Case GLT Doc 751 Filed 07/20/17 Entered 07/20/17 19:24:38 Desc Main Document Page 1 of 23

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2 Document Page 2 of 23 MONTHLY OPERATING REPORT GENERAL NOTES AND DISCLAIMER On the May 15, 2017 (the Petition Date ), each of the Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code. The Debtors are operating their business and managing their properties as debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. On May 17, 2017, the court entered an order [Docket No. 120] authorizing joint administration and procedural consolidation of these chapter 11 cases pursuant to Bankruptcy Rule 1015(b). On May 23, 2017, the United States Trustee for the Western District of Pennsylvania (the U.S. Trustee ) appointed an Official Committee of Unsecured Creditors (the Creditors Committee ) [Docket No. 203]. No request for the appointment of a trustee or examiner has been made in these chapter 11 cases. The Debtors are filing their Monthly Operating Report solely for the purposes of complying with the monthly operating reporting requirements applicable in the Debtors' chapter 11 cases. The financial and supplemental information contained herein is presented on a preliminary and unaudited basis, remains subject to future adjustments and may not comply in all material respects with generally accepted accounting principles in the United States of America ( U.S. GAAP ). This Monthly Operating Report should not be relied on by any persons for information relating to current or future financial conditions, events, or performance of any of the Debtors or their affiliates. The financial information has been derived from the books and records of the Debtors. This information, however, has not been subject to certain procedures that would typically be applied to financial information in accordance with U.S. GAAP, and upon application of such procedures, the Debtors believe that the financial information could be subject to changes, which could be material. The information furnished in this report includes primarily normal recurring adjustments, but does not include all adjustments that would typically be made for financial statements prepared in accordance with U.S. GAAP. Certain amounts may appear to be clerically inaccurate as they are presented in thousands and are subject to rounding differences. The Debtors reserve all rights to amend or supplement this Monthly Operating Report in all respects, as may be necessary or appropriate. Nothing contained in this Monthly Operating Report shall constitute a waiver of any of the Debtors' rights or an admission with respect to their chapter 11 cases. Notes to MOR-1: There were no cash receipts or disbursements related to intercompany transfers among the Debtor entities during this period. Copies of bank statements and cash disbursement journals were not included with the MOR-1, as these items will be made available upon request. Notes to MOR-2 & MOR-3: The information contained in MOR-2 & MOR-3 is provided to fulfill the requirements of the Office of the United States Trustee. All information contained in MOR-2 & MOR-3 is unaudited and subject to future adjustment. Given that the Debtors financial statements and balance sheets are typically on a consolidated basis, all information contained in MOR-2 & MOR-3 has been presented on a consolidated basis. Notes to MOR-4: The Debtors have received approval to pay prepetition tax and fee obligations, including, without limitation, sales, use and excise taxes, franchise taxes, real and property taxes, income taxes, and certain other taxes due in the normal course of business through certain First Day Motions. As such, the applicable taxes had been paid when due except for amounts that are in dispute, if any. The Debtors are current on post-petition payables, taking into consideration pending credits and adjustments and disputes that arise in the ordinary course of business. Notes to MOR-5: The Debtors reconcile and age individual customer accounts receivables in the normal course of the Debtor's business.

3 Document Page 3 of 23 (1) (2) SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS BANK ACCOUNTS rue21, inc. CURRENT MONTH ACTUAL (TOTAL OF ALL Company ACCOUNTS) Case Number CASH BEGINNING OF 18,011,199 18,011,199 RECEIPTS 142,532, ,532,084 DISBURSEMENTS (150,160,702) (150,160,702) CASH END OF MONTH 10,382,581 10,382,581 * COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE TOTAL DISBURSEMENTS LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES THE FOLLOWING SECTION MUST BE COMPLETED Company rue21, inc. Case number (150,160,702) - - (150,160,702) (1) There were no cash receipts or disbursements related to intercompany transfers among the Debtor entities during this period. (2) Copies of bank statements and cash disbursement journals were not included with the MOR-1, as these items will be made available upon request. FORM MOR-1 2/2008 PAGE 2 OF 17

4 Document Page 4 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) TD BANK Depository , COMMUNITY BANK Depository 1040 (568.55) COMMUNITY BANK Depository , FIRST CITIZENS BANK & TRUST Depository , FIRST CITIZENS BANK & TRUST Depository BANCORPSOUTH Depository , FIRST CITIZENS BANK & TRUST Depository , BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , CAPITAL ONE Depository CAPITAL ONE Depository , FIRST CITIZENS BANK & TRUST Depository ARVEST BANK Depository INTRUST BANK Depository ARVEST BANK Depository BMO HARRIS BANK Depository , CHEMUNG CANAL TRUST CO Depository , CAPITAL ONE Depository , BANCORPSOUTH Depository , CAPITAL ONE Depository , CAPITAL ONE Depository , BANCORPSOUTH Depository , CAPITAL ONE Depository PINNACLE BANK Depository BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , PEOPLES COMMUNITY BANK Depository United Bank Depository , FIRST BANK Depository , ST AMERICAN BANK Depository ST TRUST BANK Depository , ADAMS DAIRY BANK Depository ADIRONDACK BANK Depository , ALL AMERICA BANK Depository ALPINE BANK Depository , AMERICAN BANK OF TX Depository , AMERIS BANK Depository ARVEST BANK Depository , ARVEST BANK Depository ARVEST BANK Depository Atascosa National Bank Depository , BANCFIRST Depository , BANCORPSOUTH Depository , BANCORPSOUTH Depository , BANCORPSOUTH Depository , BANCORPSOUTH Depository , BANK MIDWEST Depository , BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository

5 Document Page 5 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF AMERICA Depository BANK OF OKLAHOMA Depository , BANK OF THE CASCADES Depository BANK WEST Depository BANKCHAMPAIGN Depository , BANKFIVE Depository , BANKNEWPORT Depository , BB&T Depository , BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BB&T - GA Depository BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , BBVA COMPASS BANK Depository , BEDFORD FEDERAL SAVINGS BANK Depository , BERKSHIRE BANK Depository , BLACKRIDGE BANK Depository ,300.00

6 Document Page 6 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) BMO HARRIS BANK Depository 9314 (2,991.09) BMO HARRIS BANK Depository , BRIDGEVIEW BANK Depository BRISTOL COUNTY SAVINGS BANK Depository CAPITAL BANK Depository , CAPITAL ONE Depository CAPITAL ONE Depository , CAPITAL ONE Depository CAPITAL ONE Depository , CAPITAL ONE Depository , CAPITAL ONE Depository , CAPITAL ONE Depository CAPITAL ONE Depository , CARTER BANK & TRUST Depository CENTER STATE BANK Depository , CENTRAL BANK OF BRANSON Depository , CHEMICAL BANK Depository , CHEMUNG CANAL TRUST CO Depository , CHEMUNG CANAL TRUST CO Depository , CITIZENS BANK Depository CITIZENS BANK Depository CITIZENS BANK Depository , CITIZENS BANK Depository CITIZENS BANK Depository CITIZENS BANK Depository CITIZENS BANK Depository CITIZENS BANK - MS Depository CITIZENS NATIONAL BANK-TN Depository , CITIZENS NATIONAL BANK-TN Depository , CITIZENS NATIONAL BANK-TX Depository , CITY NATIONAL BANK & TRUST Depository , CITY NATIONAL BANK OF WEST VIRGINIA Depository COLUMBIA BANK Depository COMMUNITY BANK Depository , COMMUNITY BANK Depository 1184 (426.35) COMMUNITY BANK Depository 1040 (568.55) COMMUNITY NATIONAL BANK Depository , COMMUNITY TRUST BANK Depository , DACOTAH BANK Depository , DOLLAR BANK Depository , FIFTH THIRD BANK Depository , S&T Bank Depository , FIRST BANK Depository , FIRST BANK Depository FIRST CITIZENS BANK Depository FIRST CITIZENS BANK & TRUST Depository , FIRST CITIZENS BANK & TRUST Depository FIRST CITIZENS BANK & TRUST Depository , FIRST CITIZENS BANK & TRUST Depository FIRST CITIZENS BANK & TRUST Depository , FIRST COMMONWEALTH BANK Depository FIRST COMMUNITY BANK Depository FIRST FINANCIAL BANK Depository FIRST INTERSTATE BANK Depository , FIRST NATIONAL BANK & TRUST COMPANY Depository , FIRST NATIONAL BANK OF DURANGO Depository , First National Bank of Hutchinson Depository FIRST NATIONAL BANK OF LOUISIANA Depository , FIRST NATIONAL BANK PIERRE Depository , FIRST NATIONAL BANK-TX Depository , FIRST PALMETTO BANK Depository , FIRST SECURITY BANK-AR Depository , FIRST SECURTIY BANK-MS Depository FIRST STATE COMMUNITY BANK Depository , FIRST STATE FINANCIAL Depository , FIRST UNITED BANK & TRUST Depository FIVE STAR BANK Depository , FRANKLIN SAVINGS BANK Depository FRAZER BANK Depository GATEWAY STATE BANK Depository , GLACIER BANK-MOUNTAIN WEST DIV Depository GREAT WESTERN BANK Depository ,034.16

7 Document Page 7 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) HAMILTON STATE BANK Depository , HICKORY POINT BANK & TRUST Depository , HOMETOWN NATIONAL BANK Depository , HORICON BANK Depository HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository HUNTINGTON NATIONAL BANK Depository HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , HUNTINGTON NATIONAL BANK Depository , IBERIABANK Depository INTERNATIONAL BANK OF COMMERCE Depository , INTRUST BANK Depository JPMORGAN CHASE BANK Depository , KENNEBUNK SAVINGS BANK Depository KEY BANK Depository , LANDMARK BANK Depository , LIBERTY FEDERAL SAVINGS BANK Depository , LIBERTY NATIONAL BANK Depository , LINCOLN SAVINGS BANK Depository M & T BANK Depository M & T BANK Depository M & T BANK Depository , M & T BANK Depository , M & T BANK Depository , M & T BANK Depository M & T BANK Depository , MAINSOURCE BANK Depository , MERCANTILE BANK Depository , MIDLAND STATES BANK Depository , MID-MISSOURI BANK Depository MONTGOMERY BANK Depository MUTUALBANK Depository MUTUALBANK Depository , NBT BANK Depository 1817 (308.03) NEVADA STATE BANK Depository NEW MEXICO BANK AND TRUST Depository , NORTHWEST BANK Depository NORTHWEST SAVINGS BANK Depository ORRSTOWN BANK Depository PEOPLES BANK OF ALABAMA Depository , PEOPLES COMMUNITY BANK Depository PEOPLES NATIONAL BANK Depository , PEOPLES NATIONAL BANK OF MORA Depository PEOPLE'S UNITED BANK Depository , PINE BLUFF NATIONAL BANK Depository , PINNACLE BANK Depository , PINNACLE BANK Depository PNC BANK Depository , PREMIER BANK Depository , PREMIER BANK MINNESOTA Depository RCB BANK Depository , RED RIVER BANK Depository REGIONS BANK Depository , RENASANT BANK Depository ROCKLAND TRUST Depository , SABINE STATE BANK & TRUST Depository , SALEM FIVE CENTS SAVINGS BANK Depository , SECURITY BANK Depository , SECURITY NATIONAL BANK Depository SECURITY NATIONAL BANK & TRUST (THE PARDepository SECURITY STATE BANK Depository , STAR FINANCIAL BANK Depository STATE BANK & TRUST Depository , SUNFLOWER BANK Depository , SUNTRUST BANK Depository ,043.97

8 Document Page 8 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) SUNTRUST BANK Depository , SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository , SUNTRUST BANK Depository , SUNTRUST BANK Depository SUNTRUST BANK Depository , SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository SUNTRUST BANK Depository , SUNTRUST BANK Depository SUNTRUST BANK Depository , SUNTRUST BANK Depository , SUNTRUST BANK Depository , Taylor County Bank Depository TCF BANK Depository , TD BANK Depository , TD BANK Depository , TD BANK Depository TD BANK Depository , TD BANK Depository , TD BANK Depository , TD BANK Depository , TEXAS CHAMPION BANK Depository THE BARABOO NATIONAL BANK Depository , THE CITIZENS BANK Depository , THE FIRST STATE BANK OF RED WING Depository THE PESHTIGO NATIONAL BANK Depository , TRADITIONAL BANK Depository , TRADITIONS BANK Depository TRUSTCO BANK Depository , TUSCOLA NATIONAL BANK Depository Umpqua Bank Depository UNITED COMMUNITY BANK Depository , US BANK Depository , WELLS FARGO BANK Depository , WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository

9 Document Page 9 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository

10 Document Page 10 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository

11 Document Page 11 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository

12 Document Page 12 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository

13 Document Page 13 of 23 BANK RECONCILIATIONS - (Bank statements and bank to book cash reconciliations are available upon request) Continuation Sheet for MOR-1 Last Four Digits of CASE NO. BANK NAME TYPE OF ACCOUNT ACCOUNT # BANK BALANCE (1) (2) WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WELLS FARGO BANK Depository WESBANCO BANK Depository , WESTERN BANK Depository WESTERN COMMERCE BANK Depository , WESTERN STATE BANK Depository , WHITNEY BANK Depository WILSON BANK AND TRUST Depository WRENTHAM CO-OP BANK Depository Bank of America-Disbursement Disbursement Account ,585, Bank of America-Payroll Payroll Account , Bank of America-Merchandise rue Services Corporation Account , Bank of America-Concentration Concentration Account , Bank of America-Operating Account Master Depository Account Bank of America-rservices Account Rservices Account , Wilmington Savings funds Society DIP Fund Account ,575, Bank of America-Utility Deposit Account Utility Deposit Account ,000.00

14 Document Page 14 of 23 STATEMENT OF OPERATIONS (Income Statement) (1) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid. Jun-17 Actual Net Sales $ 94,280 Store occupancy 8,896 Freight 1,564 Supply Chain 1,464 Buying & buying support 468 Other costs 12,392 Cost of goods sold 58,559 Gross profit 35,720 Merchandise margin 48,112 Other margin (12,392) Store operations 20,884 Administrative & general 5,475 - Total selling, general & administrative 26,358 Adjusted EBITDA 9,362 Other expenses (2) (10,712) EBITDA 20,074 Depreciation and amortization 4,258 Operating Income (Loss) 15,816 Interest expense (income) 7,727 Pre-tax income (Loss) 8,089 Income taxes (Benefit) 3,074 Net income (Loss) 5,015 (1) The information contained in MOR-2 is provided to fulfill the requirements of the Office of the United States Trustee. All information contained in MOR-2 is unaudited and subject to future adjustment. Given that the Debtors financial statements and balance sheets are typically on a consolidated basis, all information contained in MOR-2 has been presented on a consolidated basis. (2) Includes post petition restructuring expenses and gain on the sale of fixtures FORM MOR-2 2/2008 PAGE 13 OF 17

15 Document Page 15 of 23 BALANCE SHEET (1) The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from post-petition obligations. (1) The information contained in MOR-3 is provided to fulfill the requirements of the Office of the United States Trustee. All information contained in MOR-3 is unaudited and subject to future adjustment. Given that the Debtors financial statements and balance sheets are typically on a consolidated basis, all information contained in MOR-3 has been presented on a consolidated basis. FORM MOR-3 2/2008 PAGE 14 OF 17

16 Document Page 16 of 23 Condensed Balance Sheets For Period Ended July 1, 2017 Unaudited (in thousands) Current Year ASSETS Current Assets Cash and Cash Equivalents $ 11,387 Accounts Receivable 2,828 Merchandise Inventory 123,656 Prepaid Expenses and Other Current Assets 29,616 Total Current Assets 167,487 Long-Term Assets Property and Equipment - At Cost 280,832 Less: Accumulated Depreciation and Amortization (138,910) Total Property and Equipment, Net 141,922 Other Assets 9,648 Intangible Assets 180,456 Goodwill 453,391 Total Assets $ 952,904 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Current Maturities of Long-Term Debt $ 140,243 Accounts Payable 129,984 Accruals and Other Current Liabilities 47,237 Accrued Interest 32,071 Accrued and Deferred Rent - Current 6,124 Accrued Payroll and Related Taxes 8,687 Total Current Liabilities 364,345 Long-Term Liabilities Long-Term Debt 634,258 Revolver Deferred Rent and Other Long-Term Liabilities 61,443 Deferred Tax Liability 12,136 Total Long-Term Liabilities 707,837 Total Liabilities 1,072,182 Stockholders' Equity Additional Paid-In Capital 275,614 Retained Earnings (394,892) Total Stockholders' Equity (119,278) Total Liabilities and Stockholders' Equity $ 952,904 FORM MOR-3 2/2008 PAGE 15 OF 17

17 Document Page 17 of 23 rue21, inc. (1) Beginning Tax Liability Amount Withheld or Accrued Amount Paid Date Paid Check No. Or EFT Ending Tax Liability Federal Withholding - 1,507,437 1,507,437 - FICA - Employee - 1,446,974 1,446,974 - FICA - Eomployer - 1,446,973 1,446,973 - Unemployment - 47,759 47,759 - Income Other: - - Total Federal Taxes - 4,449,143 4,449,143 - State & Local Withholding - 503, ,147 - Sales 6,412,799 6,948,890 7,028,827 Various Various 6,332,861 Excise Unemployment - 166, ,193 - Real Property Personal Property 1,676,968 82,959 Various Checks 1,594,010 Other: Franshise 170, ,000 Total State and Local 8,259,767 7,618,230 7,781,126 8,096,871 Total Taxes 8,259,767 12,067,372 12,230,268 8,096,871 SUMMARY OF UNPAID POST-PETITION DEBTS (2) Attach aged listing of accounts payable. Number of Days Past Due Current Over 91 Total Accounts Payable 2,412,991 2,933,653 37, ,007 5,499,530 Wages Payable 6,860,496 6,860,496 Taxes Payable - Rent/Leases-Building - Rent/Leases-Equipment - Secured Debt/Adequate Protection Payments - Professional Fees Payable 1,084,845 1,084,845 Amounts Due to Insiders - Other: - Other: - Total Post-petition Debts 10,358,332 2,933,653 37, ,007-13,444,871 Explain how and when the Debtor intends to pay any past due post-petition debts. (1) The Debtors have received approval to pay prepetition tax and fee obligations, including, without limitation, sales, use and excise taxes, franchise taxes, real and property taxes, income taxes, and certain other taxes due in the normal course of business through certain First Day Motions. As such, the applicable taxes had been paid when due except for amounts that are in dispute, if any. (2) The Debtors are current on post-petition payables, taking into consideration pending credits and adjustments and disputes that arise in the ordinary course of business.

18 Document Page 18 of 23 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING (1) Accounts Receivable Reconciliation Total Accounts Receivable at the beginning of the reporting period Plus: Amounts billed during the period Less: Amounts collected during the period Total Accounts Receivable at the end of the reporting period rue21, inc. Amount 2,346, ,721 (911,870) 1,828,830 rue21, inc. Accounts Receivable Aging Amount 0-30 days old 1,815, days old 2, days old days old 10,116 Total Accounts Receivable 1,828,830 Less: Bad Debts (Amount considered uncollectible) - Net Accounts Receivable 1,828,830 (1) The Debtors reconcile and age individual customer accounts receivables in the normal course of the Debtor's business. DEBTOR QUESTIONNAIRE Must be completed each month rue21, inc. 1. Have any assets been sold or transferrred outside the normal course of business this reporting period? If yes, provide an explanation below. 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. NO NO YES YES FORM MOR-5 2/2008 PAGE 17 OF 17

19 Document Page 19 of 23 P.O. Box Wilmington, DE Customer service information Customer service: RUE21 INC DEBTOR IN POSSESSION CASE GLT BLKACCT FBO BANK OF AMERICA NA-CONCENTRA 800 COMMONWEALTH DR STE 100 WARRENDALE, PA bankofamerica.com Bank of America, N.A. P.O. Box Richmond, Virginia Please see the Important Messages - Please Read section of your statement for important details that could impact you. Your Full Analysis Business Checking for May 28, 2017 to June 30, 2017 Account number: 7932 RUE21 INC DEBTOR IN POSSESSION CASE GLT BLKACCT FBO BANK OF AMERICA NA-CONCENTRA Account summary Beginning balance on May 28, 2017 $356, Deposits and other credits 83,530, Withdrawals and other debits -83,620, Checks Service fees # of deposits/credits: 184 # of withdrawals/debits: 105 # of days in cycle: 30 Average ledger balance: $478, Ending balance on June 30, 2017 $266, PULL: Y CYCLE: 41 SPEC: E DELIVERY: E TYPE: S IMAGE: A BC: VA Page 1 of 28

20 Document Page 20 of 23 P.O. Box Wilmington, DE Customer service information Customer service: RUE 21 INC DEBTOR IN POSSESSION CASE GLT DISBURSEMENT ACCOUNT 800 COMMONWEALTH DR STE 100 WARRENDALE, PA bankofamerica.com Bank of America, N.A. P.O. Box 4899 Atlanta, GA Please see the Important Messages - Please Read section of your statement for important details that could impact you. Your Full Analysis Business Checking for May 27, 2017 to June 30, 2017 Account number: 8352 RUE 21 INC DEBTOR IN POSSESSION CASE GLT DISBURSEMENT ACCOUNT Account summary Beginning balance on May 27, 2017 $1,187, Deposits and other credits 94,136, Withdrawals and other debits -89,687, Checks Service fees -50, # of deposits/credits: 33 # of withdrawals/debits: 254 # of days in cycle: 30 Average ledger balance: $2,894, Ending balance on June 30, 2017 $5,585, PULL: Y CYCLE: 81 SPEC: E DELIVERY: E TYPE: IMAGE: A BC: GA Page 1 of 26

21 Document Page 21 of 23 P.O. Box Wilmington, DE Customer service information Customer service: RUE21 INC DEBTOR IN POSSESSION CASE GLT UTILITY DEPOSITS 800 COMMONWEALTH DR STE 100 WARRENDALE, PA bankofamerica.com Bank of America, N.A. P.O. Box Richmond, Virginia Please see the Important Messages - Please Read section of your statement for important details that could impact you. Your Full Analysis Business Checking for June 1, 2017 to June 30, 2017 Account number: 1809 RUE21 INC DEBTOR IN POSSESSION CASE GLT UTILITY DEPOSITS Account summary Beginning balance on June 1, 2017 $600, Deposits and other credits 0.00 Withdrawals and other debits Checks Service fees # of deposits/credits: 0 # of withdrawals/debits: 0 # of days in cycle: 30 Average ledger balance: $600, Ending balance on June 30, 2017 $600, PULL: E CYCLE: 44 SPEC: E DELIVERY: E TYPE: IMAGE: A BC: VA Page 1 of 6

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