Express, Inc. And Sycamore Partners Announce Termination Of Discussions

Express, Inc. ("Express")

and Sycamore Partners today announced that despite having worked together in good faith towards a transaction over the past several months, discussions regarding Sycamore Partners' expressed interest in acquiring Express have been terminated due to the unavailability of financing on commercially acceptable terms. In connection with such termination, Sycamore Partners has agreed to be bound until June 15, 2015, by certain restrictions relating to, among other things, the disclosure of certain information and its ability to contact or enter into an arrangement with third parties for the purpose of acquiring Express.