Fossil Announces $1.0 Billion Share Repurchase Program

Fossil Announces $1.0 Billion Share Repurchase Program

RICHARDSON, Texas, Dec. 5, 2012 (GLOBE NEWSWIRE) -- Fossil, Inc. (Nasdaq:FOSL)
(the "Company") today announced that its Board of Directors has approved a new
stock repurchase program. Under the new program, the Company is authorized to
repurchase up to $1.0 billion of its outstanding shares of common stock from
time to time, depending on market conditions, share price and other factors.
The authorization expires on December 31, 2016 and repurchases may be made on
the open market, in block trades or otherwise. The program may be suspended or
discontinued at any time. In August 2010, the Company announced a $750 million
share repurchase program (the "$750 Million Program"). As of December 4, 2012,
the Company had repurchased 9,031,066 shares at a cost of approximately
$693,117,783 under the $750 Million Program. The Company expects to complete
the $750 Million Program in the Company's 2013 first fiscal quarter.

"We are pleased to announce the continuation of our share repurchase program.
We believe this ongoing program supports our strategy of rewarding
stockholders while allowing us the operational flexibility to invest
appropriately in our global business," said Kosta Kartsotis, Chief Executive
Officer. "We believe utilizing our strong balance sheet and future cash flows
will be sufficient to fund this program as well as future investments to
support the Company's long-term growth objectives."

As of November 2, 2012, Fossil had approximately 60,021,257 shares of common
stock outstanding.

Safe Harbor

Certain statements contained herein that are not historical facts constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and involve a number of risks and uncertainties.
The actual results of the future events described in such forward-looking
statements could differ materially from those stated in such forward-looking
statements. Among the factors that could cause actual results to differ
materially are: changes in economic trends and financial performance, changes
in consumer demands, tastes and fashion trends, lower levels of consumer
spending resulting from a general economic downturn, shifts in market demand
resulting in inventory risks, changes in foreign currency exchange rates, and
the outcome of current and possible future litigation, as well as the risks
and uncertainties set forth in the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2011 and its Quarterly Reports on Form 10‑Q
filed with the Securities and Exchange Commission (the "SEC").

About Fossil

Fossil is a global design, marketing and distribution company that specializes
in consumer fashion accessories. The Company's principal offerings include an
extensive line of men's and women's fashion watches and jewelry sold under
proprietary and licensed brands, handbags, small leather goods, belts,
sunglasses, soft accessories, shoes and clothing. In the watch and jewelry
product categories, the Company's offerings include a diverse portfolio of
globally recognized proprietary and licensed brand names under which its
products are marketed. The Company's extensive range of accessory products,
brands, distribution channels and price points allows it to target
style-conscious consumers across a wide age spectrum on a global basis. The
Company's products are sold to department stores, specialty retail stores and
specialty watch and jewelry stores in the U.S. and in approximately 120
countries worldwide through 23 Company-owned foreign sales subsidiaries and a
network of over 60 independent distributors. The Company also distributes its
products in over 400 Company-owned and operated retail stores and through
international e-commerce websites and the Company's U.S. e-commerce website at
www.fossil.com, where certain product, press release and SEC filing
information concerning the Company are also available.

The Fossil, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3296

CONTACT: Mike Kovar
         Chief Financial Officer
         Fossil, Inc.
         (972) 699-6811
        
         Investor Relations:
         Allison Malkin
         ICR, Inc.
         (203) 682-8225

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