Savers Value Village, Inc. (the "Company") (NYSE:SVV), the largest for-profit thrift operator in the United States ("U.S.") and Canada for value priced pre-owned clothing, accessories and household goods, today announced the commencement of a proposed secondary public offering (the "Offering") of 15,000,000 shares of its common stock offered by certain Ares Private Equity and Opportunistic Credit funds and accounts (the "Selling Stockholders"). As part of the Offering, the Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock at the public offering price, less the underwriting discount.

In addition, the Company has authorized the concurrent purchase from the underwriters of $10 million of the shares of common stock as part of the Offering, at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the "Concurrent Share Repurchase"). The Company intends to fund the Concurrent Share Repurchase from its existing cash on hand and it is not part of its existing share repurchase program. The underwriters will not receive any compensation for the shares being repurchased by the Company.