Federated Plans Stock Split

Cincinnati, OH, March 29, 2006–Federated Department Stores Inc., said it will do a 2-for-1 stock split, if shareholders approve a plan to double the number of authorized common shares to 1 billion.

The vote will take place during the company’s annual meeting scheduled for May 19.

Federated’s board also has declared a 2 percent increase in the quarterly cash dividend payable on July 3, 2006. If the stock splits, the quarterly dividend would be 12.75 cents per outstanding common share.