Tranche Update on Sears Hometown and Outlet Stores, Inc.'s Equity Buyback Plan announced on August 30, 2013.

Sears Hometown Stores, Inc., formerly Sears Hometown and Outlet Stores, Inc., is a national retailer primarily focused on selling home appliances, lawn and garden equipment, tools, and hardware. In addition to merchandise, the Company provides its customers with access to a suite of related services, including home delivery, installation, and extended-service plans. The Company operates through Sears Hometown segment (Hometown). Its Hometown stores are designed to provide its customers with in-store and online access to selection of national brands of home appliances, lawn and garden equipment, tools, sporting goods and household goods. The Company's Hometown segment operates through four formats: Sears Hometown Stores (Hometown Stores), Sears Hardware Stores (Hardware Stores), Sears Home Appliance Showrooms (Home Appliance Showrooms) and Buddy's Home Furnishing Stores (Buddy's Stores).