The Spiegel Group today announced that its board of directors has declared a quarterly dividend of four cents per share on the company's common stock. The dividend is payable on August 21, to stockholders of record on August 14, 2000.

Spiegel, Inc (Nasdaq: SPGLA) is a leading international specialty retailer marketing fashionable apparel and home furnishings to customers through catalogs, more than 550 specialty retail and outlet stores and six e-commerce sites (eddiebauer.com, eddiebauerhome.com, eddiebaueroutlet.com, newport-news.com, spiegel.com, and ultimate-outlet.com). The Spiegel Group's businesses include Eddie Bauer, Newport News, Spiegel and First Consumers National Bank. The company's Class A Non-Voting Common Stock trades on the NASDAQ National Market System under the ticker symbol: SPGLA. Investor relations information is available on The Spiegel Group website (thespiegelgroup.com).