J.Jill Files Registration Statement for Proposed Initial Public Offering

QUINCY, Mass.–(BUSINESS WIRE)–J.Jill, a leading omni-channel, nationally recognized women’s apparel
brand, today announced that it has filed a registration statement on
Form S-1 with the Securities and Exchange Commission relating to a
proposed initial public offering of its common stock. The registration
statement filed today represents J.Jill’s initial public filing pursuant
to the provisions of the Jumpstart our Business Startups (JOBS) Act of
2012. J.Jill has applied to list its common stock on the New York Stock
Exchange under the ticker symbol “JILL”. The number of shares to be
offered and the price range for the offering have not yet been
determined.

BofA Merrill Lynch, Morgan Stanley and Jefferies, are serving as joint
lead book-running managers and as representatives of the underwriters
for the proposed offering. Deutsche Bank Securities, RBC Capital
Markets, UBS Investment Bank, and Wells Fargo Securities are acting as
joint book-running managers for the proposed offering.

The offering will be made only by means of a prospectus. A copy of the
preliminary prospectus relating to this offering, when available, may be
obtained from any of the following sources:

  • BofA Merrill Lynch, 200 North College Street, 3rd Floor, Charlotte, NC
    28255-0001, Attention: Prospectus Department.
  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
    Street, 2nd Floor, New York, NY 10014.
  • Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor,
    New York, NY, 10022, via telephone: 877-547-6340, or via email: Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy these
securities be accepted prior to the time the registration statement
becomes effective.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About J.Jill

J.Jill is an omni-channel premier retailer and nationally recognized
women’s apparel brand committed to delighting our customers with great
wear-now product. J.Jill operates an omni-channel platform that delivers
a seamless experience to our customers through over 270 stores
nationwide and a robust ecommerce experience. The J.Jill brand
represents an easy, relaxed, inspired style that reflects the confidence
and comfort of a woman with a rich, full life. J.Jill is headquartered
outside Boston. For more information, please visit www.JJill.com.
The information included on our website is not incorporated by reference
herein.

Forward-Looking Statements

This press release contains, and oral statements made from time to time
by our representatives may contain, “forward-looking statements.”
Forward-looking statements include statements regarding the proposed
public offering and other statements identified by words such as
“could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,”
“plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,”
“projects” and similar references to future periods, or by the inclusion
of forecasts or projections. Forward-looking statements are based on our
current expectations and assumptions regarding capital market conditions
our business, the economy and other future conditions. Because
forward-looking statements relate to the future, by their nature, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. As a result, our actual
results may differ materially from those contemplated by the
forward-looking statements. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements include regional, national or global political, economic,
business, competitive, market and regulatory conditions, including risk
regarding when we can complete the offering, our ability to manage
inventory or anticipate consumer demand; changes in consumer confidence
and spending; our competitive environment; our failure to open new
profitable stores or successfully enter new markets and other factors
set forth under “Risk Factors” in the registration statement on Form
S-1. Any forward-looking statement made in this press release speaks
only as of the date on which it is made. J.Jill undertakes no obligation
to publicly update or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.

Contacts

Media:
ICR
Jessica Liddell, 203-682-8208
Jessica.Liddell@ICRinc.com