Timberland Signs Licensing Agreement with Endura SA; Swatch Group Watchmaker to Develop Branded Collection for US Footwear and Apparel Maker.

STRATHAM, N.H. -- The Timberland Company, a world leader in premium footwear, apparel and gear for the outdoors announced today that is has signed a major new licensing agreement with Endura SA, the private label and licensing company of the Swatch Group Ltd. Under today's agreement, Endura SA will be tasked with the development of a new collection inspired by the outdoors and representative of Timberland's values. The collection, which will be marketed under the Timberland(R) brand, was unveiled at the Baselworld Watch and Jewelry Show in March, 2006, and will include premium offerings for both men and women across casual and performance categories. The collection will begin to hit the Global market in May 2006.

Speaking on behalf of Endura SA, Beatrice Howald, Spokesperson, said the company had seen a marked increase in interest from highly visible consumer brands wishing to extend the range of their products to include watches, and commented: "We are delighted with today's agreement between Endura and Timberland. The Timberland Company's strong values and the strength and versatility of the brand are well known, and we look forward to combining our expertise in innovative watch design with Timberland's brand heritage to deliver a watch collection that will resonate worldwide."

Patrick Baboin, Timberland's Vice President of Licensing, noted that the Swatch Group is recognized as a global leader in design, innovation and marketing, and continued: "The Group also has a reputation for a unique ability to design product that is relevant across a range of consumer groups. We've been impressed from the start with their leadership in design and manufacturing, as well as their marketing savvy and widescale distribution network. They have shown a strong connection to the Timberland(R) brand values, and we're very pleased to have them as a partner."

The Swatch Group Ltd is the largest manufacturer and distributor of watches and jewelry in the world. It is a synonym for emotional and luxury products of high quality and has its own worldwide network of distribution organizations. The Group is an expert in the manufacture of finished watches, movements and components. Its watch brands are Breguet, Blancpain, Glashutte-Original, Jaquet-Droz, Leon Hatot, Omega in the luxury and prestige segment; Rado, Longines, Union in the high end range; Tissot, Calvin Klein, Certina, Mido, Hamilton, Pierre Balmain in the middle range; Swatch, Flik Flak in the basic segment, and Endura. Endura SA is the Swatch Group's private label company. The company offers clients a full range of services, from design consultancy through production to distribution and after-sales support. The company works closely with its clients to develop watches that express customer brand identities and values in state-of-the-art products. www.endura.ch

Timberland (NYSE: TBL) is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. Timberland(R) products are sold worldwide through leading department and specialty stores as well as Timberland(R) retail stores. Timberland's dedication to making quality products is matched by the company's commitment to "doing well and doing good" -- forging powerful partnerships among employees, consumers and service partners to transform the communities in which they live and work. To learn more about Timberland, please visit www.timberland.com