Tiffany & Co. announced the commencement of consent solicitations relating to its outstanding $250,000,000 3.800% senior notes due October 1, 2024 (the “2024 Notes”) and to its outstanding $300,000,000 4.900% senior notes due October 1, 2044 (the “2044 Notes” and, together with the 2024 Notes, the “Affected Notes” and, together with any other notes issued from time to time under the Indenture (as defined below), the “Notes”). As of December 8, 2020, there was $250,000,000 aggregate principal amount of 2024 Notes outstanding and $300,000,000 aggregate principal amount of 2044 Notes outstanding. The consent solicitation for each series of Affected Notes will expire at 5:00 p.m., New York City time, on December 14, 2020, unless terminated or extended by the Company (the “Expiration Date”). The consent solicitation for each series of Affected Notes is conditioned on the receipt of consents from holders of such series as of 5:00 p.m., New York City time, on December 7, 2020 (the “Record Date”), of at least a majority in principal amount of that series of outstanding Affected Notes. The consent solicitations are also subject to certain other customary conditions, each of which may be waived by the Company at any time. The Company will, after the Expiration Date and upon (i) the satisfaction or waiver of all terms and conditions to the consent solicitations for a series of Affected Notes and (ii) the closing of the Merger, promptly cause to be paid to each holder of a series of Affected Notes who has delivered (and not revoked) a valid consent in favor of the proposed amendments prior to the Expiration Date a cash payment of $1.50 for each $1,000 principal amount of that series of Affected Notes in respect of which such consent has been delivered, subject to applicable withholding, if any.