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Press release from Business Wire

Brown Shoe Company Declares Regular Quarterly Dividend

Tuesday, May 22, 2012

Brown Shoe Company Declares Regular Quarterly Dividend16:02 EDT Tuesday, May 22, 2012 ST. LOUIS (Business Wire) -- Brown Shoe Company, Inc. (NYSE: BWS) (brownshoe.com) declared a quarterly dividend of $0.07 per share, payable July 2, 2012, to shareholders of record on June 18, 2012. This dividend will be the 358th consecutive quarterly dividend paid by the company. About Brown Shoe Company Brown Shoe Company is a $2.6 billion, global, footwear company that puts consumers and their needs first, by targeting the strategic Family, Healthy Living and Contemporary Fashion platforms. We have more than 130 years of experience, passion and product innovation and operate more than 1,300 Famous Footwear and Naturalizer retail stores across the United States, Canada and China. We also design, source and market many well-known wholesale shoe brands -- such as Naturalizer, Dr. Scholl's Shoes, LifeStride, Sam Edelman, Franco Sarto, Via Spiga, Etienne Aigner, Vera Wang, Avia and Ryka. -- across multiple distribution channels. In addition to our retail and wholesale operations, we maintain a strong online presence with our ecommerce sites, Famous.com, Naturalizer.com and Shoes.com. Visit brownshoe.com to learn more about us. Brown Shoe Company: feel good and live better... feet first! Brown Shoe Company, Inc.Peggy Reilly Tharp, 314-854-4134ptharp@brownshoe.com