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

June 8, 2006


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

- and -

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

TORONTOOn June 7, 2006 , the Commission issued an Amended 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. and the application of Sears Holdings Corporation and SHLD Acquisition Corp.

A copy of the Amended Notice of Hearing and Applications are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

- 30 -

For media inquiries:

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

 

Laurie Gillett
Manager, Public Affairs
416-595-8913

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