadian optical industry.

The combined entity will have estimated annual system-wide revenues exceeding $315 million, estimated consolidated annual revenues exceeding $265 million and a store network in excess of 375 locations reinforcing New Look Vision Group’s position as the largest Canadian retail optical company and the 8th largest in North America. We will be the dominant player in Quebec, the Atlantic Provinces and British Columbia. This should lead to greater efficiencies and lower operating costs in many areas of operations”.

Dr. Michael Chaiken, President of Iris stated that:

“A relationship of trust built over many years between the management teams of Iris and New Look Vision has evolved today into a common endeavour. The two businesses have been highly successful by sharing common values of hard work and integrity, dedication to eye care, and a passion for retail optical. Joining New Look Vision Group, we, at Iris, are very much looking forward to fulfilling Dr Jean’s vision of collaborative eye care for Canadians”.

The acquisition of Iris is expected to close on or about October 1, 2017, subject to customary closing conditions, at which time the 1,616,000 subscription receipts issued pursuant to the private placements are expected to be automatically exchanged into 1,616,000 Class A Common Shares of New Look Vision.

The securities to be sold under the private placements have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

This news release is intended for distribution in Canada only and is not for distribution to United States newswire services or for dissemination in the United States.

¹Adjusted pro forma revenues adjusted for store acquisitions and closures year to date.
²Consolidated revenues excludes subsidiaries where Iris has a 50% ownership or less.

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As of June 30, 2017, New Look Vision had 13,624,123 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Canada comprised of a network of 227 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca, in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site Web www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. CLOSES $50 MILLION PRIVATE PLACEMENT

Montreal, Quebec, July 18, 2017 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has completed its previously announced private placement of subscription receipts for aggregate gross proceeds of $50 million.

New Look Vision issued an aggregate of 1,616,000 subscription receipts (the “Offering”) at a price of $30.94 per subscription receipt, which include (i) an aggregate of 969,600 subscription receipts issued pursuant to a private placement, and (ii) a concurrent private placement of 646,400 subscription receipts with a Québec-based fund. Each subscription receipt entitles the holder thereof, subject to certain conditions, to receive one Class A common share of New Look Vision (a “Common Share”).

New Look Vision intends to use the net proceeds of the Offering, together with funds obtained from its credit facilities, to fund the previously-announced acquisition of all of the issued and outstanding shares of Iris, le groupe visuel (1990) Inc. (the “Acquisition”). The Acquisition is expected to close on or about October 1, 2017 subject to usual closing conditions.

The proceeds from the Offering will be held in escrow pending the closing of the Acquisition. If the Acquisition is completed on or prior to 5:00 p.m. (EST) on October 30, 2017, the proceeds will be released to New Look Vision and each holder of a subscription receipt will receive, without additional consideration and without further action, one Common Share for each subscription receipt held upon closing of the Acquisition. If the Acquisition does not occur on or prior to 5:00 p.m. (EST) on October 30, 2017 or New Look Vision advises the participants in the private placement, the Québec-based fund or the public that it does not intend or is unable to proceed with the Acquisition, the holders of subscription receipts will receive a cash payment equal to $30.94 per subscription receipt plus their pro rata share of the interest earned on the escrowed funds during the term of the escrow.

Assuming that the subscription receipts are still outstanding on August 10, 2017 and are subsequently exchanged for Common Shares, the holders thereof will be entitled upon such exchange to receive a cash payment per subscription receipt equal to the dividends, if, as and when declared, totalling $0.15 per Class A common share of New Look Vision payable on September 30, 2017 to the holders of record as of September 23, 2017.

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As of July 17, 2017, New Look Vision had 13,624,123 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Canada comprised of a network of 227 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investor Relations section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy , projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: the risk that the Acquisition is not completed, pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site Web www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. COMPLETES ACQUISITION OF IRIS

Montreal, Quebec, October 21, 2017 :La société New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has completed the acquisition of all of the shares of Iris, le groupe visuel (1990) Inc. (“Iris”). As previously announced, the purchase price is $120 million on a cash-free and debt-free basis, subject to customary post-closing price adjustments. Based in Laval, Quebec, Iris has a network of 147 locations across Canada. It is estimated that the combined entity will have annual system-wide revenues exceeding $315 million1, estimated consolidated revenues exceeding $265 million1,2 and a store network of 379 locations. It is the largest Canadian integrated retail optical company in a fragmented optical retail industry characterized by competition from other optical retail chains and independent operators, as well as vertically integrated business models, warehouse stores, supercenters and online retailers.

As previously announced, New Look Vision financed the acquisition though an increase to its senior secured term facility with its bank syndicate, a new junior unsecured debt facility and the private placement of 1,616,000 subscription receipts at a price of $30.94 per subscription receipt. These subscription receipts are exchangeable today for 1,616,000 Class A common shares of New Look Vision. As a result thereof, 15,439,260 Class A common shares of New Look Vision are currently issued and outstanding.

Antoine Amiel, President and Director of New Look Vision stated that:

“After a lot of hard work and effort by the respective management teams we are pleased to announce the closing of the Iris transaction. The addition of Iris as a stand alone business unit within New Look Vision will permit the combined entity to take advantage of economies of scale and share resources and knowledge that will benefit our customers at a time of growing demand for eye care in Canada. We are looking forward to working with the Iris team and heading into the future together. ”

¹Adjusted pro forma revenues adjusted for Iris store acquisitions and closures year to date.
²Consolidated revenues excludes subsidiaries where Iris has a 50% ownership or less.

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New Look Vision is a leader in the eye care industry in Canada comprised of a network of 379 locations mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and Iris banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please visit our Web sitewww.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS & CHANGES

Montreal, Quebec, le 24 octobre 2017 :Following the closing of the acquisition of Iris, le groupe visuel (1990) inc. (“Iris”), Antoine Amiel, President and Director of New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”) announces the following senior management appointments and changes.

Éric Babin has been appointed as the new President of Iris, responsible for the overall operations of the company. Éric has been with Iris since 1998, most recently as Vice-President, Communications and Information Technologies and as a director. He has broad industry experience and is well acquainted with the Iris operations. He will be replacing Dr. Michael Chaiken O.D., who has retired as President.

At the same time, Dr. Sylvain Boucher O.D. will be joining the Iris board of directors. Sylvain is the President and CEO of Ergoresearch Ltd. (TSX-V: ERG), is an optometrist by training and was with the Iris group from 1996 through 2005. His duties at the time included operations and development.

Effective November 7, 2017, Mario Pageau will be appointed Senior Vice-President, New Look Eyewear and Greiche & Scaff, responsible for the operations of these two banners. Currently, he is Senior Vice-President, Optical Products and Services. Mario, an optician by training, joined New Look Vision in 1987 and has a broad range of experience across all aspects of the optical industry, including retail and manufacturing.

Mario will be replacing Martial Gagné who will be retiring as President of New Look Eyewear and Greiche & Scaff, effective November 7, 2017, to pursue career opportunities in another industry. Martial has been President of New Look Eyewear since January 2008 and with the company since 2001. Martial will continue to serve on the board of directors of New Look Vision.

Mr. Amiel stated that:

“We are all confident that this young and energetic senior management team will be successful in driving their respective banners forward to the next level of profitability and development and look forward to working with them over the coming years to take New Look Vision to a greater level of excellence.”

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As of October 24, 2017, New Look Vision has 15,439,260 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Canada comprised of a network of 379 locations mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and Iris banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please visit our Web sitewww.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD THIRD QUARTER REVENUES FOR 2017 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, Novembre 13^th, 2017 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the third quarter ended September 30, 2017 and its quarterly dividend.

Third quarter results

New Look Vision reported record revenues of $55.2 million and adjusted EBITDA(1) of $10.8 million for the third quarter ended September 30, 2017, representing increases of 12.8% and 35.6% respectively over last year. The revenue increase was mainly due to the net addition of 19 stores in the last twelve months as well as same store sales growth of 0.9% over last year. This revenue growth as well as significant improvement in operating expense ratios resulted in the strong adjusted EBITDA performance.

Adjusted net earnings attributed to shareholders⁽¹⁾ (defined as net earnings adjusted to remove the impact of acquisition-related costs, equity-based compensation, and other non-comparable costs) for the third quarter were up significantly at $4.1 million compared to $2.8 million in 2016. Adjusted net earnings per share for the quarter compared to the third quarter of 2016 were up at $0.29 per share(2). Net earnings attributed to shareholders were $3.4 million, compared to $2.1 million last year, the increase being mainly due to higher revenues, controlled expense growth, and lower equity-based compensation.

When adjusted for acquisition-related costs and other non-comparable costs, adjusted cash flows from operating activities(1) were $10.7 million or $0.77 per share(2), an increase of $2.8 million, or 35% over last year. Cash flows from operating activities before income taxes paid and changes in working capital items(1) were $9.9 million or $0.71 per share(2) in the third quarter of 2017, up significantly from $7.7 million or $0.56 per share last year. Income tax instalments paid in the third quarter of 2017 were $1.3 million compared to $1.4 million for 2016.

More details on the financial performance of the third quarter ended September 30, 2017 are available in the attachments.

Year-to-date results

Year-to-date revenues and adjusted EBITDA reached a record of $161.6 million and $29.6 million respectively, which represent increases of 12.2% and 15.6% respectively over last year. Net earnings attributed to shareholders were $7.3 million ($0.52 per share)(2) compared to $8.0 million last year ($0.58 per share). Net earnings adjusted to remove the impact of acquisition-related costs, equity-based compensation, and other non-comparable costs were $11.1 million, or $1.4 million over last year. Adjusted net earnings per share (diluted) increased to $0.80, up 14.3% from $0.70 in 2016. Comparable store sales year-to-date were up 2.5% over last year.

Adjusted cash flows from operating activities were $29.3 million or $2.10 per share(2), an increase of $4 million, or 15.8% over last year. Cash flow from operating activities before income taxes paid and changes in working capital were $26.1 million or $1.87 per share (2) in the year-to-date period compared to $24.2 million or $1.75 per share last year, the increase being mainly attributable to increased EBITDA. In the first three quarters of 2017, New Look Vision made total tax payments of $3.7 million compared to $5.6 million in 2016, including prior period adjustments and current year instalments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "I am pleased to report that Q3 was a strong quarter of revenue and earnings growth, resulting from a continued comparable store and new store sales growth, a strong focus on improving operating expense ratios and from generating synergies from recent acquisitions. Subsequent to quarter's end, we announced the completion of the acquisition of Iris The Visual Group, strengthening our leadership position across Canada with a network of 378 stores."

Dividend approval

Following the approval of the results of the third quarter of 2017, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on December 31, 2017 to the shareholders of record as of December 22, 2017. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

- Table E - Reconciliation of Cash Flows from Operating Activities, Before Income Taxes Paid and Changes in Working Capital Items

1) EBITDA, Adjusted EBITDA, Adjusted net earnings, Cash flows from operating activities before income taxes paid and changes in working capital items, and Adjusted cash flows from operating activities are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures. See Table E for reconciliation of cash flows.
2) Per share amounts are expressed on a diluted basis.

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As of October 31, 2017, New Look Vision had 15,439,260 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Canada having a network of 378 stores mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and Iris banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.