Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

Miraloma Borrower Corporation does not maintain bank accounts and therefore, does not have disbursements to report during the period.

Disbursement amounts include all payments clearing the bank during the period. Intercompany transfers and net DIP loan activity are not included.

I am the President and Chief Executive Officer for Pacific Sunwear of California, Inc. et al., the above-captioned debtors and debtors in possession (collectively, the “Debtors”). I am familiar with the debtors day-to-day operations, business affairs and books and records.

All statements in the Declaration are based on my personal knowledge, my review of the relevant documents, my discussions with other employees of the Debtors, or my opinion based upon my experience and knowledge of the Debtors’ operations and financial condition. If I were called upon to testify, I could and would testify to each of these facts set forth herein based on such personal knowledge, review of documents or opinion. I am authorized to submit this Declaration on behalf of the Debtors.

To the best of my knowledge, all of the Debtors’ bank balances as of July 2, 2016 have been reconciled in an accurate and timely manner.

The unaudited financial statements have been derived from the books and records of the Debtors. The information furnished in this report includes primarily normal recurring adjustments, but may not include all of the adjustments that would typically be made for the quarterly and annual financial statements in accordance with US GAAP. Furthermore, the monthly financial information contained herein has not been subjected to the same level of accounting review and testing that the Debtors apply in the preparation of their quarterly and annual financial information in accordance with US GAAP. Accordingly, upon the application of such procedures, the financial information may be subject to change and that these changes could be material.

Operating expenses include direct store expenses and selling, general, and administrative expenses.

Other current liabilities not subject to compromise may include prepetition accruals for which invoices have not been received.

Real property taxes are paid through mortgage payments, and as such, are not included on this schedule.

The Debtor is in the process of actively reviewing accounts payable and liabilities; therefore, these figures may be subject to change.

Accounts Payable excludes other accrued liabilities which include accruals for wages, benefits, royalties, freight, taxes, capital leases, insurance and other expenses that may not be payable as of the filing of this report. Other accrued liabilities may also include prepetition accruals for which invoices have not been received.

Debtors’ customer sales are collected at the time of transaction in the form of cash or credit card payments; therefore the Debtors do not carry significant account receivable balances. Certain other accounts receivable for rebates, holdbacks, vendor overpayments and credits, excess merchandise sold to third party resellers, and other non-trade receivables are included in the other current assets line item on the balance sheet.

Debtors opened a new depository bank account with the Bank of Hawaii (ending in #6088) June 10, 2016 to facilitate deposits for stores within the region. There was no activity in the account during the reporting period.