Tilly’s, Inc. (NYSE: TLYS) today announced that in connection with its initial public offering, the underwriters have exercised in full their option to purchase an additional 1,200,000 shares from certain selling shareholders to cover over-allotments. As a result, the total initial public offering size was 9,200,000 shares, which consisted of 7,600,000 shares sold by Tilly’s, Inc. and 1,600,000 shares sold by the selling shareholders. The 9,200,000 shares in the offering were sold at a price to the public of $15.50 per share. Tilly’s, Inc. did not receive any proceeds from the sale of shares by the selling shareholders. Goldman, Sachs & Co., BofA Merrill Lynch, and Piper Jaffray & Co. acted as book-running managers, and William Blair & Company and Stifel Nicolaus Weisel acted as co-managers for this offering. Latham & Watkins LLP served as legal counsel to Tilly’s in connection with the offering. The offering was made only by means of the written prospectus forming part of the effective registration statement. A copy of the final prospectus may be obtained by contacting Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone 1-866-471-2526, facsimile 212-902-9316, or by emailing email@example.com; BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department, or by emailing firstname.lastname@example.org; or Piper Jaffray & Co., Attn: Equity Capital Markets, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone 800-747-3924, or by emailing email@example.com. A registration statement relating to shares of Tilly’s Class A common stock was declared effective by the U.S. Securities and Exchange Commission on May 3, 2012. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.