BOUCHERVILLE, QUÉBEC -- Uni-Select has announced that the Toronto Stock Exchange (the TSX) has accepted its notice of intention to make a normal course issuer bid to repurchase some of its outstanding common shares through the facilities of the TSX for a period of 12 months ending May 15, 2012.

Up to 200,000 common shares, representing approximately 1 percent of the 21,691,387 common shares of Uni-Select issued and outstanding as of May 10, 2011, may be purchased under the normal course issuer bid. Daily repurchases will be limited to 4,368 common shares, other than block purchase exemptions. The common shares will be repurchased by Uni-Select for cancellation.

The number of common shares that Uni-Select intends to repurchase and the time of such repurchases will be determined by Uni-Select, at its discretion. The repurchase period will begin May 16 and will end on the earlier of May 15, 2012 or the date on which Uni-Select will have either acquired the maximum number of common shares pursuant to the Notice or otherwise decided not to make any further repurchases. All the common shares acquired under the bid will be repurchased at their market price at the time of acquisition.

Uni-Select says that its Board of Directors has determined that the repurchase of up to 200,000 common shares is a desirable use of funds for the company and, therefore, would be in the best interests of Uni-Select and its shareholders. During the past 12 months, Uni-Select has repurchased 14,700 common shares at a weighted average price of $25.79 per share under its normal course issuer bid, which began Dec. 21, 2009 and expired on Dec. 20, 2010.