Express Announces Pricing of Public Offering of Common Stock

COLUMBUS, Ohio, April 6, 2011 /PRNewswire/ -- Express, Inc. (NYSE: EXPR) ("Express") today announced the pricing of the offering of 19,800,000 shares of its common stock by certain stockholders at a price of $19.00 per share, reflecting an upsize from the previously announced offering of 16,500,000 shares of its common stock. The underwriters have an option to purchase up to an additional 2,970,000 shares of Express' common stock from the selling stockholders. Express will not receive any proceeds from the offering.

BofA Merrill Lynch, Piper Jaffray and Morgan Stanley are acting as joint book-running managers for the proposed offering.

A registration statement relating to these shares of common stock has been declared effective by the Securities and Exchange Commission. The offering is being made only by means of the written prospectus forming part of the effective registration statement. A copy of the final prospectus related to the offering, when available, may be obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email dg.prospectus_requests@baml.com; or Piper Jaffray, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attention: Prospectus Department or email prospectus@pjc.com; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone 1-866-718-1649 or email prospectus@morganstanley.com.

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.

About Express

Express is a specialty apparel and accessories retailer of women's and men's merchandise, targeting the 20 to 30 year old customer. The Company has 30 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates 588 retail stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States and in Puerto Rico, and also distributes its products through the Company's e-commerce website, express.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as "expects," "contemplates," "anticipates," "plans," "intends," "believes" and variations of such words or similar expressions that predict or indicate future events, or that do not relate to historical matters. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. There can be no assurance that our beliefs or expectations will be achieved. Actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors.

SOURCE Express, Inc.



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