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Press release from Business Wire

Dillard's, Inc. Announces Additional Share Repurchase Program and Declares Cash Dividend

Tuesday, February 22, 2011

Dillard's, Inc. Announces Additional Share Repurchase Program and Declares Cash Dividend16:59 EST Tuesday, February 22, 2011 LITTLE ROCK, Ark. (Business Wire) -- Dillard's, Inc. (NYSE: DDS) (the “Company” or “Dillard's”) today announced that the board of directors has authorized an additional share repurchase program authorizing the Company to repurchase up to $250 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions. At January 29, 2011, remaining authorization under the Company's $250 million program authorized by the board in August 2010 was $18.7 million. Additionally, the board of directors declared a cash dividend of 4 cents per share on the Class A and Class B Common Stock of the Company payable May 2, 2011 to shareholders of record as of March 31, 2011. Dillard?s, Inc.Julie J. Bull, 501-376-5965