Hudson's Bay Company Declares Quarterly Dividend

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| Source: Hudson's Bay Company

TORONTO, March 15, 2013 (GLOBE NEWSWIRE) -- Hudson's Bay Company (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 $0.09375 per common share. The dividend will be paid on April 15, 2013 to shareholders of record at the close of business on March 28, 2013 and is designated as an "eligible dividend" for Canadian tax purposes.

About Hudson's Bay Company

The Hudson's Bay Company (HBC), founded in 1670, is North America's longest continually operated company. In Canada, HBC operates Hudson's Bay, Canada's largest department store with 90 locations, unsurpassed in its fashion, beauty, home and accessory designers and brands, as well as thebay.com. HBC also operates Home Outfitters, Canada's largest home specialty superstore with 69 locations across the country. In the United States, HBC operates Lord & Taylor, a department store with 48 full-line store locations throughout the northeastern United States and in two major cities in the Midwest, and lordandtaylor.com. With approximately 29,000 Associates in Canada and the U.S., Hudson's Bay Company banners provide stylish, quality merchandise at great value, with a dedicated focus on service excellence. The Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".

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INVESTOR RELATIONS:
Lucas Evans
Senior Vice President and Treasurer
Hudson's Bay Company
Phone: (416) 861-4444
Email: 

MEDIA CONTACT:

Tiffany Bourre
Senior Manager, External Communications
Hudson's Bay Company
Phone: (905) 595-7184
Email: