Target Insight Deck By Sandy Skrovan Research Director - US July 2012 A Service

2 Contents 1.Introduction 2.Major Strategic Initiatives 3.Key Markets 4.Conclusions & Implications 5.Further Reading All data correct at time of publishing.

3 Introduction

4 Corporate Structure Introduction1 Gregg Steinhafel Chairman, CEO Gregg Steinhafel Chairman, CEO USA HQ: Minneapolis, MN Key Executives: EVP & CFO Doug Scovanner EVP – Stores Tina Schiel EVP & CIO Beth Jacobs SVP – Merchandising Kathy Tesija Key Executives: EVP & CFO Doug Scovanner EVP – Stores Tina Schiel EVP & CIO Beth Jacobs SVP – Merchandising Kathy Tesija Canada HQ: Mississauga, ONT President, Target Canada Tony Fisher President, Target Canada Tony Fisher President, Target Financial Services Terrence Scully President, Target Financial Services Terrence Scully Retail SegmentCredit Card Segment

5 Target ranks #13 among the world’s largest retailers, and is growing. Target is the third largest retailer in the USA, active in virtually all states. Its first cross-border foray will come in early 2013 when it launches in Canada. Introduction1 ActiveSeed operation Source: Planet Retail