The TJX Companies, Inc. (NYSE: TJX) today announced that financial institutions representing more than 95% of eligible U.S. Visa accounts potentially affected by TJX’s unauthorized computer intrusion(s) accepted the alternative recovery offer under TJX’s previously announced Settlement Agreement with Visa U.S.A. Inc., Visa Inc. and TJX's U.S. acquiring bank. Consummation of the settlement was conditional on an 80% acceptance rate.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., commented, “Working with Visa in this cooperative effort has allowed us to reach this outcome swiftly and effectively. This accord with Visa is an example of how merchants and payment card companies can work together, which ultimately benefits consumers.”

“We are pleased with the overwhelming response from issuers and appreciate the cooperation TJX has shown during this process,” said Ellen Richey, head of global risk management for Visa Inc. “The alternative recovery solution Visa and TJX delivered to the marketplace demonstrates how payment system participants can resolve differences for the benefit of the entire system.”

Under the Settlement Agreement, TJX agreed to fund up to $40.9 million in alternative recovery payments. These costs are already reflected in the charge related to the computer intrusion(s) that TJX took in its fiscal 2008 second quarter. As previously announced, the financial institutions that accepted this alternative recovery offer will receive their payments by December 27, 2007. Each accepting issuer has waived certain rights to any other recovery through litigation or otherwise and provided certain releases of TJX and its U.S. acquiring banks.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 853 T.J. Maxx, 778 Marshalls, 289 HomeGoods, and 131 A.J. Wright stores, as well as 34 Bob’s Stores, in the United States. In Canada, the Company operates 191 Winners and 71 HomeSense stores, and in Europe, 225 T.K. Maxx stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com.

SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the results and effects of the intrusion or intrusions into our computer system including the losses and expenses we may incur (which may be different from the amount we reserved and estimated and which differences may be material) and consequences to our business (including potential effects on our reputation and our sales) and to the value of our company and related value of our stock; the terms and completion of the settlement of the customer class actions; our ability to successfully expand our store base and increase same store sales; risks of expansion and costs of contraction; our ability to successfully implement our opportunistic inventory strategies and to effectively manage our inventories; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable weather; competitive factors; factors affecting availability of store and distribution center locations on suitable terms; factors affecting our recruitment and employment of associates; factors affecting expenses; success of our acquisition and divestiture activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; our ability to execute the share repurchase program; availability and cost of financing; general economic conditions, including gasoline prices; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; import risks; adverse outcomes for any significant litigation; changes in laws and regulations and accounting rules and principles; adequacy of reserves; closing adjustments; effectiveness of internal controls; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.

Contacts:

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Investor and Public Relations
(508) 390-2323