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PR Newswire
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Jones Apparel Group, Inc. Supplements Offer Materials in Connection With Previously Announced Cash Tender Offer for 4.250% Senior Notes Due 2009

NEW YORK, April 3 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc. ("Jones") announced today that it, Jones Apparel Group Holdings, Inc., Jones Apparel Group USA, Inc., Nine West Footwear Corporation and Jones Retail Corporation (together, the "Issuers") have distributed a Supplement dated April 3, 2009 (the "Supplement") to the Offer to Purchase dated April 1, 2009 (the "Offer to Purchase") relating to the Issuers' previously announced tender offer for their 4.250% Senior Notes due 2009 (the "2009 Notes"). The Supplement provides additional information with respect to (a) the deadline for tendering 2009 Notes for holders who wish to participate in both the tender offer and the concurrent consent solicitation and (b) the withdrawal rights of holders of 2009 Notes.

Specifically, the Supplement clarifies that holders who wish to participate in both the tender offer and the consent solicitation must tender their 2009 Notes prior to the expiration date of the consent solicitation (11:59 p.m., New York City time, on April 15, 2009, unless extended or otherwise terminated). In addition, the Supplement provides that holders who (i) tender their 2009 Notes pursuant to the tender offer without delivering consents may withdraw their tenders at any time prior to the expiration date of the tender offer; (ii) tender their 2009 Notes pursuant to the tender offer and also deliver consents pursuant to the consent solicitation may withdraw their tenders and revoke their consents at any time prior to the time that the Issuers and the trustee execute the supplemental indenture giving effect to the proposed amendments (the "Execution Date") or (iii) deliver consents pursuant to the consent solicitation without tendering 2009 Notes may revoke their consents at any time prior to the Execution Date.

The tender offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal. The consent solicitation is being made upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated April 1, 2009 (the "Consent Solicitation Statement") and the related Consent Form. The Offer to Purchase and the related Letter of Transmittal and the Consent Solicitation Statement and the related Consent Form contain important information which should be read carefully before any decision is made with respect to the tender offer and the consent solicitation, respectively.

Citi has been retained to serve as the Lead Dealer Manager for the tender offer and the Lead Solicitation Agent for the consent solicitation and can be contacted at (800) 558-3745 (toll-free) and (212) 723-6106 (collect). Banc of America Securities LLC, J.P. Morgan and Wachovia Securities have been retained to serve as the Co-Dealer Managers for the tender offer and the Co-Solicitation Agents for the Consent Solicitation. Global Bondholder Services Corporation is the Information Agent and the Depositary for each of the tender offer and the consent solicitation and can be contacted at (866) 937-2200 (toll-free) or (212) 430-3774 (collect).

This release is for informational purposes only and is neither an offer to purchase, a solicitation to sell the Notes nor a recommendation regarding the tender offer or consent solicitation. Holders should seek legal advice from an independent financial advisor as to the suitability of the transactions described herein for the individual concerned. The tender offer and the consent solicitation are not being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Jones Apparel Group, Inc.

Jones Apparel Group, Inc. is a Pennsylvania corporation. Our principal executive offices are located at 1411 Broadway, New York, NY 10018, and our telephone number at that address is (212) 642-3860. We are a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. We also market directly to consumers through our chain of specialty retail and value-based stores and through our e-commerce web sites. Our nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. We also market costume jewelry under the Givenchy brand licensed from Givenchy Corporation, footwear under the Dockers Women brand licensed from Levi Strauss & Co., and apparel under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. We contract for the manufacture of our products through a worldwide network of quality manufacturers. We have capitalized on our nationally known brand names by entering into various licenses for several of our trademarks, including Jones New York, Anne Klein New York, Nine West, Gloria Vanderbilt, l.e.i. and Evan-Picone, with select manufacturers of women's and men's products which we do not manufacture. For more than 30 years, we have built a reputation for excellence in product quality and value, and in operational execution.

Cautionary Statement

This release may contain forward-looking statements. Actual results and facts may differ materially as a result of a variety of factors, many of which are outside of our control. Risk factors and additional information are included in our reports on file with the Securities and Exchange Commission, including Jones' Annual Report on Form 10-K for the year ended December 31, 2008.

Jones Apparel Group, Inc.

CONTACT: INVESTORS, John T. McClain, Chief Financial Officer, Jones
Apparel Group, Inc., +1-212-642-3860; MEDIA, Joele Frank and Sharon Stern,
both of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449

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