The report, How Public Is PrivatePhilanthropy? Separating Reality from Myth, is a comprehensive legal analysisthat examines the claim that charitable funds are “public money” because theyare exempt from federal taxes, receive state charters, and are subject tooversight by state attorneys general. June 19 (Reuters) – SANYO SHOKAI LTD PARENT-ONLY EARNINGS ESTIMATES (in billions of yen unless specified) 6 months to6 months to June 30,2009 June 30,2009 LATEST PREVIOUS FORECAST FORECAST Sales 51.5055.00Operating loss 3.10loss 1.00Recurring loss 3.10 loss 900 mln Net loss 2.10 loss 700 mln NOTE – Sanyo Shokai Ltd is a coat manufacturer. The Company undertakes noobligation to publicly update or revise any forward-looking statements,whether as a result of new information, future events or otherwise. SOURCELiz Claiborne, Inc.Investor Relations Contact: Robert J. Vill, Vice President-Finance andTreasurer, Liz Claiborne, Inc., +1-201-295-7515, ; or MediaRelations Contact: Jane Randel, Vice President-Corporate Communications, LizClaiborne, Inc., +1-212-626-3408, . June 19 (Reuters) – SANYO SHOKAI LTD CONSOLIDATED EARNINGS ESTIMATES (in billions of yen unless specified) 6 months to6 months to June 30,2009 June 30,2009 LATEST PREVIOUS FORECAST FORECAST Sales 52.5056.00Operating loss 3.30loss 1.00Recurring loss 3.30 loss 900 mln Net loss 2.20 loss 700 mln NOTE – Sanyo Shokai Ltd is a coat manufacturer.

For latest earnings estimates made by Toyo Keizai, pleasedouble click on 8011.TK1.. Additional risks andfactors are identified in the Company’s Annual Report on Form 10-K for thefiscal year ended January 3, 2009, in the section entitled “Risk Factors,” asupdated in the Company’s Quarterly Report on Form 10-Q for the fiscal quarterended April 4, 2009 and in Exhibit 99.2 to the Company’s current report onForm 8-K filed on June 18, 2009, and the Company’s other periodic filings withthe U.S Securities and Exchange Commission. The Company may change its plans, intentions, belief orexpectations at any time and without notice, based upon any change in theCompany’s assumptions or otherwise. Forward-looking statements containedherein include, but are not limited to, statements regarding the Company’splans to complete the offering of notes and the implementation of our intendeduse of the proceeds thereof.

While the Company believes that the assumptionsconcerning future events are reasonable, it cautions that there are inherentdifficulties in predicting certain important factors that could impact thefuture performance or results of its business. The Company cautions readers that anyforward-looking information is not a guarantee of future performance and thatactual results could differ materially from those contained in the forwardlooking information. Anyoffer of the notes will be made only by means of a private offeringmemorandum.Cautionary Note Regarding Forward-Looking Statements Information set forth in this press release contains forward-lookingstatements involving a number of risks and uncertainties, many of which areoutside the control of the Company. The notes have not been registered under the Securities Actand may not be offered or sold in the United States without registration or anapplicable exemption from the registration requirements.This press release does not constitute an offer to sell or the solicitation ofan offer to buy the notes or any other securities, nor will there be any saleof notes or any other securities in any state or jurisdiction in which suchoffer, solicitation or sale would be unlawful prior to registration orqualification under the securities laws of any such state or jurisdiction.