The Wet Seal, Inc. Announces $25 Million Stock Repurchase Program

The Wet Seal, Inc.

today announced that its Board of Directors has authorized a program to repurchase up to $25 million of the Company’s Class A common stock from time to time in the open market or in privately negotiated transactions. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. Based on the Company’s closing share price on September 7, 2010, the $25 million stock repurchase program represents approximately 7.7% of the Company's total market capitalization. The repurchase program will be funded using existing cash on hand. As of July 31, 2010, the Company had cash and cash equivalents of $165.5 million.