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Press release from Business Wire

Coach Becomes First U.S. Incorporated Company to List on the Hong Kong Stock Exchange

Thursday, December 01, 2011

Coach Becomes First U.S. Incorporated Company to List on the Hong Kong Stock Exchange07:00 EST Thursday, December 01, 2011 NEW YORK (Business Wire) -- Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, today announced the listing of its Hong Kong Depositary Receipts on the Hong Kong Stock Exchange by way of introduction¸ making Coach the first company incorporated in the United States to list in Hong Kong. The company noted that no additional common stock was issued, nor capital raised through this listing. In connection with the listing, Fried, Frank, Harris, Shriver & Jacobson LLP is the company's legal advisor and J.P. Morgan is the company's listing sponsor and depositary. Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, men's bags, women's and men's small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, jewelry and related accessories. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach's website at Coach's common stock is traded on the New York Stock Exchange under the symbol COH and Coach's Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388. This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," ”believe,” "intend," "estimate," "are positioned to," "continue," "project," "guidance," “target,” "forecast," "anticipated," or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach's latest Annual Report on Form 10-K and the listing document for a complete list of risk factors.The offering and listing of Hong Kong Depositary Receipts and the Hong Kong Depositary Shares evidenced thereby is being made on an exempt basis to non-U.S. persons outside the United States.Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements.Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.This document does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the company nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country. CoachAnalysts & Media:Andrea Shaw Resnick, 212-629-2618SVP Investor Relations & Corporate Communications