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Letter of Transmittal - Registered Holders
Investors who are registered holders of May common stock should have received a packet of information in the mail from The Bank of New York within approximately two weeks of the August 30, 2005 Effective Date of the merger. This packet has information on how to exchange May common stock for the merger consideration, which is $17.75 in cash and 0.3115 shares of Macy's, Inc. common stock, plus cash in lieu of fractional shares, for each share of May common. If you are a registered May shareholder and have not received your packet, please call The Bank of New York at 1-800- 292-2301.
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