Francesca's Holdings Corporation announced that on January 29, 2019, Mr. Steven Lawrence resigned from the Board of Directors of the Company as a Class II director of the Board and his positions as President and from all other positions he holds with the Company and each of its subsidiaries, effective February 1, 2019. The resignation of Mr. Lawrence was not as a result of a disagreement with the Company or on any matter relating to the Company's operations, policies or practices.