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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;The accompanying Consolidated Financial Statements of American Eagle Outfitters, Inc. (the
   &amp;#8220;Company&amp;#8221;) at October&amp;#160;30, 2010 and October&amp;#160;31, 2009 and for the 13 and 39&amp;#160;week periods ended
   October&amp;#160;30, 2010 and October&amp;#160;31, 2009 have been prepared in accordance with accounting principles
   generally accepted in the United States of America (&amp;#8220;GAAP&amp;#8221;) for interim financial information and
   with the instructions to Form 10-Q and Article&amp;#160;10 of Regulation&amp;#160;S-X. Accordingly, they do not
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   Certain notes and other information have been condensed or omitted from the interim Consolidated
   Financial Statements presented in this Quarterly Report on Form 10-Q. Therefore, these Consolidated
   Financial Statements should be read in conjunction with the Company&amp;#8217;s Fiscal 2009 Annual Report. In
   the opinion of the Company&amp;#8217;s management, all adjustments (consisting of normal recurring
   adjustments and those further described in the footnotes that follow) considered necessary for a
   fair presentation have been included.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;As used in this report, all references to &amp;#8220;we,&amp;#8221; &amp;#8220;our,&amp;#8221; and the &amp;#8220;Company&amp;#8221; refer to American Eagle
   Outfitters, Inc. and its wholly owned subsidiaries. &amp;#8220;American Eagle Outfitters,&amp;#8221; &amp;#8220;American Eagle,&amp;#8221;
   &amp;#8220;AE,&amp;#8221; and the &amp;#8220;AE Brand&amp;#8221; refer to our U.S. and Canadian American Eagle Outfitters stores. &amp;#8220;AEO
   Direct&amp;#8221; refers to our e-commerce operations, ae.com, aerie.com and 77kids.com. &amp;#8220;MARTIN&amp;#043;OSA&amp;#8221; or
   &amp;#8220;M&amp;#043;O&amp;#8221; refers to the MARTIN&amp;#043;OSA stores and e-commerce operation which we operated until its closure
   during the 13&amp;#160;weeks ended July&amp;#160;31, 2010.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;The Company&amp;#8217;s business is affected by the pattern of seasonality common to most retail apparel
   businesses. The results for the current and prior periods are not necessarily indicative of future
   financial results.
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