Hudson's Bay Renews Borrowing Platform

On September 16, 2005, Hudson's Bay Company, established in 1670 and Canada's largest department store retailer and oldest corporation, filed a shelf prospectus in Canada qualifying the issuance of up to $500 million aggregate initial offering price of debt securities, preferred shares, common shares, warrants to purchase equity securities, warrants to purchase debt securities, share purchase contracts and share purchase or equity units. The shelf prospectus filed replaces a previous $500 million shelf prospectus that expired in mid-September 2005.

Hudson's Bay Company was represented by James Ingram, vice-president, secretary and general counsel, and by Blake, Cassels & Graydon LLP with a team comprised of Sheila Murray, Anoop Dogra and Eric Moncik in Toronto, and Eric Poole and Hélène Barette in Montreal.