LOS ANGELES, April 15 /PRNewswire-FirstCall/ -- Guess?, Inc. (NYSE: GES) today announced that Alex Yemenidjian has been nominated for election at the Company's annual meeting of shareholders to be held on May 10, 2005 as a director for a three-year term. Mr. Yemenidjian, age 49, served as Chairman of the Board and Chief Executive Officer of Metro-Goldwyn-Mayer Inc. from April 1999 to April 2005 and was a director of that company from November 1997 to April 2005. Mr. Yemenidjian is currently Chairman of the Board and Chief Executive Officer of Armenco Holdings, LLC and also serves as a director of MGM MIRAGE (formerly MGM Grand, Inc.), a position he has held since 1989. From July 1995 through December 1999, Mr. Yemenidjian served as President of MGM MIRAGE.

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products. At April 2, 2005 the Company owned and operated 289 retail stores in the United States and Canada. The Company also distributes its products through better department and specialty stores around the world. For more information about the Company, please visit www.guess.com.

Except for historical information contained herein, certain matters discussed in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods and other future events to differ materially from what is currently anticipated. Factors which may cause actual results in future periods to differ from current expectations include, among other things, the continued availability of sufficient working capital, the successful integration of new stores into existing operations, the continued desirability and customer acceptance of existing and future product lines (including licensed product lines), possible cancellations of wholesale orders, the success of competitive products, and the availability of adequate sources of capital. In addition to these factors, the economic and other factors identified in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2004 including but not limited to the risk factors discussed therein, could affect the forward-looking statements contained herein and in the Company's other public documents.

    Contact:   Carlos Alberini
               President & Chief Operating Officer
               (213) 765-3582

               Frederick G. Silny
               SVP & Chief Financial Officer
               (213) 765-3289

               Wendi Kopsick
               Kekst and Company
               (212) 521-4800


SOURCE  Guess?, Inc.
    -0-                             04/15/2005
    /CONTACT: Carlos Alberini, President & Chief Operating Officer,
+1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer,
+1-213-765-3289, both of Guess?, Inc.; or  Wendi Kopsick of Kekst and Company
+1-212-521-4800, for Guess?, Inc./
    /Web site:  http://www.guess.com/
    (GES)

CO:  Guess?, Inc.; Metro-Goldwyn-Mayer Inc.; Armenco Holdings, LLC
ST:  California
IN:  REA TEX
SU:  PER

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