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PowerGen Indigo announces results of common share rights offering Toronto, October 1, 2002 - Indigo Books & Music Inc. (TSX: IDG) announced today that it has successfully completed an offering of 2,662,755 common shares of the company at $5.75 per share and that the shares issued pursuant to additional subscription privileges have now been allocated. The issue, which was completed by way of an offering of subscription rights to all holders of common shares of the company, was fully subscribed and resulted in gross proceeds of $15,310,841.25. The net proceeds from this rights offering will be used for capital expenditures, including store improvements, supply chain redesign and investment in the company's online business. As a result of this rights offering, Trilogy Retail Enterprises L.P., which is controlled by Gerald Schwartz, increased its ownership interest to 69% of the company's common shares, up from 66.1%, and Mr. Schwartz and Heather Reisman otherwise control 5.4% of the company's common shares. About Indigo Books & Music Inc. Indigo is a Canadian company and the largest book retailer in Canada, operating bookstores in all provinces under the names Indigo Books Music & more, Chapters, Coles, SmithBooks, and World's Biggest Bookstore. Indigo operates www.chapters.indigo.ca, an online retailer of books, videos and DVDs. Indigo is a publicly traded company, listed on the Toronto Stock Exchange under the stock symbol IDG. To learn more about Indigo, please visit the About Our Company section of www.chapters.indigo.ca . For more information please contact: Tracy Nesdoly Vice President Communications Indigo Books & Music Inc. Tel: (416) 263-5025 Fax: (416) 598-5060 Retail Corporate Profile Management SEDAR Filings News Releases Online Corporate Profile Management News Releases Info Desk iREWARDS Program About Our Company Affiliate Opportunities Careers Contact Us Corporate Sales Gift Certificates Privacy Policy Shipping Rates Store Locations Wish List chapters.indigo.ca: home Shopping Bag | Account Centre | Wish List | Help iREWARDS Program | Corporate Sales | Store Locations All Products Books DVD Video Gifts Books Advanced Search Search Tips Browse Books Art and Architecture Audiobooks Biography & Memoir Business and Finance Children's Books Computers View all Categories Browse DVD Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories Browse Video Action & Adventure Comedies Dramas Foreign Films Horror & Suspense Kids & Family View all Categories . Head Office | Privacy Policy | Free Delivery | Chapters Coupons