Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

May 18, 2006


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

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IN THE MATTER OF
SEARS CANADA INC.,
SEARS HOLDINGS CORPORATION,
AND SHLD ACQUISITION CORP. 

TORONTOOn May 17, 2006 , the Commission issued a Notice of Hearing pursuant to subsection 104(1) and section 127 of the Securities Act to consider the Application of Hawkeye Capital Management, LLC, Knott Partners Management LLC and Pershing Square Capital Management, L.P. (the “Application”).

A copy of the Notice of Hearing, the Application, Letter of Response of Sears Holdings Corporation, and Notice of Application for Standing by the Bank of Nova Scotia is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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For media inquiries:

Wendy Dey
Director, Communications
and Public Affairs
416-593-8120

 

Mark Gidwani
Communications Officer
416-593-2315

For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)