June 14, 2017

HBC Announces Election of Directors

TORONTO & NEW YORK--(BUSINESS WIRE)-- HBC (TSX: HBC) announced that all of the nominees listed in its management information circular dated April 24, 2017 ("Circular") were elected as directors of HBC at the annual meeting of shareholders (""Meeting") held today in Toronto. The results of the vote are set out below:

Nominee     Votes For     Votes Withheld
    #     %     #     %
Richard A. Baker     143,098,544     94.91     7,673,329     5.09
Robert C. Baker     130,790,451     86.75     19,981,422     13.25
David G. Leith     145,967,512     96.81     4,804,361     3.19
William L. Mack     133,546,124     88.57     17,225,749     11.43
Lee Neibart     144,262,930     95.68     6,508,943     4.32
Denise Pickett     145,960,435     96.81     4,811,438     3.19
Wayne Pommen     145,972,433     96.82     4,799,440     3.18
Earl Rotman     145,775,600     96.69     4,996,273     3.31
Matthew Rubel     145,930,423     96.79     4,841,450     3.21
Gerald Storch     142,832,651     94.73     7,939,222     5.27
Andrea Wong     145,696,806     96.63     5,075,067     3.37
               

Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in HBC's Circular, was duly approved by the requisite number of votes.

Final voting results of all matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.

About HBC

HBC is a diversified global retailer focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC's portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.

HBC's leading banners across North America and Europe include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium's only department store group Galeria INNO.

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

HBC
Investor Relations:
Elliot Grundmanis, 646-802 2469
elliot.grundmanis@hbc.com
or
Media:
Andrew Blecher, 646-802-4030
andrew.blecher@hbc.com

Source: Hudson's Bay Company

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