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Tiffany Declares Regular Quarterly Dividend

Tiffany Declares Regular Quarterly Dividend

Business Editors

NEW YORK–(BUSINESS WIRE)–May 16, 2002

The Board of Directors of Tiffany & Co. (NYSE:TIF) has declared a regular quarterly dividend of four cents per share on its Common Stock.

The dividend will be paid on July 10, 2002 to stockholders of record on June 20, 2002.

Tiffany & Co. is the internationally renowned jeweler and specialty retailer. Sales are made primarily through company-operated TIFFANY & CO. stores and boutiques in the Americas, Asia-Pacific and Europe. Direct Marketing includes Tiffany’s Business Sales division, catalog and Internet sales. Additional information can be found on Tiffany’s Web site, www.tiffany.com, and on its shareholder information line (800) TIF-0110.

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