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* Better Than Expected Back-to-School Sales SAN DIEGO, Calif., Sept. 6 /PRNewswire-FirstCall/ -- Charlotte Russe Holding, Inc. (NASDAQ:CHIC), a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, today reported that comparable store sales for the Charlotte Russe stores are expected to increase by approximately 7.5% to 8.0% during the fourth quarter of fiscal 2006 ending September 30, 2006. As a result, sales are running higher than the previous guidance on July 20th of a mid single-digit increase for the fourth quarter. (Logo: http://www.newscom.com/cgi-bin/prnh/20030602/CHICLOGO) Based on these sales results, the company currently expects diluted earnings per share from continuing operations in the fourth quarter to range from $0.47 to $0.50, which is expected to exceed the previous guidance on July 20th of a range from $0.42 to $0.46 per share. Management expects to release the fourth quarter financial results before the market opens on November 9, 2006, with a teleconference call scheduled for 8:00 a.m. (Pacific Time). SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Except for the historical information contained herein, this press release contains forward-looking statements. Such statements include, but are not limited to, projections of our future results of operations or of our financial condition, our anticipated growth strategies and projected store closings, conversions and new store openings and the discontinuation of our Rampage store operations. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks that the Company will not achieve anticipated financial results or comparable store sales increases, the Company will not open new Charlotte Russe stores in the numbers or on the schedule anticipated, general and regional economic conditions, industry trends, consumer demands and preferences, competition from other retailers and uncertainties generally associated with women's apparel and accessory retailing. A complete description of these factors, as well as others that could affect the company's business, is set forth in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission. http://www.newscom.com/cgi-bin/prnh/20030602/CHICLOGO http://photoarchive.ap.org/ DATASOURCE: Charlotte Russe Holding, Inc. CONTACT: Daniel T. Carter, Chief Financial Officer of Charlotte Russe Holding, Inc., +1-858-490-2430

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