Federman & Sherwood Announces That a Class Action Lawsuit Was Filed Against Whitehall Jewellers, Inc. OKLAHOMA CITY, Feb. 26 /PRNewswire/ -- Federman & Sherwood announces that a securities class action lawsuit was filed against Whitehall Jewellers, Inc. (the "Company") on February 12, 2004. The class action lawsuit filed in the United States District Court for the Northern District of Illinois alleges violations of the Securities Exchange Act of 1934, and Rule 10b-5, in that, throughout the class period of November 19, 2001 through December 10, 2003, the Company issued materially false and misleading statements, thereby artificially inflating the price of the securities of the Company. Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than sixty (60) days from February 12, 2004, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995. If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact: William B. Federman FEDERMAN & SHERWOOD 120 N. Robinson, Suite 2720 Oklahoma City, OK 73102 (405) 235-1560/FAX: (405) 239-2112 mailto: DATASOURCE: Federman & Sherwood CONTACT: William B. Federman of Federman & Sherwood, +1-405-235-1560, or fax, +1-405-239-2112, or

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