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Ross Stores Announces Quarterly Dividend

NEWARK, Calif., Aug 23, 2001 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) announced today that the company's Board of Directors declared a regular quarterly cash dividend of $.0425 per common share, payable on or about October 1, 2001 to stockholders of record as of September 5, 2001.

Ross Stores, Inc. reported sales of $2.7 billion in 2000, its most recent fiscal year. The off-price retailer operates 431 stores in 21 states, offering first-quality, in season, branded apparel, accessories and footwear for the entire family as well as gift items and linens for the home all at everyday savings of 20% to 60% less than regular department and specialty store prices.

SOURCE Ross Stores, Inc.

CONTACT:          John G. Call, Senior Vice President & Chief Financial Officer,
                  +1-510-505-4315, or Katie Loughnot, Director, Investor Relations,
                  +1-510-505-4509, or, both of Ross Stores, Inc.
                  /Company News On-Call: