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Oxford Industries Increases Share Repurchase Authorization

ATLANTA, Jan. 8 /PRNewswire/ -- The Board of Directors of OxfordIndustries, Inc. (NYSE: OXM) today declared a cash dividend of $.21 per share on Common Stock payable March 3, 2001 to stockholders of record onFebruary 15, 2001. This is the 163rd consecutive quarterly cash dividendsince Oxford became publicly-owned in 1960. The Board of Directors also issued a new stock repurchase authorization for up to 1,000,000 shares of the company's common stock. In accordance with the authorization, the company expects to repurchase its shares from time to time in privately negotiated and open market transactions. As of January 8,2001, the company had 468,227 shares remaining in its previous 1,000,000 share authorization announced in April, 1999. Safe Harbor Statement. This press release contains certain forward-looking statements with respect to anticipated future results, which are subject to risks and uncertainties that could cause actual results to differ materially from anticipated results. These risks and uncertainties include,but are not limited to, general economic and apparel business conditions,continued retailer and consumer acceptance of company products, and global manufacturing costs.SOURCE Oxford Industries, Inc.Copyright 2001 PR Newswire