Liz Claiborne Purchases ENYCE

Liz Claiborne Inc., New York City, has completed its purchase of the equity interest of ENYCE
Holding LLC, also based in New York City, for $114 million, including the retirement of debt at

The purchase includes the ENYCE® men’s line, which accounts for 84 percent of net sales; and
Lady ENYCE® line, which accounts for 16 percent. The streetwear fashion brands were expected to
generate $95 million in net sales in fiscal 2003.

January 2004