LOS ANGELES--(BUSINESS WIRE)--Nov. 27, 2002--Guess?, Inc. (NYSE: GES) today said that it has received a request from the Armand Marciano Trust, pursuant to a Registration Rights Agreement, dated August 1, 1996, that the Company file a shelf registration statement to register all of its shares of the common stock of the Company. Armand Marciano, the Company's Senior Vice President and Assistant Secretary, is currently on medical leave from the Company.

The 6,485,492 shares held by the Armand Marciano Trust represent substantially all of the shares controlled by Armand Marciano. The Company expects to file the registration statement with the Securities and Exchange Commission in the near future.

Guess?, Inc. designs, markets, distributes and licenses one of the world's leading lifestyle collections of contemporary apparel, accessories and related consumer products.

Except for historical information contained herein, certain matters discussed in this press release including but not limited to the Company's expected results of operations and plans to reduce costs and estimated charges, 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, 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, 2001, 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.

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