Sears Announces Regular Quarterly Dividend

The board of directors of Sears, Roebuck and Co. (NYSE: S) today declared a regular quarterly dividend of 23 cents per share on Sears outstanding common shares, scheduled to be paid on April 2, 2001 to shareholders of record at the close of business on March 2, 2001.

Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of more than $40 billion. The company serves families throughout the country through approximately 860 department stores, approximately 2,100 specialized retail locations, and a variety of online offerings accessible through the company's Web site, http://www.sears.com/ .

SOURCE: Sears, Roebuck and Company

Contact: Media, Peggy A. Palter of Sears, Roebuck and Company,
847-286-8361

Website: http://www.sears.com/