Financial News Release

Target Confirms Unauthorized Access to Payment Card Data in U.S. Stores
12/19/13
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Issue has been identified and resolved

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 19, 2013-- Target today confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target is working closely with law enforcement and financial institutions, and has identified and resolved the issue.

“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,” said Gregg Steinhafel, chairman, president and chief executive officer, Target. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”

Approximately 40 million credit and debit card accounts may have been impacted between Nov. 27 and Dec. 15, 2013. Target alerted authorities and financial institutions immediately after it was made aware of the unauthorized access, and is putting all appropriate resources behind these efforts. Among other actions, Target is partnering with a leading third-party forensics firm to conduct a thorough investigation of the incident.

More information is available at Target’s corporate website. Guests who suspect unauthorized activity should contact Target at: 866-852-8680.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,921 stores – 1,797 in the United States and 124 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit target.com/corporateresponsibility.

For more information, visit Target.com/Pressroom.

Source: Target Corporation

Target Corporation
John Hulbert, 612-761-6627
Investor Relations
or
Target Media Hotline, 612-696-3400