Guess ?, Inc. (NYSE:GES) announced today that it has filed a registration statement with the Securities and Exchange Commission in connection with an anticipated public offering of 4,500,000 newly-issued shares of its common stock, all of which are being offered solely by Guess ?, Inc. The offering is being managed by an underwriting group led by CIBC World Markets Corp., PaineWebber Incorporated, Chase H&Q, Tucker Anthony Incorporated, and Ferris, Baker Watts Incorporated.

Guess ?, Inc. designs, markets and licenses a leading lifestyle collection of casual apparel and accessories. Guess ?, Inc. intends to use the net proceeds of this offering, together with internally generated funds, to repay outstanding debt and for general corporate purposes, including to fund a portion of its capital expenditure budget for 2000. As of December 31, 1999, Guess ?, Inc. had $79.6 million of outstanding 9-1/2% Senior Subordinated Notes due 2003 and no borrowings under its $125.0 million bank credit facility.