|Bank of America Merrill Lynch||Chris Li|
|BMO Capital Markets||Wayne Hood|
|Cowen and Company||Oliver Chen|
|Credit Suisse||David Hartley|
|RBC Capital Markets||Irene Nattal|
|RBC Capital Markets||Sabahat Khan|
Hudson's Bay Company is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Hudson's Bay Company's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Hudson's Bay Company or its management. Hudson's Bay Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.