Milberg Weiss Announces The Filing Of A Class Action Suit Against Abercrombie & Fitch Co. And Certain Of Its Officers and Directors On Behalf of Investors

Milberg Weiss Announces The Filing Of A Class Action Suit Against Abercrombie & Fitch Co. And Certain Of Its Officers and Directors On Behalf of Investors. NEW YORK--(BUSINESS WIRE)--Sept. 14, 2005--The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed on September 13, 2005 on behalf of purchasers of the securities of Abercrombie & Fitch Co. ("Abercrombie" or the "Company") (NYSE: ANF) between May 17, 2005 and August 3, 2005, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). If you bought the securities of Abercrombie between May 17, 2005 and August 3, 2005, and sustained damages, you may, no later than November 1, 2005, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action. The action, numbered 05-CV-848, is pending in the United States District Court for the Southern District of Ohio against defendants Abercrombie, Michael S, Jeffries (CEO and Chairman) and Robert S. Singer (President and COO). A copy of the complaint filed in this action is available from the Court and can be retrieved from the clerk's office and various services, or can be viewed on Milberg Weiss's website at: http://www.milbergweiss.com The following is a summary of the allegation of the complaint: During the Class Period, defendants touted the apparent strength of Abercrombie's business, which caused the Company's stock price to rise dramatically. Shortly after positive statements were issued by the Company, Abercrombie's Chairman and Chief Executive Officer sold substantial amounts of his personally held Abercrombie stock. Defendant Jeffries's Class Period stock sales were highly suspicious in both timing and amount. After defendant Jeffries sold 2,027,574 shares of Abercrombie stock for proceeds of $142,895,129, the Company announced, on August 4, 2005, weaker than expected sales for the month of July. Same store sales were reportedly up 22% over July 2004. This figure disappointed investors because, while the growth seemed impressive, in July 2004, the Company reported a 9% decline from July 2003, and July 2003 saw an 11% decline from July 2002. Accordingly, in reality, the Company's July 2005 sales were less than its sales from three years earlier. This announcement caused the price of Abercrombie stock to fall dramatically, from $70.03 per share on August 3, 2005 and to $65.36 per share on August 4, 2005, on unusually heavy trading volume. Milberg Weiss Bershad & Schulman LLP (http://www.milbergweiss.com) is a firm with over 100 lawyers with offices in New York City, Los Angeles, Boca Raton, Delaware, Seattle and Washington, D.C. and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others for nearly 40 years. Please contact the Milberg Weiss website for more information about the firm. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys: Steven G. Schulman Peter E. Seidman Andrei V. Rado One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 Phone number: (800) 320-5081 Email: sfeerick@milbergweiss.com Website: http://www.milbergweiss.com

Contacts Milberg Weiss Bershad & Schulman LLP Steven G. Schulman Peter E. Seidman Andrei V. Rado 800-320-5081 sfeerick@milbergweiss.com