Sycamore Partners To Extend Offer To Acquire The Talbots, Inc.

In connection with the previously announced merger agreement, Sycamore Partners today announced that TLB Merger Sub Inc. (an affiliate of Sycamore Partners) has extended the expiration of its tender offer to acquire all of the outstanding shares of common stock, and the associated stock purchase rights, of The Talbots, Inc.

(the "Company") for $2.75 per share, net to the seller in cash, without interest, and less any applicable withholding taxes, to 5:00 p.m., New York City time, on Friday, July 27, 2012, unless further extended.