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About Sears

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News Release
    TORONTO, Jan. 20 /CNW/ - (TSX: SCC) - The Board of Directors of Sears
Canada Inc. today declared a quarterly dividend of 6 cents a share on all
common shares of the Corporation.
    The dividend is payable on the 14th day of March, 2003 to shareholders of
record on the 14th day of February, 2003.



For further information: Contact: Vince Power, Sears Canada Inc.,   
(416) 941-4422