Tiffany to Open Two New Men's Boutiques in Osaka and Tokyo in Spring 2008

Tiffany & Co. (NYSE: TIF) today announced plans to open two new boutiques under the name "Tiffany & Co. The Men’s Store,” in the Hankyu Department Store men's building in Osaka (7-10 Kakuda-cho Kita-ku) in February; and in Roppongi Hills in Tokyo (6-10-3 Roppongi Minato-ku) in April. In announcing the news, Michael Christ, president of Tiffany & Co. Japan Inc., said, "Following the success of our first men’s jewelry boutique at Isetan Department Store in Tokyo, we are pleased to announce the opening of two additional men’s stores. Osaka Umeda’s Hankyu Department Store and Tokyo’s Roppongi Hills are both high-fashion retail locations that will give our customers convenient access to our stylish and distinctive men’s collections.” The stores’ contemporary design features a brushed black stainless steel façade that opens to a gracious environment of grayish white wall surfaces and Mondrian-inspired framework, with black ebony wall showcases. The contrast of these materials creates a cool, sophisticated atmosphere that highlights the various merchandise displays. The new stores will offer Tiffany diamond jewelry including designs with the patented Lucida® diamond, in addition to rings and pendants from renowned TIFFANY & CO. collections including Tiffany Atlas® and Tiffany 1837™; gift items such as key rings; men’s jewelry from the celebrated creations of exclusive Tiffany designers Elsa Peretti, Paloma Picasso and Frank Gehry; as well as an important collection of Tiffany complicated watches. Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. Additional information can be found on Tiffany’s web site, www.tiffany.com or www.tiffany.co.jp. TIFFANY & CO., TIFFANY, LUCIDA, ATLAS and TIFFANY 1837 are exclusive trademarks of Tiffany and Company.