R. Brad Martin to Depart Dillard’s Board of Directors in May

  R. Brad Martin to Depart Dillard’s Board of Directors in May

Business Wire

LITTLE ROCK, Ark. -- April 3, 2013

Dillard’s, Inc. (NYSE:DDS) (the “Company” or “Dillard’s”) announced today
that R. Brad Martin has informed the Company he will not stand for re-election
at the Annual Meeting of Stockholders on May 18, 2013. Mr. Martin, who has
served on the board since 2008, has accepted a leadership position which will
require a significant time commitment.

Dillard’s Chairman of the Board, William Dillard, II, stated, “We are truly
appreciative of Brad’s leadership over the past five years. As an experienced
retailer, Brad’s insight was invaluable as we navigated some tough years and
emerged a stronger company. We wish him the best in his new appointment and we
value his ongoing friendship.”

Mr. Martin stated, “I have enjoyed serving on the Dillard’s board and I am
truly proud of our accomplishments. Dillard’s is a terrific company with an
outstanding management team and board of directors. I remain a friend of
Dillard’s as well as a shareholder and will be following the company’s success
closely in the future.”

Mr. Martin is the former Chairman of the Board and Chief Executive Officer of
Saks Incorporated. He currently serves Dillard’s as Chairman of the Audit


Dillard’s, Inc.
Julie J. Bull, 501-376-5965
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