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Tiffany Extends Expiration of Share Repurchase Program

  Tiffany Extends Expiration of Share Repurchase Program

Business Wire

NEW YORK -- January 17, 2013

The Board of Directors of Tiffany & Co. (NYSE: TIF) has today extended the
expiration date of the Company’s share repurchase program. The existing
program, which was approved in January 2011 with an authorization to
repurchase up to $400 million of the Company’s Common Stock, was scheduled to
expire on January 31, 2013. The expiration date is now extended to January 31,
2014 and approximately $164 million remains available for share repurchases
under this authorization. The Company is not currently purchasing shares but
management may resume repurchases at any time in its discretion.

Tiffany & Co. operates jewelry stores and manufactures products through its
subsidiary corporations. Its principal subsidiary is Tiffany and Company. The
Company operates TIFFANY & CO. retail stores in the Americas, Asia-Pacific,
Japan, Europe and the United Arab Emirates, and also engages in direct selling
through Internet, catalog and business gift operations. For additional
information, please visit www.tiffany.com or call the shareholder information
line at 800-TIF-0110.

Contact:

Tiffany & Co.
Mark L. Aaron, 212-230-5301
mark.aaron@tiffany.com