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Press release from Business Wire

Capital One and Neiman Marcus Announce Extended Contract for Private Label Credit Card

Monday, August 05, 2013

Capital One and Neiman Marcus Announce Extended Contract for Private Label Credit Card

08:05 EDT Monday, August 05, 2013

MCLEAN, Va. (Business Wire) -- Capital One Financial Corporation (NYSE: COF) and Neiman Marcus Inc. today announced a multi-year extension of their private label credit card program agreement. The partnership with Neiman Marcus enables consumers to have expanded buying power. Neiman Marcus' high standard of customer service extends through its private label credit card program which offers cardholders access to the InCircle® loyalty program, exclusive offers, unique financing and online payment services.

“Capital One is committed to offering customers superior products and we value the importance of working with such an iconic brand and valued partner like Neiman Marcus,” said Bill Cilluffo, EVP of Card Partnerships at Capital One. ”We're looking forward to continuing our alliance with Neiman Marcus, and working together to provide high value products and services to our customers.”

“Neiman Marcus is pleased to partner with a company that shares our commitment to exceptional customer service,” said Jim Skinner, COO and CFO of Neiman Marcus, Inc. “We look forward to deepening our relationship with Capital One to insure our customers continue to experience outstanding service and innovative products.”

Capital One's continued partnership with Neiman Marcus Inc. reinforces the company's commitment to building its credit card partnership business.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $209.9 billion in deposits and $296.5 billion in total assets as of June 30, 2013. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

Capital One is committed to driving industry leading rewards by consistently engaging its customers with rich rewards, perks and benefits. The No Hassle Rewards®  program from Capital One offers easy ways to earn rewards and a flexible suite of redemption options including travel, cash back, merchandise, gift cards, experiential rewards and more. With No Hassle Rewards, there's no limit to the amount of rewards a customer can earn and rewards don't expire.

About Neiman Marcus Group

Neiman Marcus, Inc. operations include the Specialty Retail Stores segment and the On-line segment. The Specialty Retail stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The On-line segment conducts direct to consumer operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names. For more information, visit neimanmarcusgroup.com.

Capital One Financial Corporation
Sukhi Sahni, 703-720-2390
sukhi.sahni@capitalone.com

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