Eddie Bauer

Eddie Bauer Holdings, Inc. (the "Company") (NASDAQ:EBHI) announced today that it is soliciting consent (the "Consent") from the holders (the "Holders") of its 5.25% Convertible Senior Notes due 2014 (the "Notes") to an extension from January 4, 2009 to no later than January 1, 2012 of the current limitation contained in its Certificate of Incorporation on direct or indirect ownership of its common stock or other equity securities more particularly described below (the "Ownership Limitation"). An extension would involve an amendment (the "Amendment") to the indenture (the "Indenture") for the Notes, which would require the written consent of the Holders of a majority in principal amount of the outstanding Notes, and an amendment (the "Charter Modification") to the Company's Certificate of Incorporation, which would require the approval of a majority of its outstanding common stock. Holders of the Notes are referred to the detailed terms and conditions of the consent solicitation in the Consent Solicitation Statement dated September 5, 2008, and the accompanying Letter of Consent, which are being sent to the Holders.