X0202 3 2004-07-02 0 0001016607 WILSONS THE LEATHER EXPERTS INC WLSN 0001130334 WESCHLER R TED 4048 EAST MAIN ST. 2ND FL. CHARLOTTESVILLE VA 22902 1 0 1 0 Common Stock, $0.01 par value per share 15487513 I Footnotes Warrant 3.00 2004-04-25 2009-04-25 Common Stock, $0.01 par value per share 1428571 I Footnotes Warrant 3.00 2004-07-02 2009-07-02 Common Stock, $0.01 par value per share 1428571 I Footnotes These securities are held in the account of Peninsula Investment Partners, L.P. (the "Partnership") for which Peninsula Capital Advisors, LLC ("Peninsula Advisors") serves as investment manager. Mr. R. Ted Weschler is the managing member of Peninsula Advisors. Peninsula Advisors and Mr. Weschler may be deemed to beneficially own the securities held by the Partnership by virtue of Peninsula Advisor's position as investment manager of the Partnership and Mr. Weschler's status as the managing member of Peninsula Advisors. In addition, in connection with the closing of the transaction provided for in the Common Stock and Warrant Purchase Agreement, dated as of April 25, 2004, between the Partnership and the issuer of the reported securities (the "Stock Purchase Agreement"), and pursuant to the terms of the Stock Purchase Agreement, Mr. R. Ted Weschler was appointed by the Board of Directors of the issuer of the reported securities to serve as a Class II director of the issuer of the reported securities for a remaining term ending at the time of the 2007 Annual Meeting of Shareholders or until his successor is elected and qualified. (+) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. By: /s/ R. Ted Weschler(+) 2004-07-07