Tiffany & Co. to Open Store in Perth, Australia

NEW YORK--(Business Wire)--
Tiffany & Co. (NYSE: TIF) today announced plans to open a store in
Perth, Australia, in July 2008. The approximately 4,500-square-foot
store will be located at 37 King Street, a historic building in the
city's premier shopping area.

The building, constructed in 1905 and a prime example of classic
Victorian architecture, is listed with the Heritage Council of Western
Australia. Tiffany architects and designers will preserve the
building's original facade and create a modern and gracious interior
on three levels that showcases an array of renowned TIFFANY & CO.
collections. Among them are the jeweler's celebrated diamonds in
engagement rings and jewels of ultimate glamour; fine and sterling
silver jewelry; the signature designs of Elsa Peretti, Paloma Picasso,
Jean Schlumberger and Frank Gehry; watches; gifts and accessories.

"We are extremely excited to be entering the Perth market and
offering its residents and visitors the convenience of shopping at
Tiffany & Co.," said Glen Schlehuber, managing director of Tiffany &
Co. Australia. "Our prominent location in a historic building in the
city's most desirable shopping area provides us with the ideal
environment for introducing everyone to our own heritage of design and
outstanding service for which Tiffany is renowned."

Perth is Tiffany's fourth location in Australia. The jeweler
currently operates stores in Sydney, Melbourne and Brisbane.

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. For additional information,
please visit www.tiffany.com.

TIFFANY & CO. and TIFFANY, are trademarks of Tiffany and Company.

Tiffany & Co.
Mark L. Aaron, 212-230-5301
mark.aaron@tiffany.com
or
Linda Buckley, 212-277-5900
linda.buckley@tiffany.com

Copyright Business Wire 2008