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Target Corporation:

Policies

Target Corporation is committed to conducting business lawfully and ethically. Every team member is obligated to act at all times with honesty and integrity. We expect you to bring good judgment and a sense of integrity to your business decisions. While it is not possible to list all policies and laws to be observed, or all conflicts of interest or prohibited business practices to be avoided, this Business Conduct Guide serves to detail the corporation’s expectations for team member conduct and helps team members make the right decisions. Team members are expected to know the corporation’s policies and comply with them.

Target establishes its policies by recognizing its vision of Best Company Ever.

Best with Guests – Honest and fair dealing creates a bond between Target and its guests.

Best with Team Members – Our reputation for integrity is essential to our ability to recruit and

retain the talented team members who will help us achieve success.

Best in the Community –The values that we demonstrate create the trust and open dialogue

that support partnerships in the communities in which we work and live.

Best with Shareholders – Responsible corporate governance practices and accurate financial

reporting are the foundations of our support from the financial markets.

Policies based on:

Advertising- Target advertising must be clear and accurate and comply with applicable law. Our advertising must also comply with the laws relating to product information, pricing, comparative pricing, product availability, credit terms, warranty statements,