Ascena Retail Group, Inc. Announces Fiscal 2012 Third Quarter Financial Results Conference Call on Thursday, May 31, 2012

Ascena Retail Group, Inc. (NASDAQ - ASNA) today announces the release of its Fiscal 2012 third quarter financial results on Thursday, May 31, 2012. Results will be released over Business Wire at approximately 4:00 P.M. Eastern Time. The Company will also host a conference call at 4:30 P.M. Eastern Time to review its results, which will include comments by David Jaffe, President & CEO and Armand Correia, Executive Vice President & CFO followed by a question and answer session.

Parties interested in participating in this call should dial in at (617) 614-2703 prior to the start time, the passcode is 36779645. The call will also be simultaneously broadcast at www.ascenaretail.com. A recording of the call will be available shortly after its conclusion and until June 30, 2012 by dialing (617) 801-6888, the passcode is 68605679.

About Ascena Retail Group, Inc.

Ascena Retail Group, Inc. is a leading national specialty retailer of apparel for women and tween girls, operating through its wholly-owned subsidiaries, the dressbarn, maurices and Justice brands. The Company operates through its subsidiaries over 2,500 stores throughout the United States, Puerto Rico and Canada.

dressbarn offers casual, career and special occasion fashion apparel and accessories at value prices for women ages 35-55, operates 838 stores in 48 states. maurices offers casual and career apparel and accessories at value prices to the fashion-conscious woman, ages 17-34 with a 20-something attitude, and operates 813 stores in 44 states and Canada. Justice offers trend-right apparel and accessories at value prices for tween girls ages 7-14 and operates 920 stores in 46 states, Puerto Rico and Canada.

For more information, visit www.ascenaretail.com, www.dressbarn.com, www.maurices.com and www.shopjustice.com.