TOYS ''R'' US - DELAWARE, INC. ANNOUNCES RECEIPT OF REQUISITE CONSENTS IN ITS PREVIOUSLY ANNOUNCED TENDER OFFER AND RELATED CONSENT SOLICITATION FOR THE OUTSTANDING 8-3/4% DEBENTURES DUE SEPTEMBER 1, 2021.

WAYNE, N.J., November 16, 2006-Toys "R" Us - Delaware, Inc. ("Toys Delaware"), a subsidiary of Toys "R" Us, Inc., announced today that $177,073,000 (or 88.5%) of the outstanding $200,000,000 principal amount of 8-3/4% Debentures due September 1, 2021 of Toys "R" Us, Inc. and Toys Delaware (CUSIP No. 892335AC4) (the "Debentures") had been tendered and not withdrawn on or prior to 5:00 p.m., New York City time, on November 15, 2006 (the "Consent Payment Deadline") in its previously announced tender offer to purchase any and all of the outstanding Debentures. Accordingly, Toys Delaware received the consents from holders of a majority in outstanding principal amount of the Debentures to effect certain amendments to the indenture governing the Debentures.

Toys Delaware, Toys "R" Us, Inc. and the trustee have entered into a supplemental indenture giving effect to the amendments. The amendments will not become operative unless and until Toys Delaware has accepted for purchase all Debentures that are validly tendered and not withdrawn pursuant to the tender offer and consent solicitation.

Consummation of the tender offer and consent solicitation, and payment of the Tender Offer Consideration and Consent Payment are subject to the satisfaction or waiver of various conditions.

The complete terms and conditions of the tender offer and consent solicitation are described in the Offer to Purchase and Consent Solicitation Statement dated November 2, 2006, copies of which may be obtained from D.F. King & Co., Inc., the information agent for the tender offer and consent solicitation, at 800-758-5378 (toll free) or 212-269-5550 (banks and brokers).

Banc of America Securities LLC is the exclusive dealer manager and solicitation agent in connection with the tender offer and consent solicitation. Questions regarding the tender offer or consent solicitation may be directed to Banc of America Securities LLC, High Yield Special Products, at 888-292-0070 (U.S. toll free) or 704-388-9217 (banks or brokers).

THIS ANNOUNCEMENT IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL OR A SOLICITATION OF CONSENTS WITH RESPECT TO THE DEBENTURES. THE TENDER OFFER AND CONSENT SOLICITATION ARE BEING MADE SOLELY BY THE OFFER TO PURCHASE AND CONSENT SOLICITATION STATEMENT DATED NOVEMBER 2, 2006.

Toys "R" Us, Inc. is the world's leading specialty toy retailer. Currently it sells merchandise through more than 1,400 stores, including 587 stores in the U.S. and 658 international toy stores, including licensed and franchise stores as well as through its Internet site at www.toysrus.com. Babies "R" Us is the largest baby product specialty store chain in the world and a leader in the juvenile industry, and sells merchandise through 245 stores in the U.S. as well as on the Internet at www.babiesrus.com.

This press release contains "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. All statements herein that are not historical facts, including statements about our beliefs or expectations, are forward-looking statements. We generally identify these statements by words or phrases such as "anticipate," "estimate," "plan," "expect," "believe," "intend," "foresee," "will," "may," and similar words or phrases. These statements describe, among other things, our strategy, store openings and renovations, future financial or operational performance, anticipated cost savings, results of restructurings, anticipated domestic or international developments, future financings, targets and future occurrences and trends. These statements are subject to risks, uncertainties and other factors, including, among others, competition in the retail industry, seasonality of our business, changes in consumer preferences and consumer spending patterns, general economic conditions in the United States and other countries in which we conduct our business, our ability to implement our strategy, our substantial level of indebtedness and related debt-service obligations and covenants in our debt agreements, availability of adequate financing, our dependence on key vendors of our merchandise, international events affecting the delivery of toys and other products to our stores, economic, political and other developments associated with our international operations, and risks, uncertainties and factors set forth in our reports and documents filed with the Securities and Exchange Commission (which reports and documents should be read in conjunction with this press release). We believe that all forward-looking statements are based on reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, you should not place undue reliance on these statements. Forward-looking statements speak only as of the date when made, and we undertake no obligation to update these statements in light of subsequent events or developments. Actual results and outcomes may differ materially from anticipated results or outcomes described in any forward-looking statement.

CONTACT:
For Dealer Manager:
Banc of America Securities LLC
Attn: High Yield Special Products
214 North Tryon Street
Charlotte, NC 28255
U.S. Toll Free: 888-292-0070
Call Collect: 704-388-9217

For Information Agent:
D.F. King & Co., Inc.
Toll Free: 800-758-5378 (toll free)
Banks and Brokers: 212-269-5550