Gilt Groupe Names V. Ann Hailey Chief Financial Officer

Gilt.com positioned for broader growth in online retailing

NEW YORK, NY – December 9, 2008 – Gilt Groupe, Inc. announced today that V. Ann Hailey has been named Chief Financial Officer of the fast‐growing luxury web‐based retailer, effective January 5, 2009. Ms. Hailey brings 30 years of finance, retail and operating experience to the company. She was most recently at Limited Brands, where she served as Executive Vice President and Chief Financial Officer from 1997‐2006 and Executive Vice President, Corporate Development from 2006‐2007. “We are thrilled that Ann has chosen to join Gilt Groupe,” said CEO Susan Lyne. “Her broad experience in strategic, financial and merchandise planning will be enormously valuable as we expand the company’s footprint. We welcome her enthusiasm for our business and her steady hand at this important juncture in our growth.” Prior to joining Limited Brands, Ms. Hailey spent her career in consumer businesses including PepsiCo, Pillsbury and RJR Nabisco. While she has primarily served in financial roles, she has a broad base of business experience which encompasses strategic planning, human resources, marketing and retail inventory planning. Her accomplishments and expertise will be of great value to Gilt Groupe as it commences its second year of business. “It is rare to see a business so quickly embraced by consumers and vendors alike,” said Ann Hailey. “Gilt’s customers are passionate about the company and its innovative model presents an opportunity to create great long‐term value. I am very excited about the chance to be part of the team at Gilt Groupe and look forward to contributing to its future success.” Ms. Hailey has recently been elected to the Board of Directors of Avon, Inc. and serves on their Audit Committee. She is also a Director of W.W. Grainger, Inc., Realogy Corporation and the Cleveland Federal Reserve Board where she chairs the Audit Committee. Ms. Hailey holds an M.B.A. from the Harvard Business School and a B.A. in Business Administration from the University of Georgia. Gilt Groupe (www.gilt.com) provides access, by invitation only, to Men’s, Women’s and Children’s
coveted fashion and luxury brands at prices up to 70% off retail. Each sale lasts 36 hours and features hand selected styles from a single designer. With a rapidly growing membership, Gilt Groupe has become a daily habit for hundreds of thousands of consumers nationwide. Gilt Groupe was founded in November of 2007 by Alexis Maybank, an early employee of eBay, and Alexandra Wilkis Wilson, formerly of Bulgari and Louis Vuitton. Investors include leading venture capital firm Matrix Partners and Kevin Ryan, former CEO, DoubleClick, who now serves as Gilt Groupe’s Chairman. More information about Gilt Groupe membership can be obtained by emailing the company at [email protected] or by visiting www.gilt.com.

About Gilt Groupe

Headquartered in New York, Gilt Groupe is a privately held company dedicated to providing its members with access to coveted fashion and luxury lifestyle brands at sample sale prices. Each Gilt Groupe sale (3x per week) is designer-specific and held over a one day period. The Gilt Groupe production team creates a short video reel to introduce each designer and brand to its membership. There is no fee associated with joining Gilt Groupe; membership is by invitation only. Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, former CEO, DoubleClick, and Dwight Merriman, former CTO and Founder, DoubleClick.

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