Brown Group Declares Regular Quarterly Dividend

ST. LOUIS, Mo. (WIRE NEWS), May 27, 1999 -- The Board of Directors of Brown Group, Inc. (NYSE: BG) today declared a quarterly dividend of 10 cents per share, payable July 1, 1999 to shareholders of record on June 7, 1999.

This dividend will be the 306th consecutive quarterly dividend paid by the company.

Brown Group, Inc. is a $1.6 billion footwear company with worldwide operations. The company operates the Famous Footwear, Naturalizer and F. X. LaSalle chains of footwear retail stores and markets leading brands including Naturalizer, Life Stride, Naturalsport, Buster Brown, and licensed brands including Dr. Scholl's, Barbie, Disney and Star Wars character footwear.

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