News Release

J. Crew Group to Present at Wachovia Securities 18th Annual Nantucket Equity Conference

June 23, 2008 at 9:41 AM EDT

NEW YORK, June 23 /PRNewswire-FirstCall/ -- J. Crew Group, Inc. (NYSE: JCG), today announced that the Company will be presenting at the Wachovia Securities 18th Annual Nantucket Equity Conference, held at the White Elephant in Nantucket, MA on Wednesday, June 25, 2008 at 9:00 am ET. James Scully, EVP and Chief Financial Officer, will host the presentation. The conference presentation will also be webcast live at .

About J.Crew Group, Inc.

J.Crew Group, Inc. is a nationally recognized multi-channel retailer of men's, women's and children's apparel, shoes and accessories. As of June 16, 2008, the Company operates 207 retail stores, 65 factory stores, the J.Crew catalog business, and Additionally, certain product, press release and SEC filing information concerning the Company are available at the Company's website .

SOURCE J.Crew Group, Inc.

CONTACT: Company Contact: James Scully, Chief Financial Officer of
J.Crew Group, Inc., +1-212-209-8040; or Investors: Allison Malkin, Chad
Jacobs, or Joe Teklits of Integrated Corporate Relations, +1-203-682-8200
Web site:

Certain statements herein are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes in the overall level of consumer spending or preferences in apparel, the performance of the Company's products within the prevailing retail environment, trade restrictions, political or financial instability in countries where the Company's goods are manufactured, postal rate increases, paper and printing costs, availability of suitable store locations at appropriate terms and other factors which are set forth in the Company's Form 10-K and in all filings with the SEC made by the Company subsequent to the filing of the Form 10-K. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.