LOS ANGELES, Feb 19, 2006 / --- As reported earlier, Federated Department Stores, Inc. had plans to divest 13 duplicate locations of its stores as a result of its acquisition of The May Department Stores Company. Last Friday, the company announced the names of the 15 locations that will be sold to Westfield.

Of the 15 names on the list, one will be Hecht's Wheaton Plaza in Wheaton, MD; one will be Macy's Richland Mall in Mansfield, OH and the Macy's at Trumbull Shopping Park, Trumbull, CT.

The twelve remaining are all located in California and they are either Macy’s or Robinsons – May outlets.

One agreement with Westfield involves a tax-deferred like kind exchange of 12 stores for 12 department store properties currently owned by Westfield and leased to Federated (acquired by Federated in the May Company acquisition).

The remaining three stores will be sold to Westfield for $18.5 million in cash via a separate purchase and sale agreement.

Federated said proceeds from this transaction will be included in the $400 million to $500 million of after-tax proceeds expected from the sale of duplicate stores nationwide, as previously announced.

Clearance sales at all stores being acquired by Westfield (except for West Covina) began on Jan. 29, 2006. Macy's will continue to serve customers in these malls, including in locations where May Company nameplates will be converted to Macy's.

The transactions with Westfield are expected to be completed in the second quarter of 2006.