The Wet Seal Comments on Letter from Clinton Group

The Wet Seal, Inc.

today issued the following statement from its Board of Directors in response to a letter received on July 23, 2012 from Clinton Group, Inc.: “The Wet Seal Board of Directors appreciates input from all of its stockholders and is committed to maximizing stockholder value. The Company has engaged in a series of discussions with the Clinton Group following their initial letter on June 15, 2012, and continues to review their recommendation regarding use of the Company's capital. Wet Seal is committed to maintaining an active dialogue with its shareholders and, as always, will continue to consider ways to maximize value for all stockholders.”