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Liz Claiborne Inc Announces 2-for-1 Stock Split

NEW YORK, Dec. 19 /PRNewswire/ -- Liz Claiborne Inc. (NYSE: LIZ) today announced that its board of directors has authorized a 2-for-1 stock split of the Company's common stock in the form of a stock dividend, payable on January 16, 2002 to holders of record on December 31, 2001. Holders of the Company's common stock will receive one additional share of common stock for every share of common stock they own on the record date. The Company's transfer agent, The Bank of New York, will mail certificates for new shares to stockholders of record on or about the payable date. Liz Claiborne Inc. designs and markets an extensive range of women's andmen's fashion apparel and accessories appropriate to wearing occasions ranging from casual to dressy. The Company also markets fragrances for women and men.Liz Claiborne Inc.'s brands include -- Claiborne, Crazy Horse, Curve, Dana Buchman, Elisabeth, Emma James, First Issue, Laundry by Shelli Segal, LizClaiborne, Lucky Brand, Mambo, Meg Allen, Mexx, Monet, Russ, Sigrid Olsen andVillager. In addition, Liz Claiborne Inc. holds the exclusive, long-termlicense to produce and sell men's and women's collections of DKNY(R) Jeans and DKNY(R) Active in the Western Hemisphere, as well as CITY DKNY(R) better women's sportswear. The Company also has the exclusive license to produce and sell women's sportswear under the Kenneth Cole New York, Unlisted.com and Reaction Kenneth Cole brand names.SOURCE Liz Claiborne Inc.Copyright © 1996-2001 PR Newswire Association Inc. All Rights Reserved.




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