Ascena Retail Group Announces Two-for-One Stock Split

Ascena Retail Group, Inc.

announced that the Board of Directors today declared a two-for-one stock split of its common stock. Stockholders of record as of March 20, 2012 will receive one additional share of common stock for each share of common stock they own on that date. The additional shares will be distributed on April 3, 2012. The Company had 76,885,796 shares of common stock outstanding as of March 7, 2012. The Company expects the adjusted number of shares outstanding and adjusted per-share stock price to be reported by the NASDAQ Stock Market, effective April 4, 2012.