The Bon-Ton Stores, Inc. (NASDAQ: BONT) (“Bon-Ton”) today announced the interim results of the offer by The Bon-Ton Department Stores, Inc. (the “Issuer”), a wholly-owned subsidiary of Bon-Ton, to exchange any and all of its outstanding 10¼% Senior Notes due 2014 (CUSIP Nos. 09776NAB8 and 09776NAA0, ISIN USU09818AA04) (the “Old Notes”) for newly issued 10⅝% Second Lien Senior Secured Notes due 2017 (the “New Notes”), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated June 4, 2012 (the “Exchange Offer”). As of 5:00 p.m., New York City time, on June 15, 2012 (the “Early Deadline”), a total of approximately $329.4 million principal amount of Old Notes had been tendered in the Exchange Offer, representing approximately 71.0% of the outstanding Old Notes. In conjunction with the Exchange Offer, the Issuer is soliciting consents (the “Consent Solicitation”) to amend the indenture governing the Old Notes. Based on results to date, consents from holders of a majority of the Old Notes were received. Accordingly, New Notes (and not interests in new second lien secured loans) will be delivered in exchange for Old Notes tendered in the Exchange Offer. For any Old Notes tendered and accepted after the Early Deadline and prior to the “Expiration Time”, which is 12:00 midnight, New York City time, on July 3, 2012 (unless extended), eligible holders will receive $970 in principal amount of New Notes per $1,000 principal amount of Old Notes. Eligible holders whose tendered Old Notes are accepted for exchange will also receive accrued and unpaid interest in cash on the exchanged Old Notes through, but not including, the settlement date for the Exchange Offer. The Issuer has not extended the withdrawal deadline for tenders of Old Notes and holders no longer have right to withdraw any Old Notes previously tendered or any Old Notes tendered through the Expiration Time. Consummation and settlement of the Exchange Offer is expected to occur within three business days after the Expiration Time.