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Brown Shoe Declares Regular Quarterly Dividend

12/10/2009

The Board of Directors of Brown Shoe Company, Inc. (NYSE: BWS) declared a quarterly dividend of $0.07 cents per share, payable January 4, 2010 to shareholders of record on December 21, 2009.

This dividend will be the 348th consecutive quarterly dividend paid by the company.

Brown Shoe is a $2.2 billion footwear company with global operations. Brown Shoe's Retail division operates Famous Footwear, the more than 1,100-store chain that sells brand name shoes for the family, approximately 300 specialty retail stores in the U.S., Canada, and China primarily under the Naturalizer brand name, and footwear e-tailer shoes.com. Through its wholesale divisions, Brown Shoe markets leading footwear brands including Naturalizer, Dr. Scholl's, Franco Sarto, LifeStride, Etienne Aigner, Via Spiga, Sam Edelman and Buster Brown. Brown Shoe press releases are available on the Company's website at www.brownshoe.com.

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