Payless Canada - Receivership

Please take notice that, on October 29, 2019, the Court issued a Receivership Order that appoints FTI Consulting Canada Inc. as receiver (the "Receiver") without security pursuant to section 243(1) of the Bankruptcy and Insolvency Act of all Employee Distributions (as defined in the sanctioned First Amended and Restated Plan of Compromised and Arrangement of the Payless Canada Entities dated October 16, 2019 (the "CCAA Plan")), cash in the amount of $100 to be transferred by Payless ShoeSource Canada LP, and no other property of the Payless Canada Entities (the "Receivership"), pending service on the Service List of the certificate attached as Schedule "A" to the Receivership Order (the "Receivership Certificate") confirming that the Affected Creditor Distribution Date has occurred (the "Receivership Effective Date").

The Affected Creditor Distribution Date has occurred in relation to the CCAA Plan of the Payless Canada Entities, and the Receiver served the Receivership Certificate on the Service List. The Receivership Effective Date is March 20, 2020

A copy of the Receivership Order granted is located at the following address: Receivership Order

The primary purpose of the Receivership is to allow for payments from the Federal Government to eligible former employees of the Payless Canada Entities pursuant to the Wage Earner Protection Program Act ("WEPPA"). The administration of the WEPP for the benefit of the former eligible employees of Payless Canada LP is now underway.

Eligible employees will receive a package via regular mail in the coming weeks. If you receive a letter notice informing you about your eligibility to apply to the WEPP, you are strongly encouraged to apply to receive your WEPP payment by completing an online application at the Government of Canada website found below:

For additional information regarding the WEPP, please refer to the Government of Canada's website located at the following address: https://www.canada.ca/en/employment-social-development/services/wage-earner-protection/employee.html

Should you have any further questions about the WEPP or how to file a WEPP claim, please contact Service Canada by calling: i) Toll-free at +1 (866) 683-6516; or ii) TTY at +1 (800) 926-9105.

CONTACT INFORMATION FOR THE RECEIVER

Should you have any questions about the Receivership or the WEPP, please contact the Receiver using the contact information below:
Phone: 416 649 8096
Toll Free: 1 855 718 5255
Fax: 416 649 8101
Email: paylesscanada@fticonsulting.com

Receivership Certificate	March 20, 2020
Motion Record of the Receiver, re: proposed Discharge and Distribution Order and pending termination of the Receivership	March 3, 2021
First Report of FTI Consulting Canada Inc., in its capacity as Receiver	March 3, 2021
Receivership Discharge and Distribution Order	March 10, 2021
Discharge Certificate of the Receiver	April 26, 2021