A&F Issues Release Confirming Engaged Capital Has Submitted a Notice to Nominate Five Board Members

Abercrombie & Fitch Co. (NYSE: ANF) todayconfirmed that Engaged Capital, which owns approximately 0.58% of theoutstanding shares of Abercrombie & Fitch, has submitted notice to nominatefive candidates to stand for election to the Abercrombie & Fitch Board ofDirectors at the Company's 2014 Annual Meeting of Shareholders.Arthur Martinez, the newly appointed Non-Executive Chairman of the Board,said, "Abercrombie & Fitch is committed to continued engagement with itsshareholders, including regarding corporate governance matters. Thiscommitment has already resulted in the appointment of three new, highlyexperienced independent directors and the separation of the positions of CEOand Chairman."  Martinez added, "As we have communicated during numerous discussions withEngaged Capital, I am committed, and the entire Abercrombie & Fitch Board iscommitted, to continue taking significant steps to strengthen and enhancecorporate governance as the company moves into the next phase of growth."Recently, the Board appointed three new independent directors - Arthur C.Martinez, former Chairman and CEO of Sears, Roebuck and Co., Terry Burman,former CEO of Signet Jewelers Ltd and Charles R. Perrin, former Chairman andCEO of Avon Products, Inc. Among other notable governance enhancements, theBoard also separated the roles of Chairman of the Board and Chief ExecutiveOfficer, terminated the Company's Shareholder Rights Plan, implementedmajority voting in uncontested elections, established stock ownershipguidelines for executive officers and directors, and established directorresignation policies.  In addition, the Company created the position of Chief Operating Officer toensure Abercrombie & Fitch is organized for renewed growth and success goingforward, as well as brand president positions to oversee the Abercrombie &Fitch and abercrombie kids brands, and the Hollister brand, respectively.These brand presidents will support succession planning and will enableAbercrombie & Fitch to benefit from fresh perspectives on brand development,as the Company works to achieve its potential and strengthen its business.  Abercrombie & Fitch will review Engaged Capital's director nominations as partof its normal process and will present its recommendation with respect to theelection of directors in its proxy statement, which will be filed with theSecurities and Exchange Commission at a later date. The date of the Company's2014 Annual Meeting of Shareholders has not yet been announced, andshareholders are not required to take any action at this time.