Market Overview

Destination Maternity Announces Agreement with Second Largest Shareholder, Nathan G. Miller


Agreement Will Allow the Company to Benefit from Mr. Miller's
Perspective as a Significant Investor as it Continues to Execute
Strategic Turnaround

Destination Maternity Corporation (NASDAQ:DEST) (the "Company")
announced today that it entered into an agreement with its second
largest shareholder, Nathan G. Miller. The agreement allows the Company
to share information with Mr. Miller, from time to time and subject to
customary confidentiality and trading restrictions, with the goal of
benefiting all shareholders.

Marla Ryan, Chief Executive Officer of Destination Maternity, stated,
"At this year's Annual Meeting, Destination Maternity's shareholders
decisively voted for a significant change in strategic direction at the
Company. We believe this agreement will help ensure that Destination
Maternity has the opportunity to benefit from the perspective of one of
its largest shareholders as we continue executing on this change. Moving
forward, our collective focus fully remains on seeking to maximize
long-term value for all investors and stakeholders in the Company."

The agreement also provides for the mutual release of potential legal
claims between the Company and Mr. Miller related to the recent proxy
contest, which resulted in the election of four nominees to the Board of
Directors (the "Board") at the Company's Annual Meeting of Shareholders
held on May 23, 2018. Destination Maternity also agreed to reimburse
$1.2 million of Mr. Miller's fees and expenses incurred in connection
with the proxy contest, which will be taken as a charge in the second
quarter of fiscal 2018.

Nathan G. Miller, Destination Maternity's second largest shareholder,
said, "I have always believed in the long-term value of Destination
Maternity and its brands. With the new Board and CEO, I believe
Destination Maternity is fully focused on improving performance and
creating shareholder value, and I am excited about the prospects for the
Company moving forward."

Forward-Looking Statements

The Company cautions that any forward-looking statements (as such term
is defined in the Private Securities Litigation Reform Act of 1995)
contained in this release or made from time to time by management of the
Company, including those regarding management changes and various
business initiatives, involve risks and uncertainties, and are subject
to change based on various important factors. The following factors,
among others, could affect the Company's ability to realize such savings
and could cause actual results to differ materially from those expressed
or implied in any such forward-looking statements: the strength or
weakness of the retail industry in general and of apparel purchases in
particular, our ability to successfully manage our various business
initiatives, our ability to successfully manage our real estate
relationships, overall economic conditions and other factors affecting
consumer confidence, demographics and other macroeconomic factors that
may impact the level of spending for apparel (such as fluctuations in
pregnancy rates and birth rates), availability of suitable store
locations, our ability to develop and source merchandise and other
factors set forth in the Company's periodic filings with the U.S.
Securities and Exchange Commission (the "SEC"), or in materials
incorporated therein by reference. Although it is believed that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove
to have been correct and persons reading this release are therefore
cautioned not to place undue reliance on these forward-looking
statements which speak only as at the date of this release. The Company
assumes no obligation to update or revise the information contained in
this release (whether as a result of new information, future events or
otherwise), except as required by applicable law.

About Destination Maternity

Destination Maternity Corporation is the world's largest designer and
retailer of maternity apparel. As of May 5, 2018, Destination Maternity
operates 1,118 retail locations in the United States, Canada and Puerto
Rico, including 484 stores, predominantly under the trade names
Motherhood Maternity®, A Pea in the Pod® and Destination Maternity®, and
634 leased department locations. The Company also sells merchandise on
the web primarily through its brand-specific websites,
as well as through its
website. Destination Maternity has international store franchise and
product supply relationships in the Middle East, South Korea, Mexico,
Israel and India. As of May 5, 2018, Destination Maternity has 186
international franchised locations, including 13 standalone stores
operated under one of the Company's nameplates and 173 shop-in-shop

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