ANN INC. is one of the leading specialty retailers for fashionable women's clothing, serving clients across the United States and Puerto Rico. Over the Company's fifty year heritage we have become a well-known resource for quality suits, separates, dresses, shoes and accessories with a feminine, polished approach to updated classic style. The Company meets the needs of modern women's busy lifestyles by providing a full range of career, casual and occasion offerings in one location. We plan collections with versatile styles that coordinate not only from head-to-toe, but also from season-to-season, so that our client can build a full wardrobe suitable to her needs from our collections at both our Ann Taylor and LOFT divisions. Our dedication to helping her be at her best has led to an exceptional level of enduring client loyalty.

Our Ann Taylor and LOFT brands are marketed in 947 stores in 46 states, the District of Columbia and Puerto Rico through four channels, Ann Taylor stores, LOFT stores, Ann Taylor Factory and LOFT Outlet, and also available online at www.anntaylor.com and www.anntaylorloft.com.

Ann Taylor, through 272 store locations and online, competes in the "better" priced category, and caters to the successful, relatively affluent career woman, who needs appropriate, fashion conscious attire for her professional life and special events, and prefers stylish, coordinated looks for her leisure activities.

LOFT, through 501 store locations and online, competes in the "upper moderate" priced category. LOFT collections are designed for the value conscious women with a more relaxed lifestyle both at work and at home.

Ann Taylor Factory and LOFT Outlet stores, with 169 store locations, are shopping destination in their own right, with clothing merchandise specifically designed and made to carry the Ann Taylor Factory and LOFT Outlet label.

Information current as of July 30, 2010.