The TJX Companies, Inc. Plans to Issue $200 Million of Debt

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec. 3, 1999--The TJX Companies, Inc. (NYSE:TJX) today announced that it intends to offer $200 million of debt securities under an existing shelf registration statement on file with the SEC. The net proceeds of the issue, due in 2009, will be used by TJX for general corporate purposes including its ongoing stock repurchase program and potential acquisitions.

Goldman, Sachs & Co. will be the lead underwriter for the debt offering.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 632 T.J. Maxx, 505 Marshalls, 50 HomeGoods and 15 A.J. Wright stores in the United States. In Canada, the Company operates 100 Winners and, in Europe, 54 T.K. Maxx stores.

Copies of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004.