Sears Holdings Statement on Timing for Payment to Sears Canada Shareholders Tendering to the Company's Offer

Sears Holdings Corporation (NASDAQ: SHLD) issued the following today:

"In response to inquiries from Sears Canada shareholders regarding the timing for payment for Sears Canada common shares tendered to the take-over bid by SHLD Acquisition Corp., Sears Holdings advises that any common shares tendered to the offer will be taken up and paid for not later than 10 days after their tender."

About Sears Holdings Corporation

Sears Holdings Corporation is the nation's third largest broadline retailer, with approximately $55 billion in annual revenues, and with approximately 3,900 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. It also has Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The Company is the nation's largest provider of home services in the U.S., with more than 13 million service calls made annually. For more information, visit Sears Holdings' website at http://www.searsholdings.com/ .

SOURCE: Sears Holdings Corporation

CONTACT: Sears Holdings Public Relations, +1-847-286-8371

Web site: http://www.searsholdings.com/