GlobeNewswire Inc | May 21, 2021 08:40AM EDT

May 21, 2021

HUDSON, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- The Board of Directors ofJOANN (NASDAQ: JOAN) has declared a quarterly dividend of 10 cents per common share.

The dividend is payableJune 25, 2021 to shareholders of record at the close of businessJune 11, 2021.The 1st Quarter dividend will be the company's first since it listed on NASDAQ on March 12 of this year.

About JOANNFor more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a single storefront in Cleveland, Ohio, the nations category leader in sewing and fabrics and one of the fastest growing competitors in the arts and crafts industry has grown to include 855 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.

Investor Relations Contacts:Ajay Jain Ajay.Jain@joann.com 330-463-8585

Tom Filandro; ICR, Inc.JoannIR@icrinc.com646-277-1235

Corporate Communications:Amanda Hayesamanda.hayes@joann.com216-296-5887