Michaels Companies 8-K Entry into a Material Definitive Agreement

Exhibit 99.1

Information Relating to Part II.

Item 14. – Other Expenses of Issuance and Distribution

The expenses in connection with the offer and sale of shares of common stock of The Michaels Companies, Inc., registered pursuant to the Registration Statement on Form S-3 (Registration No. 333-205583) filed on July 9, 2015, other than underwriting discounts and commissions, are set forth in the following table. All amounts are estimated except the Securities and Exchange Commission registration fee.

Securities and Exchange Commission registration fee	$	31,182
Blue sky fees and expenses		7,550
Printing and engraving expenses		10,000
Legal fees and expenses		150,000
Accounting fees and expenses		90,000
Transfer Agent and Registrar fees		1,000
Miscellaneous		20,268
Total	$	310,000