ISS, Glass Lewis Recommend rue21 Holders Vote FOR Proposed Deal with Apax

rue21, inc. (NASDAQ: RUE) (“rue21”), a leading specialty apparel retailer ofgirls and guys apparel and accessories, today announced that the two leadingindependent proxy voting advisory firms, Institutional Shareholder Services(ISS) and Glass Lewis & Co., have both recommended that rue21 shareholdersvote ‘FOR' the proposed acquisition by Apax Partners.As previously announced on May 23, 2013, rue21 entered into a definitiveagreement under which funds advised by Apax Partners will acquire alloutstanding shares of rue21 for $42.00 per share in cash.A special meeting of rue21's stockholders to consider and vote on theacquisition is scheduled to be held on September 19, 2013 at 9:00 a.m. EasternTime at the Company's headquarters at 800 Commonwealth Drive, Warrendale,Pennsylvania 15086. rue21 stockholders of record as of the close of businesson August 5, 2013 will be entitled to vote at the Special Meeting.The SKM II funds, which collectively own approximately 30% of the outstandingshares of rue21, have entered into a support agreement to vote their shares infavor of the transaction with Apax Partners. The transaction with ApaxPartners is subject to approval of stockholders, including a majority of therue21 stockholders unaffiliated with the SKM II funds and certain otherspecified stockholders as well as other customary closing conditions.If rue21 stockholders have questions about the Special Meeting or requireassistance in voting their proxies, they should call rue21's proxy solicitor,Georgeson Inc., at 866-295-8105.