Sears Holdings Corporation Announces Board Changes

Sears Holdings Corporation (NASDAQ: SHLD) today announced that Michael A. Miles and Julian C. Day have informed the company that they have decided not to stand for re- election to the board of directors at the company's scheduled annual meeting in April. Mr. Miles indicated that he plans to devote more time to personal matters, and Mr. Day will devote more time to various other business interests.

Mr. Miles joined the board of Sears Holdings at the time of the merger of Sears, Roebuck and Co. and Kmart Holding Corporation. In addition to being a director of Kmart prior to the merger and Sears Holdings after the merger, Mr. Day served as President and Chief Executive Officer of Kmart from March 2002 to October 2004.

Edward S. Lampert, Chairman of Sears Holdings, said, "I would like to thank Mike and Julian for their service on the board. During the year since the merger was completed in March, Mike has been a highly valued member of the Sears Holdings board. On behalf of the former Sears Roebuck shareholders, I would also like to thank Mike for his more than 13 years of service on that board prior to the merger."

"Julian became CEO of Kmart when Kmart emerged from bankruptcy and he led the company to substantially exceed its profit plans at a time when many others thought it would not survive," Mr. Lampert continued. "I had the opportunity to work closely with Julian during that critical two-year period, and I have continued to value his advice and counsel in the time that he has served on the board of Kmart and then of Sears Holdings Corporation. Julian was a key factor in one of the most dramatic recoveries in the history of retail and, as a director, has helped set the stage for the success of Sears Holdings."

Mr. Lampert added, "I wish both Mike and Julian well in their future endeavors."

The company announced that effective after its 2006 Annual Meeting of Stockholders on April 12, the size of its board of directors will be reduced from 11 to 9 members. Messrs. Miles and Day will continue to serve as directors of Sears Holdings until that time.

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 one of the leading retailers of 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. Sears Holdings is the nation's largest provider of home services, with more than 14 million service calls made annually. For more information, visit Sears Holdings' website at

SOURCE: Sears Holdings Corporation

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

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