Jos. A. Bank Terminates Men's Wearhouse Acquisition Proposal

Jos. A. Bank Clothiers, Inc.

today sent a letter to the Chief Executive Officer of The Men's Wearhouse, Inc.

terminating its all-cash proposal to purchase Men's Wearhouse for $48 per share. As previously reported, Jos. A. Bank had advised the board of directors of Men's Wearhouse that Jos. A. Bank would terminate its proposal if the board did not engage in good faith negotiations by November 14, 2013. The November 14 deadline has passed with Men's Wearhouse having failed to engage in such discussions. Jos. A. Bank continues to believe that a transaction could be in the best interest of the respective shareholders of the two companies. If, in the future, we are invited by the Men's Wearhouse board to discuss our acquisition of Men's Wearhouse, or if circumstances were otherwise to change, Jos. A. Bank may consider whether a new proposal to acquire Men's Wearhouse is warranted. The full text of the letter to Men's Wearhouse can be found below. November 15, 2013 Mr. Douglas S. Ewert, Chief Executive Officer The Men's Wearhouse, Inc. 6100 Stevenson Boulevard Freemont, California 94538 Dear Doug: On September 18, 2013, Jos. A. Bank made a confidential, non-binding