Dress Barn Inc.

Mr. David R. Jaffe became President and Chief Executive Officer in 2002. Previously he had been Vice Chairman, Chief Operating Officer and a member of the Board of Directors since 2001. He joined us in 1992 as Vice President-Business Development and became Senior Vice President in 1995 and Executive Vice President in 1996. Mr. Jaffe is the son of Elliot S. and Roslyn S. Jaffe. Mrs Jaffe serves as Secretary and Treasurer of our company.

Any stockholder who wishes to contact our Board of Directors or an individual director may do so by writing to: Board of Directors, Provident New York Bancorp, 400 Rella Boulevard, Montebello, New York 10901, Attention: Chief Executive Officer or Corporate Secretary. The letter should indicate that the author is a stockholder of Provident New York Bancorp, and, if shares are not held of record, should include appropriate evidence of stock ownership. Communications are reviewed by the Corporate Secretary and are then distributed to the Board of Directors or the individual director, as appropriate, depending on the facts and circumstances outlined in the communications received. The Chief Executive Officer, however, may directly respond at his discretion. If appropriate, the Corporate Secretary may (1) handle an inquiry directly or (2) forward a communication for response by another employee of Provident New York Bancorp. A copy of any such communication and response is forwarded to the Board at the next available Board meeting. The Corporate Secretary has the authority not to forward a communication if it is primarily commercial in nature, relates to an improper or irrelevant topic, or is unduly hostile, threatening, illegal or otherwise inappropriate.

Mr. Elliot S. Jaffe was Chief Executive Officer of our company from 1966 until February 2002. Mr. David R. Jaffe became President and Chief Executive Officer in February 2002. Previously he had been Vice Chairman, Chief Operating Officer and a member of the Board of Directors since September 2001. He had been Vice Chairman since February 2001. He joined us in 1992 as Vice President-Business Development and became Senior Vice President in 1995 and Executive Vice President in 1996. Mr. Jaffe is the son of Elliot S. and Roslyn S. Jaffe, Secretary and Treasurer of our company.

As executive and consultant, Kate Buggeln has 20 years of experience working with high-end retail corporations, such as Coach, Barneys New York, Bergdorf Goodman, Bloomingdale's Department Stores and Gucci. At Coach (COH), as senior vice president of Strategy and Business Development, Kate was responsible for strategic planning, licensing, direct marketing, market research and multi-channel customer relationship management programs. Kate is a member of the board of directors of Dress Barn Inc. (DBRN), one of the nation's leading value-priced women's specialty retailers. Kate is also a member of the governing board for the Business Council for Peace (www.bpeace.org), a U.N.-affiliated organization helping women in world regions of conflict and post-conflict. Kate's prior positions also included president of Boo.com, executive vice president of the LakeWest Group Ltd. and manager for Coopers & Lybrand Retail National Consulting Practice.

Roslyn Jaffe determined not to stand for re-election at the 2006 Annual Meeting and, therefore, ceased serving as a director of the Company as of November 2006. Mrs. Jaffe founded the Company in 1962 and retains the titles of Founder, Director Emeritus, Treasurer and Secretary of the Company. Mrs. Jaffe did not receive any compensation for her services as director, Secretary or Treasurer in fiscal 2007. However, in view of Mrs. Jaffe's role as co-founder of the Company and her 44 years of service to the Company, in fiscal 2007 the Company entered into an agreement with Mrs. Jaffe that provides her with a supplemental retirement benefit of $50,000 per year (adjusted annually for cost of living increases). This benefit is paid on a monthly basis, commencing July 30, 2006.