Casual Male Retail Group, Inc. (Nasdaq: CMRG) (the “Company”) announced today that its board of directors has approved an amendment to its existing rights plan (which is sometimes referred to as a “poison pill”). The amendment, which will be effective until the earlier of (i) the date immediately following the date of the Company’s upcoming annual meeting of stockholders and (ii) August 31, 2009, reduces the beneficial ownership threshold under the rights plan from 15% of the Company’s common stock to 5% of the Company’s stock (including for these purposes options, warrants, other rights to acquire stock, or securities convertible or exchangeable into stock) and otherwise expands the definition of “Acquiring Person” to include persons or groups that would be considered “5-percent shareholders” under section 382 of the Internal Revenue Code (the “Code”) and the Treasury Regulations thereunder. The rights plan amendment exempts stockholders whose current beneficial ownership of the Company’s stock exceeds 5% percent so long as they do not acquire additional stock following the opening of business on June 29, 2009.

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