Steven Kirshenbaum and Marc Lasry, members of the Board of Directors of Ascena Retail Group, Inc., each notified the Board of their decisions to resign from the Board effective as of June 30, 2019. Mr. Kirshenbaum is a member of the class of directors whose terms of office expire at the Company’s 2021 Annual Meeting Stockholders, and Mr. Lasry is a member of the class of directors whose terms of office expire at the Company’s 2019 Annual Meeting Stockholders. Mr. Kirshenbaum and Mr. Lasry each advised the Company that they have no disagreement with the Company on any matter relating to the Company’s operations, policies or practices and the decision was based solely on personal reasons. The Board has approved a reduction in the size of the Board from 12 to 10 directors effective upon the effectiveness of the resignations.