Company Update

Securities and Exchange Commission (the “SEC”) on March 11, 2021. Target has filed with the SEC a prospectus supplement, dated January 17, 2023, together with the accompanying prospectus, dated March 11, 2021, relating to the offer and sale of the Notes.   The Notes were issued pursuant to an Indenture dated as of August 4, 2000 between Target and The Bank of New York Mellon Trust Company, N.A. (as successor to Bank One Trust Company, N.A.), as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of May 1, 2007 between Target and the Trustee (as so supplemented, the “Indenture”).   The foregoing description of the Notes and related agreements is qualified in its entirety by reference to the Underwriting Agreement, the Indenture, and the forms of Notes. The Underwriting Agreement, the form of 2033 Note, and the form of 2053 Note are filed herewith as Exhibits 1.1, 4.1, and 4.2, respectively, and are incorporated by reference into the Registration Statement. The Indenture has been filed as Exhibits 4(d) and (e) to the Registration Statement. An opinion regarding the validity of the Notes and the related consent thereto are filed herewith as Exhibits 5.1 and 23.1, respectively, and are incorporated by reference into the Registration Statement.   Item 9.01 Financial Statements and Exhibits .   (d)         Exhibits .   1.1 Underwriting Agreement dated January 17, 2023. 4.1 Form of 4.400% Notes due 2033. 4.2 Form of 4.800% Notes due 2053. 5.1 Opinion of Faegre Drinker Biddle & Reath LLP. 23.1 Consent of Faegre Drinker Biddle & Reath LLP (included as part of Exhibit 5.1). 104 Cover Page Interactive Data File (formatted as Inline XBRL).     SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     TARGET CORPORATION     Date: January 24, 2023 By: /s/ Don H. Liu     Name: Don H. Liu     Title: Executive Vice President and Chief Legal & Risk Officer