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Ascena Retail Group, Inc. Reports Third Quarter Results

A reconciliation of the Company’s operating income for each segment under the historical and recasted basis of reporting for the three months and nine months ended April 30, 2011 is as follows:

Fiscal Third Quarter April 30, 2011

As Previously Reported

  Adjustment   As


Operating income:    
dressbarn $ 17.6 $ 4.8 $ 22.4
maurices 42.8 (2.5 ) 40.3
Justice   26.0   (2.3 )   23.7
Total operating income $ 86.4 $ --   $ 86.4
Fiscal Nine Months April 30, 2011

As Previously Reported

  Adjustment   As


Operating income:
dressbarn $ 10.6 $ 13.8 $ 24.4
maurices 97.9 (7.8 ) 90.1
Justice   127.2   (6.0 )   121.2
Total operating income $ 235.7 $ --   $ 235.7

Common Stock Split

On April 3, 2012, the Company issued a two-for-one common stock split, effected in the form of a 100% stock dividend. All common share and earnings per share data presented in the attached unaudited consolidated financial statements has been adjusted to reflect the stock split.

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