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Brown Shoe Issues Investor Presentation; Will Webcast Presentation at Bank of America's Investment Conference on September 19

ST. LOUIS, September 15, 2005 – Brown Shoe Company, Inc. (NYSE:BWS), today issued an updated investor presentation and announced that its management will present a business overview, including confirmation of prior guidance, at Bank of America’s 35th Annual Investment Conference in San Francisco, CA at 11:00 a.m. (Pacific time) / 2:00 p.m. (Eastern time) on September 19th.

The session with slides and the Q&A segment will be webcast. The webcast is available via the following link: http://www.veracast.com/webcasts/bas/35th-annual-2005/id09108377.cfm. The webcast will be archived and available until October 7, 2005.

You may view Brown Shoe's complete investor presentation book using Adobe Acrobat by clicking on the link below.

9_2005_BWS_Pres2.pdf

NOTE: This presentation was issued by Brown Shoe Company, Inc. on the date specified on the presentation. We believe the information contained was accurate when the presentation was issued. We have not undertaken any responsibility to update this information, however, and you should not assume that the contents of this presentation are accurate as of any date other than the date of its release.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements, including without limitation, the statement concerning confirmation of prior guidance. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These include (i) general economic conditions and the consumer’s preferences and purchasing patterns, which may be influenced by consumers' disposable income; (ii) the uncertainties of pending litigation; (iii) intense competition within the footwear industry; (iv) political and economic conditions or other threats to continued and uninterrupted flow of inventory from Brazil and China, where the Company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (v) the integration of the Bennett business; and (vi) the Company’s ability to successfully implement its plan to strengthen the Naturalizer brand. The Company's reports to the Securities and Exchange Commission contain detailed information relating to such factors. Some of the statements herein, as indicated, speak only as of the date they were initially made. The Company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.
— September 15, 2005