Target Corporation Announced The Final Results to Purchase for Cash up to $1,000,000,000

Target Corporation announced the final results of its previously announced tender offers (the “Tender Offers”) to purchase for cash up to $1,000,000,000 (the “Maximum Payment Amount”) of its notes and debentures (collectively, the “Notes”), which commenced on June 17, 2014 and expired at 11:59 p.m., New York City time, on July 15, 2014 (the “Expiration Date”).

Target has accepted for purchase $725,236,000.00 aggregate principal amount of Notes validly tendered and not validly withdrawn. Target will pay aggregate Total Consideration and Late Tender Offer Consideration of $999,999,150.10 for the Notes accepted for purchase.

As further explained in the offer to purchase and related letter of transmittal, each dated June 17, 2014 (the “Tender Offer Documents”), Target accepted the Notes for purchase in accordance with the “Acceptance Priority Levels”. Target accepted for purchase 100% of the Notes.

Due to oversubscription, Target accepted for purchase on a pro rata basis approximately 18% of the Notes at Acceptance Priority Level 2. Target has not accepted for purchase any of the Notes at Acceptance Priority Levels 3 through 6. Target expects to make payment for the applicable Notes accepted for purchase in same-day funds on July 16, 2014. The Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company or otherwise returned in accordance with the Tender Offer Documents.

Holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on June 30, 2014 (such date and time, the “Early Tender Date”) are eligible to receive the “Total Consideration”.