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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;5. Stock Repurchase Programs&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;Under our previously announced stock repurchase programs, shares of Hudson City Bancorp common
   stock may be purchased in the open market and through other privately negotiated transactions,
   depending on market conditions. The repurchased shares are held as treasury stock, which may be
   reissued for general corporate use. We have not purchased any of our common shares during the nine
   months ended September&amp;#160;30, 2010. As of September&amp;#160;30, 2010, there remained 50,123,550 shares that
   may be purchased under the existing stock repurchase programs.
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