Press Release

DBRS Discontinues Sears Canada Issuer Rating

Consumers
August 17, 2011

DBRS has today discontinued the Issuer Rating of Sears Canada Inc. The rating has been discontinued at the request of the issuer.

Note:
The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.