ascena Pays Tribute to “Fearless Girl”

NEW YORK–(BUSINESS WIRE)–After the ascena retail group, inc.’s quarterly Board of Directors
meeting, four women members left the Board Room in Times Square to pay
tribute to the “Fearless Girl” statue on Wall Street to underscore the
importance of female leadership in business and the need for gender
equity on public boards.

Four of the eight ascena Board Members are women, including Katie Bayne,
Senior Vice President, Global Sparkling Brands, The Coca-Cola Company;
Kate Buggeln, Senior Advisor, Irving Place Capital; Kay Krill, former
President and CEO of ANN INC.; and Linda Yaccarino, Chairman of
Advertising Sales & Client Partnerships at NBCUniversal.

Today, we are proud to stand in solidarity with each other and with the
“Fearless Girl” to honor the significant impact and growing influence
women have on the future of business and society,” Kay Krill said on
behalf of her colleagues on the ascena Board of Directors. “As female
leaders, we believe boards need to make meaningful progress in gender
equality NOW for the next generation of women as well as for economic

Gender parity is an issue we feel strongly about, especially as a
family of brands that serves women and girls,” said David Jaffe,
President and CEO of ascena retail group, inc. “A few years ago, we made
the very intentional decision to completely transform our Board with a
greater emphasis on gender balance and are proud to have 50% female
representation on our Board today.”

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ: ASNA) is a leading national specialty
retailer offering apparel, shoes, and accessories for women under the
Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value
Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane
Bryant and Catherines), and for tween girls under the Kids Fashion
segment (Justice). ascena retail group, inc. operates ecommerce websites
and approximately 4,900 stores throughout the United States, Canada and
Puerto Rico.

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For investors:
ICR, Inc.
James Palczynski, 203-682-8229
ascena retail group, inc.
Sue Ross, 218-491-2110