All statements, other than statements ofhistorical facts, which address activities, events or developments that theCompany expects or anticipates will or may occur in the future, including, butnot limited to, such things as future capital expenditures, expansion,strategic plans, dividend payments, stock repurchases, growth of the Company’sbusiness and operations, including future cash flows, revenues and earnings,and other such matters are forward-looking statements. military actionoverseas, the ability of the Company to execute its business plans effectivelywith regard to each of its business units, risks associated with foreignglobal sourcing, including political instability, changes in importregulations, and disruptions to transportation services and distribution. Anychanges in such assumptions or factors could produce significantly differentresults. The Company undertakes no obligation to update forward-lookingstatements, whether as a result of new information, future events, orotherwise FOOT LOCKER, INC. Condensed Consolidated Balance Sheets (unaudited)(In millions)May 2, May 3, 2009 2008AssetsCURRENT ASSETSCash, cash equivalents and short-term investments $431 $502Merchandise inventories 1,2371,391Other current assets2152601,8832,153Property and equipment, net 429526Deferred tax assets 350239Other assets307417 $2,969 $3,335Liabilities and Shareholders’ EquityCURRENT LIABILITIESAccounts payable $292 $335Accrued and other liabilities 201263493598Long-term debt and obligations under capital leases 142219Other liabilities 383255SHAREHOLDERS’ EQUITY1,9512,263 $2,969 $3,335FOOT LOCKER, INC. Store and Estimated Square Footage (unaudited)(Square footage in thousands) May 2,May 3,May 5,200920082007Foot Locker U.S. Brown, Senior Vice President, Chief Information Officer and InvestorRelations of Foot Locker, Inc., +1-212-720-4254.

CHICAGO–(Business Wire)–Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and outstandingdebt ratings of Companhia Siderurgica Nacional (CSN) and related issuances asfollows: –Foreign currency IDR at ‘BBB-’; –Local currency IDR at ‘BBB-’; –National scale rating and local debenture issuances at ‘AA(bra)’; –Unsecured debt obligations issued by CSN Islands entities ‘BBB-’; National Steel S.A.(National Steel) –US$450 million 9.875% perpetual notes at ‘BB’ The Rating Outlook for CSN is Stable. The affirmation highlights CSN’s investment grade ratings and solid financialprofile ending 2008 with record results and a bolstered liquidity positionfollowing the 40% divestment of NAMISA. CSN also benefits from its verticalintegration and from having one of the world’s lowest costs of steel production,due to its ownership of the Case de Pedra iron-ore bodies, a source of very highgrade of iron ore. Fitch expects CSN to maintain its conservative capitalstructure, cost control measures and postponement of greenfield projects as partof its strategy to weather the downturn and to keep its leverage at levelsconsistent with the ‘BBB-/AA(bra)’ rating categories. CSN’s short-term debtconsists of BRL3 billion (US$1.3 billion) due in 2009 which can be comfortablymet from its cash and marketable securities position of BRL9.2 billion (US$4billion). Repayments due in 2010 and 2011 are considerably lower at below BRL720million (US$400 million) for each year. The ‘BB’ rating affirmation on National Steel’s perpetual notes reflects thefinancial strength of CSN, Vicunha Siderurgica S.A.’s (Vicunha) sole operatingsubsidiary, and the continuing expectation that CSN’s future free cash flowavailable for dividends will be sufficient to allow National Steel to serviceits debt obligations.

Dividend payments by CSN in the region of US$120 millionper year would allow National Steel to meet expected annual debt-serviceobligations of approximately US$50 million. CSN distributed total dividends ofUS$1.3 billion and US$353 million in 2008 and in 2007, respectively. NationalSteel’s debt obligations are structurally subordinated to those of CSN, as itsonly source of income consists of the dividends received indirectly from CSN. Downward pressure on the ratings or a Negative Outlook could occur through acombination of factors, such as a prolonged duration of depressed demand forsteel products in Brazil which accounted for 85% of CSN’s consolidated revenuesin 2008 leading to consistently negative cash flows, a significant reduction inCSN’s sizeable cash and marketable securities position, and large debt-fundedacquisitions. Fitch may revise CSN’s Outlook to Positive Outlook or upgrade theratings if CSN successfully maintains a conservative capital structurethroughout the challenging environment and being well-positioned heading intothe next growth cycle. CSN’s first-quarter 2009(1Q’09) net revenues totaled BRL2.4 billion (US$1billion), a 19% decrease from BRL3 billion (US$1.3 billion) during 1Q’08, withthe first quarter EBITDA down 47% to BRL683 million (US$295 million) compared to1Q’08.

The EBITDA margin for the most recent quarter recorded 28%, a 14% declinefrom the first three months of 2008, and net income registered a 52% decline to1Q’08 at BRL369 million (US$159 million). Mitigating some of these declines, iron ore sales totaled 5.4 million tons inthe first quarter, a new company record, of which exports accounted for 4.9million tons. Mining net revenue accounted for 26% of total net revenue in 1Q’09with its share set to increase as a result of CSN’s sizeable iron-ore expansionproject. On a last-twelve-month (LTM) calculated EBITDA of BRL6 billion (US$2.6billion), total debt/EBITDA was 2.0x and net debt/EBITDA was 0.5x. The low netleverage is a direct result of maintaining the BRL9.2 billion (US$4 billion)cash and marketable securities position throughout the challenging 1Q’09.

CSN reported 22.4% net revenue growth to BRL14 billion (US$7.8 billion) forfiscal year end-2008 (FYE08), a significant increase from BRL11.4 billion(US$5.9 billion) in FY07. EBITDA in FY08 increased by 35% to BRL6.6 billion(US$3.7 billion) from BRL4.9 billion (US$2.4 billion) in FY07, the highest yetachieved by the company. EBITDA margins also increased to a record 47% in FY08from 41.2% in FY07. CSN has not recorded an EBITDA margin below 40% for almosteight years due to its vertical-integration and extremely low cost ofproduction. As a result of owning a large iron ore asset with high iron content,CSN is able to produce quality slabs at prices amongst the lowest in the world.FY08 net income of just under BRL5.8 billion (US$3.2 billion) was almost doubleFY07’s net income of BRL2.9 billion (US$1.5 billion). Free cash flow (FCF)reported for FY08 was negative BRL223 million (US$124 million), compared to apositive FY07 position of BRL627 million (US$322 million). The negative FCF inFY08 is attributable to the large capital expenditure relating to CSN’s iron oreexpansion project.