Kohl’s Sends Letter to Shareholders Highlighting Board Leadership and Robust Process

*Kohl’s Board has overseen a fundamental transformation to accelerate growth and profitability
*Kohl’s Board is running a robust and intentional process to evaluate interest from multiple parties
*Macellum’s slate lacks the right skills and experience – six of ten nominees have never served on a public company board
*Macellum presents hollow agenda and has offered no value-enhancing ideas
*Kohl’s urges shareholders to VOTE FOR ALL 13 of the Company’s highly qualified Directors on the BLUE Proxy Card today
*For more information, investors can visit www.KohlsMomentum.com

Kohl’s Corporation (NYSE: KSS) (“Kohl’s” or the “Company”) today mailed a letter to shareholders detailing the steps the Board has taken to maximize shareholder value, including the robust and intentional process to evaluate potential bids. The letter also summarizes Macellum’s shifting narrative and short-term focus on a sale of the Company at any price.
https://investors.kohls.com/news-releases/news-details/2022/Kohls-Sends-Letter-to-Shareholders-Highlighting-Board-Leadership-and-Robust-Process/default.aspx

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