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Forzani Group declares recent market speculation

11
Jun '07
The Forzani Group Ltd Canada's largest retailer of sporting goods, is issuing this press release regarding recent market speculation at the request of Market Regulation Services Inc on behalf of The Toronto Stock Exchange.

From time to time, Forzani receives inquiries with respect to possible acquisitions or business combinations, and has received such inquiries more frequently recently as it continues its strong financial performance.

None of these inquiries has resulted in a firm offer to acquire or enter into a business combination with Forzani. While Forzani continues to receive such inquiries, it is not at this time in negotiations with any party with respect to a business combination.

No assurance can be given that such negotiations might be entered into or that, if entered into, any transaction would result.

Forzani's corporate policy is not to comment on rumours and accordingly does not intend to comment further on this speculation.

The Forzani Group Ltd


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