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Hudson’s Bay Company Declares Quarterly Dividend; Announces Release Date for Third Quarter Results

TORONTO & NEW YORK--(BUSINESS WIRE)--Hudson’s Bay Company (“HBC” or the “Company”) (TSX: HBC) announced that the Company's Board of Directors has approved a quarterly dividend for holders of the Company's common shares in the amount of $0.05 per common share. The dividend will be paid on December 30, 2013 to shareholders of record at the close of business on December 13, 2013 and is designated as an "eligible dividend" for Canadian tax purposes.

HBC will release its financial results for the fiscal quarter ended November 2, 2013 on December 11, 2013. Richard Baker, Chief Executive Officer; Donald Watros, Chief Operating Officer; and Michael Culhane, Chief Financial Officer, will discuss the quarter’s financial results and other matters during a conference call on Wednesday, December 11, 2013 at 8:30 am EST.

The conference call will be accessible by calling the participant operator assisted toll-free dial-in number (877) 852-2926 or international dial-in number (253) 237-1123.

A live webcast of the conference call will be accessible on HBC’s website at: http://investor.hbc.com/events.cfm. The audio replay also will be available via this link.

About Hudson’s Bay Company

Hudson's Bay Company (HBC), founded in 1670, is North America's longest continually operated company. Today, HBC offers customers an unparalleled range of retailing categories and shopping experiences internationally. In Canada, HBC operates Hudson's Bay, Canada's largest department store with 90 full-line locations and one outlet store as well as thebay.com, unsurpassed in its fashion, beauty, home and accessory designers and brands. HBC also operates Home Outfitters, Canada's largest home specialty superstore with 69 locations across the country.

In the United States, HBC operates Saks Fifth Avenue, one of the world's pre-eminent specialty retailers, renowned for its superlative designer collections and first-rate fashion expertise. Saks Fifth Avenue comprises 41 full-line stores in 22 states, five international licensed stores, saks.com, 72 Saks Fifth Avenue OFF 5TH stores and saksoff5th.com. HBC also operates Lord & Taylor, a leading department store chain with 49 full-line store locations throughout the northeastern United States, in two major cities in the Midwest and in Boca Raton, Florida, and lordandtaylor.com. Hudson's Bay Company banners provide stylish, quality merchandise with a dedicated focus on service excellence. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".

Contacts

INVESTOR RELATIONS:
Hudson's Bay Company
Lucas Evans, (416) 861-4444
Sr. Vice President, Treasury & Investor Relations
investorrelations@hbc.com
or
MEDIA CONTACT:
United States:
Lividini & Co.
Andrew Blecher, (212) 252-7504
andrew@lividini.com
or
Canada:
Freda Colbourne, (416) 560-9974
colbournef@gmail.com