May 9, 2003,
Troy, MI — Kmart has posted a page on its Web site attempting to explain why its former common stock is no longer any good.
On a page titled "Shareholder FAQ's" the retailer answered questions such as, "Is there still a trading market for Kmart Corporation common stock?" (No.) "Why aren't the holders of Kmart's former common stock receiving any distribution…?" (They are the lowest in priority.) "Will holders of Kmart's former common stock receive a certificate reflecting their interests in, or rights to receive proceeds, if any, from the Creditors' Trust?" (No.)
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