Related Party Transactions and Outside Related Director Information

Syms Corp. (SYM)

6/2/2006 Proxy Information

The Company leases its store in Elmsford, New York from Sy Syms, Chairman of the Board and principal shareholder of the Company at an annual fixed rent of $796,500. The lease for this store between the Company and Mr. Syms expires November 30, 2010. During the fiscal year ended February 25, 2006, the Company paid to Sy Syms approximately $796,500 in fixed rent.

Marcy Syms is Sy Syms' daughter. Sy Syms had served as Chairman and Chief Executive Officer of Syms Corp. and/or its predecessors since 1959.