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The May Department Stores Company Credits $53 Million to 52,000 Associates Nationwide in Profit Sharing Plan; Matches 91% of Eligible Associate Contributions ST. LOUIS, March 10 /PRNewswire-FirstCall/ -- The May Department Stores Company , one of the country's leading department store retailers, today announced it is crediting $53 million through its Profit Sharing Plan to the 52,000 associates who participate in the plan nationwide. The effective matching rate is 91% of associates' $57 million in matchable contributions for 2003. May associates contributed a total of $94 million to the plan in 2003. "We are genuinely pleased to provide such a substantial profit sharing match for our associates," said Gene Kahn, chairman and chief executive officer. "Their accomplishments during 2003 were remarkable, and we are excited to acknowledge their efforts, enthusiasm, and professionalism with this sizable matching contribution to their profit sharing accounts." The effective matching rate is determined by the earnings performance of the company and the price of May stock. For 2003, May associate accounts in the Profit Sharing Plan are being credited with company stock valued at 91 cents for every dollar of personal contributions up to 5 percentof pay. The Profit Sharing Plan is an important part of May's overall retirement program. It provides an opportunity for associates to share in the company's earnings and offers several investment options for their contributions. The company has offered a Profit Sharing Plan for 35 consecutive years. In addition, May's Retirement Plan features a company-paid pension benefit which, along with Social Security, provides a basic level of financial security during retirement. The May Department Stores Company currently operates 442 department stores under the names of Lord & Taylor, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, L.S. Ayres, Meier & Frank, Robinsons-May, Strawbridge's, and The Jones Store, as well as 210 David's Bridal stores,460 After Hours Formalwear stores, and 10 Priscilla of Boston stores in its Bridal Group. May operates in 46 states, the District of Columbia, and Puerto Rico. For more information, contact Sharon Bateman at 314-342-6494. DATASOURCE: The May Department Stores Company CONTACT: Sharon Bateman for The May Department Stores Company, +1-314-342-6494

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