Tommy Hilfiger Continues Growth in Year Ended 31 March 2009(1)

AMSTERDAM - Financial Highlights - Total Group net sales increased 21% to EUR1,600 million - Global retail value of net sales of EUR 3.4 billion - Sales growth in wholesale 16% and retail 29%, driven by organic growth, new store openings and the newly acquired Japan and European Footwear business (12% of total 21% growth). - Despite pressure on margins in the second half of the year, EBITDA equal to FY08 at EUR 270 million. - European sales up 14% to EUR795 million with an EBITDA margin of 23.2% (FY08: 27.2%) - North American sales of USD 898 million up 10% with an EBITDA margin of 10.4% (FY08: 15.2%) - Cash generated from operations at EUR 267 million (FY08: EUR 228 million) - Despite significant investments in stores, shop-in-shops and the acquisition of TH Japan, net debt lower than prior year at EUR 505 million (leverage ratio at 1.9) Operational Highlights - 100 new freestanding store openings, taking the global store portfolio to over 900 - Largest Tommy Hilfiger flagship store in Europe opened in Cologne, Germany in March 2009 - Business in Japan was swiftly integrated and contributed significantly to results - In March 2009, we announced our intent to integrate our US and Canadian business into Tommy Hilfiger North America - Strategic alliance with Macy’s, established in Fall 2008, successful and expanding product line to include children’s wear - First global flagship store on Fifth Avenue in New York City set to open September 2009

Commenting on the results Fred Gehring, Chief Executive Officer, said:

“Like everyone else we have had to address the new economic reality with an increased focus on inventories, receivables, costs and cash, but we are more than pleased that in spite of the unprecedented economic circumstances we were able to continue our growth pattern through the second half of the year, albeit at a much more controlled level. We believe that this is a true testament to the incredible global strength of the Tommy Hilfiger brand, our people and our balanced business model.

We expect the coming year to be challenging but we are focused on the opportunities and have initiated a significant number of organizational adjustments so that over the course of the year we will become a more efficient organization. We will continue to seek new expansion opportunities in product categories, geographies and store portfolio which allow us to anticipate continued growth.”

Notes to Editors

About the Tommy Hilfiger Group

With a premium lifestyle brand portfolio that includes Tommy Hilfiger and Hilfiger Denim, The Tommy Hilfiger Group of Companies is one of the world’s most recognized designer apparel groups. The Group’s focus is designing and marketing high-quality menswear, womenswear, children’s apparel and denim collections. Through select licensees, the Group offers complementary lifestyle products such as accessories, fragrances and home furnishings. Tommy Hilfiger Group merchandise is available to consumers worldwide through an extensive network of dedicated retail stores, leading specialty and department stores and other carefully controlled distribution channels. For additional information about the Tommy Hilfiger Group of Companies, please visit www.tommy.com.

Operational Review

Europe

In Europe total sales increased by 14% to EUR 795 million. The wholesale operations showed the largest increase as a result of continued growth in all regions and product groups, as well as the inclusion of European footwear sales. The retail business showed 1.3% comparable store sales growth and 6% overall growth compared to the prior year.

Daniel Grieder was appointed Chief Executive Officer of Tommy Hilfiger Europe B.V. in October 2008. His previous role as Chief Operating Officer and President of Tommy Hilfiger Europe as well as 11 years experience at Tommy Hilfiger Group, made him a natural choice to strengthen the European management team to face the challenges and opportunities ahead.

March 2009 also saw Tommy Hilfiger make an important strategic move and open its largest European flagship store in Cologne, Germany. The opening has thus far been very successful, despite difficult market conditions and further cements Tommy Hilfiger’s efforts to further elevate and re-confirm the brand’s positioning in the European market.

North America

Total sales increased 10% to $ 898 million (EUR636 million). In the wholesale business, the partnership with Macy’s again contributed to the growth compared to last year, resulting in an increased market share compared to our competitors. In the retail stores the comparable growth amounted to 0.7%, with the second half of the year showing a reversal of the first half year trend. Total retail sales growth amounted to 10%.

Our successful strategic alliance with Macy’s has been expanded to include the Tommy Hilfiger children’s wear range following its success in Europe.

In March 2009, we announced our intent to integrate our US and Canadian business into Tommy Hilfiger North America. The integration of the North American business is progressing according to plan.

Rest of the world

Sales in Japan developed according to plan and are significantly contributing to the overall growth of the company. In addition, all our licensing partners in Middle and South America as well as the rest of Asia showed strong high single digit growth rates.

Store portfolio

A total of 100 new stores were opened in the year, taking the global store portfolio to over 900 at 31 March 2009. Of these stores, approximately 50% are owned and operated stores. As previously announced, Tommy Hilfiger Group intends to open its first global flagship store on 5th Avenue, New York, marking a major step in expanding the brand’s retail presence in the US. The store is due to open in September 2009.

Current Trading and Outlook

The global economic climate remains challenging and we, along with many international retailers, have experienced difficult market conditions. Initial figures show that after a challenging start to the Spring season, April saw stronger trading and in particular the European market showed a strong recovery around Easter. Tommy Hilfiger has a strong brand, experienced management team and diversified business model in geographic and distribution channel terms, and is well positioned to navigate the downturn. Our focus in the current market is on consolidating our position and building our performance in our markets whilst maintaining a disciplined approach to our cost base.

Note on the Accounts

The figures included in this report are prepared under the Company’s accounting standards, which are based on IFRS. The FY09 figures are derived from our consolidated financial statements for the year ended 31 March 2009.

Warning about Forward Looking Statements

Some statements in this document are forward-looking statements. These forward-looking statements are based on current expectations, estimates, forecasts and projections and our beliefs and assumptions about future events. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside of our control and impossible to predict and may cause actual results to differ materially from any future results expressed or implied.

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(1) On a comparable basis, which is based on an ongoing scope of current business and constant exchange rates.

Source: Tommy Hilfiger Group

For further information contact: Avery Baker, EVP of Global Marketing and Communications, Tommy Hilfiger, Tel: +31(0)20-589-9889, Avery.Baker at tommy.com; Abdel El Hamri, Director of Communications - Europe, Tommy Hilfiger Europe B.V., Tel: +31(0)20-589-5701, Abdel.Elhamri at tommy.com; James Olley, Director, Brunswick Group LLP, Tel: +44-20-7404-5959, jolley at brunswickgroup.com; Marybeth Schmitt, SVP of Communications - USA, Tommy Hilfiger USA, Tel: +1-212-548-1952, MSCHMITT at tommy-usa.com