Ann: Change of Director's Interest Notice, page-27

Torrid:

”I'm pleased to report a strong third quarter where we saw sequential traffic improvement, both in stores and on the web. For the quarter, we generated net sales of $275 million and adjusted EBITDA of $19 million. These results were higher than anticipated due to the strong demand experienced during the quarter. We also ended the quarter with total inventory of $171 million, down 14% compared to the same period last year. We can attribute these results to a number of initiatives that started earlier in the year and that are now providing favorable results. During the quarter, we focused on executing our key initiatives; number one, broadening our assortment and pricing strategy; number two, strengthening our marketing message; and number three, optimizing our cost structure and the inventory.”