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MAY COMPANY INDEPENDENT SHAREHOLDERS' COMMITTEE
2100 L Street, NW, Suite 210 Washington, DC 20037
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April 30, 1997
Dear May Company Shareholder:
STOP: REVIEW OUR INDEPENDENT SOLICITATION MATERIALS
Enclosed please find the proxy statement of the May Company Independent
Shareholders' Committee. This year we have a proposal designed to eliminate the
poison pill rights plan of the May Department Stores Company (the "Company")
through an amendment to the Company's by-laws.
LOOK: THE COMPANY'S PROXY CARD DOES NOT GIVE YOU AN OPPORTUNITY TO VOTE ON
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THIS IMPORTANT ISSUE.
The Company has failed to provide you with an opportunity to vote on our
anti-poison pill proposal, even though we properly informed the Company that we
would be conducting a solicitation to eliminate the poison pill rights plan
almost two months ago. The Company states in its proxy statement that it will
use its discretionary authority to vote against our anti-poison pill proposal --
the Company has designed its proxy so that you do not have a specific chance to
vote on this issue!
LISTEN: TO NEWS REPORTS ABOUT THE LAWSUIT WE ARE FILING TO STOP THE COMPANY FROM
DISENFRANCHISING ITS SHAREHOLDERS.
We will be filing suit to stop the Company from using its discretionary
authority on its proxy card to vote on our anti-poison pill proposal. We think
it is illegal for Company management to be notified in advance about an
important proposal and then try to keep shareholders from voting on it.
Our proxy card seeks your support on every issue scheduled to come before the
annual meeting, including the anti-poison pill proposal. Our card does not
grant us any discretionary authority to vote on matters not listed on our card.
The proxies named on management's card will have authority to vote on other
matters which may properly come before the meeting.
Please feel free to call us at (202)785-5690 if you have any questions. Thank
you for your consideration.
Sincerely,
/s/ Michael R. Zucker
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Michael R. Zucker
For the May Company Independent Shareholders' Committee
The following may be deemed to be "participants" in this solicitation: The Union
of Needletrades, Industrial and Textile Employees ("UNITE"), the Southern
Regional Joint Board of UNITE, owner of 50 shares of May Department Stores
Company Common Stock and four of its employees, Michael R. Zucker, Marka
Peterson, Benjamin Hensler, and Yvonne McNeese.
