HispanicBusiness

FORWARD-LOOKING STATEMENTS

This Press Release includes "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this Press Release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of the Corporation may constitute forward-looking statements within the meaning of the Canadian securities legislation and regulations. Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements.

For more information on the risks, uncertainties and assumptions that would cause the Corporation's actual results to differ from current expectations, please also refer to the Corporation's public filings available at www.sedar.com and www.rona.ca. In particular, further details and descriptions of these and other factors are disclosed in the MD&A under the "Risks and uncertainties" section and in the "Risk factors" section of the Corporation's current Annual Information Form.

The forward-looking statements in this Press Release reflect the Corporation's expectations as at February 21, 2013, and are subject to change after this date. The Corporation expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

ABOUT RONA

RONA is the largest Canadian distributor and retailer of hardware, home renovation and gardening products. The Corporation operates a network of over 800 corporate, franchise and affiliate retail stores of various sizes and formats under different banners, and a network of 14 hardware and construction materials distribution centres. RONA is also a leader in the specialized plumbing and HVAC market, primarily serving commercial and professional customers with a network of close to 60 sales outlets and four distribution centres across the country. With close to 30,000 employees, the RONA store network generates consolidated sales of $4.9 billion. For more information, please visit www.rona.ca.

RONA inc.Consolidated Income Statements and Other Comprehensive IncomeYears ended December 30, 2012 and December 25, 2011(unaudited) (in thousands of Canadian dollars, except per share amounts)Consolidated Income Statements                                 Fourth quarter         For the years ended                             2012          2011          2012          2011                    --------------------------------------------------------Revenues              $ 1,195,385   $ 1,169,192   $ 4,884,016   $ 4,804,584--------------------------------------------------------------------------------------------------------------------------------------------------------Operating profit before goodwill impairment, restructuring costs, impairment of non-financial assets and other charges                  (10,642)       37,037        85,563       156,900 Goodwill impairment            -      (117,000)            -      (117,000) Restructuring  costs, impairment  of non-financial  assets and other  charges                  (5,569)      (71,343)      (44,268)      (71,343)                    --------------------------------------------------------Operating profit (loss)                   (16,211)     (151,306)       41,295       (31,443)Finance income              1,379         1,065         5,333         5,262Finance costs              (5,858)      (15,172)      (20,576)      (34,729)                    --------------------------------------------------------                           (4,479)      (14,107)      (15,243)      (29,467)                    --------------------------------------------------------Income (loss) before income tax expense       (20,690)     (165,413)       26,052       (60,910)Income tax expense          5,534        15,397        (6,969)      (13,863)                    --------------------------------------------------------Net income (loss)     $   (15,156)  $  (150,016)  $    19,083   $   (74,773)--------------------------------------------------------------------------------------------------------------------------------------------------------Net income (loss) attributable to: Owners of RONA inc.  $   (15,445)  $  (151,230)  $    17,297   $   (78,382) Non-controlling  interests                   289         1,214         1,786         3,609                    --------------------------------------------------------                      $   (15,156)  $  (150,016)  $    19,083   $   (74,773)--------------------------------------------------------------------------------------------------------------------------------------------------------Net income (loss) per share attributable to owners of RONA inc Basic                $     (0.15)  $     (1.19)  $      0.07   $     (0.66) Diluted              $     (0.15)  $     (1.19)  $      0.07   $     (0.66)--------------------------------------------------------------------------------------------------------------------------------------------------------Consolidated Statements of Other Comprehensive IncomeNet income (loss)     $   (15,156)  $  (150,016)  $    19,083   $   (74,773)Other comprehensive income (loss) net of taxes :Items that will be reclassified to net income Cash flow hedges  - Loss for the   year                      (695)       (2,575)       (2,666)         (920)  - Reclassification   to income                 (212)         (759)          574         1,632                    --------------------------------------------------------                             (907)       (3,334)       (2,092)          712Items that will not be reclassified to net income  Actuarial losses          1,153          (394)       (2,703)       (2,775)                    --------------------------------------------------------Total other comprehensive income (loss)                246        (3,728)       (4,795)       (2,063)                    --------------------------------------------------------Total comprehensive income (loss)        $   (14,910)  $  (153,744)  $    14,288   $   (76,836)--------------------------------------------------------------------------------------------------------------------------------------------------------Total comprehensive income (loss) attributable to: Owners of RONA inc.  $   (15,199)  $  (154,958)  $    12,502   $   (80,445) Non-controlling  interests                   289         1,214         1,786         3,609                    --------------------------------------------------------                      $   (14,910)  $  (153,744)  $    14,288   $   (76,836)--------------------------------------------------------------------------------------------------------------------------------------------------------RONA inc.Consolidated Statements of Cash FlowsYears ended December 30, 2012 and December 25, 2011(unaudited) (in thousands of Canadian dollars)                                 Fourth quarter         For the years ended                             2012          2011          2012          2011                    --------------------------------------------------------Operating activitiesIncome (loss) before income tax expense   $   (20,690)  $  (165,413)  $    26,052   $   (60,910)Adjustments:  Depreciation,   amortization and   impairment of   non-financial   assets                  37,983        70,430       115,735       149,736  Change in   provision for   restructuring   costs                      108             -        23,135             -  Change in fair   value of   derivative   financial   instruments               (612)           43          (628)         (159)  Net gains on   disposal of   assets                    (789)          139        (3,973)       (1,123)  Goodwill   impairment                   -       117,000             -       117,000  Stock-based   compensation   expense   (recovery)                 954           537         3,676        (2,684)  Difference between   amounts paid for   post-employment   benefits and   current year   expenses                (6,394)       (1,236)       (3,036)       (2,855)Other                         297         1,949        (1,223)        3,308                    --------------------------------------------------------                           10,857        23,449       159,738       202,313Net change in working capital           64,520        91,381       (14,877)       66,682                    --------------------------------------------------------                           75,377       114,830       144,861       268,995Interest received             856           817         3,825         3,898Income taxes paid             386       (11,834)      (23,139)      (42,648)                    --------------------------------------------------------Cash flow from operating activities                76,619       103,813       125,547       230,245                    --------------------------------------------------------Investing activitiesBusiness acquisitions              (7,811)       (6,902)      (11,808)      (47,707)Acquisition of property, plant and equipment                (12,479)      (19,033)      (37,971)      (70,198)Acquisition of intangible assets        (11,859)      (15,536)      (48,403)      (39,225)Acquisition of other financial assets           1,178           355        (2,968)       (6,049)Proceeds on disposal of property, plant and equipment              5,551           405        16,498        10,216Proceeds on disposal of other financial assets                       242         2,021         2,612         4,765Interest received             184           283           813         1,365                    --------------------------------------------------------Cash flow from investing activities               (24,994)      (38,407)      (81,227)     (146,833)                    --------------------------------------------------------Financing activitiesBank loans                    249         3,486         4,073          (326)Net change in credit facilities               (59,716)       91,249        80,651        91,249Other long-term debt            -            (9)          261           863Financing costs                 -        (2,541)          (80)       (2,541)Repayment of other long-term debt            (8,264)       (6,714)      (19,991)      (33,886)Repurchase of debentures                     -      (283,171)            -      (283,171)Proceeds from issue of common shares             622           983         5,676         4,406Proceeds from issue of preferred shares            -             -             -       172,500Fees related to issue of preferred shares                         -            (5)            -        (5,484)Repurchase of common shares                         -       (31,768)      (66,767)      (31,768)Cash dividends paid by a subsidiary to non-controlling interests                      -        (3,920)            -        (3,920)Dividends on common shares                    (8,499)       (9,132)      (17,191)      (18,253)Dividends on preferred shares          (2,277)       (2,282)       (9,062)       (5,458)Interest paid              (3,144)         (741)      (18,033)      (26,051)                    --------------------------------------------------------Cash flow from financing activities               (81,029)     (244,565)      (40,463)     (141,840)                    --------------------------------------------------------Net increase (decrease) in cash       (29,404)     (179,159)        3,857       (58,428)Cash, beginning of year                      50,410       196,308        17,149        75,577                    --------------------------------------------------------Cash, end of year     $    21,006   $    17,149   $    21,006   $    17,149--------------------------------------------------------------------------------------------------------------------------------------------------------RONA inc.Consolidated Statements of Financial Positionas at December 30, 2012 and December 25, 2011(Unaudited) (in thousands of Canadian dollars)                                                       2012            2011                                                December 30     December 25                                            --------------------------------AssetsCurrent  Cash                                        $      21,006   $      17,149  Trade and other receivables                       363,152         370,094  Other financial assets                              1,440           1,468  Current tax assets                                 15,145           7,616  Inventory                                         890,437         840,287  Prepaid expenses                                   20,162          20,836                                            --------------------------------Current assets                                    1,311,342       1,257,450                                            --------------------------------Non-current  Other financial assets                             15,045          13,617  Property, plant and equipment                     813,901         874,246  Non-current assets held for sale                   22,898          10,455  Goodwill                                          428,180         426,968  Intangible assets                                 143,725         126,968  Other non-current assets                            5,114           5,435  Deferred tax assets                                66,253          65,239                                            --------------------------------Total assets                                  $   2,806,458   $   2,780,378--------------------------------------------------------------------------------------------------------------------------------------------------------LiabilitiesCurrent  Bank loans                                  $      11,332   $       4,377  Trade and other payables                          495,698         487,864  Dividends payable                                   2,258           2,527  Derivative financial instruments                    3,553             691  Provisions                                         16,335           6,947  Instalments on long-term debt                      11,683          20,257                                            --------------------------------Current liabilities                                 540,859         522,663                                            --------------------------------Non-current  Long-term debt                                    305,020         232,073  Other non-current liabilities                      34,741          33,653  Provisions                                         17,712           3,606  Deferred tax liabilities                           24,550          32,759                                            --------------------------------Total liabilities                                   922,882         824,754                                            --------------------------------Equity  Share capital                                     764,882         793,416  Retained earnings                               1,071,426       1,115,801  Contributed surplus                                12,521          11,386  Accumulated other comprehensive income             (2,597)           (505)                                            --------------------------------Total equity attributable to owners of RONA inc.                                             1,846,232       1,920,098Non-controlling interests                            37,344          35,526                                            --------------------------------Total equity                                      1,883,576       1,955,624                                            --------------------------------Total liabilities and equity                  $   2,806,458   $   2,780,378--------------------------------------------------------------------------------------------------------------------------------------------------------