CORRECTING and REPLACING Brown Shoe Company Declares Regular Quarterly Dividend

First paragraph of release dated March 12, 2015, should read: Brown Shoe Company (NYSE: BWS)(brownshoe.com) declared a quarterly dividend of $0.07 per share, payable April 1, 2015, to shareholders of record as of March 23, 2015. (Changed March 23, 2014 to March 23, 2015)

The corrected release reads:

BROWN SHOE COMPANY DECLARES REGULAR QUARTERLY DIVIDEND

Brown Shoe Company (NYSE: BWS)(brownshoe.com) declared a quarterly dividend of $0.07 per share, payable April 1, 2015, to shareholders of record as of March 23, 2015.

This dividend will be the 369th consecutive quarterly dividend paid by the company.

About Brown Shoe Company: Brown Shoe Company is a $2.6 billion, global, footwear company whose shoes are worn by people of all ages, from all walks of life. Our products are available virtually everywhere - in the over 1,200 Famous Footwear and Naturalizer retail stores we operate, in hundreds of major department and specialty stores, on 13 branded ecommerce sites, and on many additional third-party retail websites. Through our broad range of products, we serve three key consumer platforms. Famous Footwear and Famous.com serve as our Family brands and provide one-stop-shopping destinations for high quality, affordable styles for a family’s every occasion. Active people who want comfort, style and performance, can look to our Healthy Living brands - Naturalizer, Dr. Scholl's, LifeStride and Ryka. Our Contemporary Fashion brands - Sam Edelman, Franco Sarto, Vince, Via Spiga, Fergie Footwear and Carlos Santana - keep fashionistas in step with the latest trends. At Brown Shoe Company, we inspire people to feel good and live better... feet first!