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Hudson's Bay Company Announces Pricing Of Initial Public Offering

The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of the Company's common shares subject to fulfilling the customary TSX requirements.  Trading of the Company's common shares under the symbol " HBC" is expected to commence on the closing of the Offering. The closing is scheduled for November 26, 2012, subject to customary closing conditions. A copy of the final base PREP prospectus and supplemented PREP prospectus will be available on SEDAR ( www.sedar.com).

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''U.S. Securities Act''), or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Hudson's Bay Company in any jurisdiction.

ABOUT HUDSON'S BAY COMPANY

Hudson's Bay Company ("HBC"), founded in 1670, is North America's longest continually operated company and is a leading retailer offering a wide selection of branded merchandise in Canada and the United States through its three banners. In the United States, HBC operates Lord & Taylor, a fashion department store with 48 full-line store locations throughout the northeastern United States and in two major cities in the Midwest. In Canada, HBC operates Hudson's Bay, Canada's largest national branded department store with 90 locations. HBC also operates Home Outfitters, a kitchen, bed and bath superstore with 69 locations. With approximately 29,000 associates in Canada and the U.S., Hudson's Bay Company banners provide stylish, quality merchandise at great value and with a dedicated focus on exceeding customers' expectations.

SOURCE Hudson's Bay Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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