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Toys 'R' Us, Inc. Announces the Appointment of Frank Noonan as Outside Board Member

WAYNE, N.J., March 10 /PRNewswire-FirstCall/ -- Toys "R" Us, Inc. (NYSE: TOY) today announced the appointment of Frank Noonan, Former Chairman and Chief Executive Officer of R.H. Donnelley in Purchase, NY, to its Board of Directors. Mr. Noonan was elected to the Board on March 2, 2004 and will stand for reelection at the company's annual meeting on June 2, 2004. John Eyler, Chairman and CEO of the company, made the announcement.

"Toys "R" Us feels very fortunate to welcome an individual of such high caliber to our Board," said Eyler. "Frank's extensive financial and operating background will bring additional dimension to our board as we continue our strategic evaluation. We look forward to the insight and perspective he will bring to our company as we continue to grow our business."

Noonan spent 11 years with R.H. Donnelley. Under his leadership, the R.H. Donnelley Company completed a successful spin-off from its parent company, Dun & Bradstreet and, more recently, the acquisition of Sprint Publishing and Advertising, which created the nation's largest public stand-alone publisher of yellow pages directories.

Prior to that, Mr. Noonan was with Dun & Bradstreet Corporation as Senior Vice President -- Finance and a Board Member until 1998. Before Dun & Bradstreet, he was Senior Vice President and Chief Financial Officer with UNUM Corporation. He also spent more than fifteen years in various financial and strategy positions with General Electric Company and was a First Lieutenant, Signal Corps in the U.S. Army.

He is a graduate of the University of New Hampshire and serves as a Trustee of the University's Foundation.

Toys "R" Us, one of the world's leading retailers of toys, baby products, and children's apparel currently sells merchandise through 1,498 stores worldwide: 681 toy stores in the United States; 574 international toy stores, including licensed and franchise stores; 199 Babies "R" Us stores, 40 Kids "R" Us stores and 4 Geoffrey stores, and through its Internet sites at www.toysrus.com, www.babiesrus.com, www.imaginarium.com and www.sportsrus.com.

This press release contains certain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Such statements should be considered as subject to risks and uncertainties that exist in the company's operations and business environment that could render actual outcomes and results materially different than predicted. Factors that could constitute risks are set forth in documents filed by the company with the Securities and Exchange Commission.

CONTACT:
Ursula H. Moran
Investor Relations
973-617-5756

Susan McLaughlin
Media Relations
973-617-5900
Both of Toys "R" Us, Inc.