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Dividends/IRS Form 8937

February 2, 2018: Public Notice of Calendar Year 2017 Dividends Paid in accordance with IRC §6045B

Stein Mart, Inc. has paid two dividends to common shareholders in calendar 2017 through April 14, 2017. Pursuant to Internal Revenue Code Section 6045B, we are reporting to all holders of record the estimated character of these payments. Based upon
our estimate of earnings and profits for 2017, 0% of these distributions constitute taxable dividends and 100% of these distributions constitute a return of capital. Final 2017 operating results for Stein Mart, Inc. could result in a change in our estimated earnings and profits and to the character of these dividends reported below. If that happens, we will update our public notice as necessary.

We encourage holders of record to consult their tax advisor for proper treatment of any Stein Mart, Inc. distributions included in their 2017 tax return. The determination of the tax treatment of distributions (dividend vs. return of capital) is reported to shareholders on Form 1099-DIV.

Additional information about this may be obtained by contacting Stein Mart, Inc. Director of Investor Relations, Linda Tasseff at 904-858-2639 or email ltasseff@steinmart.com.

Form 8937 for Calendar Year 2017 Distributions Paid Through April 14, 2017 - Posted February 2, 2018