| Explanation of Responses: |
| (1) | The price in Column 4 is a weighted average price. The price actually received ranged from $133.4600 to $133.7700 per share. The reporting person's broker has provided to the issuer and the issuer will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The proceeds of the sale were applied to pay the exercise price, applicable taxes and commissions in connection with the exercise of the underlying options. |
| (2) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on March 19, 2014. The options vested in equal installments on March 19, 2015, 2016, 2017 and 2018. |
| (3) | Total grant 7,994 shares. 0 shares previously exercised. |
| (4) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 14, 2015. The options vested in equal installments on January 14, 2016, 2017, 2018 and 2019. |
| (5) | Total grant 17,000 shares. 4,250 shares previously exercised. |
| (6) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 20, 2016. The options were originally scheduled to vest in equal installments January 20, 2017, 2018, 2019 and 2020. 6,930 options that were initially scheduled to vest on January 20, 2020 were accelerated and vested on December 17, 2019. |
| (7) | Total grant 27,720 shares. 9,200 shares previously exercised. |
| (8) | Option granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 19, 2017. The options were originally scheduled to vest in equal installments on January 19, 2018, 2019, 2020 and 2021. 3,710 options that were initially scheduled to vest on January 19, 2020, and 3,710 options that were initially scheduled to vest on January 19, 2021, were accelerated and vested on December 17, 2019. |
| (9) | Total grant 14,840 shares. 0 shares previously exercised. |
| (10) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on March 16, 2017. The options were originally scheduled to vest in equal installments on March 16, 2018, 2019 and 2020. 10,132 options that were initially scheduled to vest on March 16, 2020 were accelerated and vested on December 17, 2019. |
| (11) | Total grant 30,396 shares. 0 shares previously exercised. |
| (12) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2018. The options were originally scheduled to vest in equal installments on January 17, 2019, 2020, 2021 and 2022. 2,701 options that were intially scheduled to vest on January 17, 2020, and 2,701 options that were initially scheduled to vest on January 17, 2021, were accelerated and vested on December 17, 2019. The remaining 2,701 options subject to this grant are scheduled to vest on the original vesting date of January 17, 2022. |
| (13) | Total grant 10,804 shares. 0 shares previously exercised. |
| (14) | Options granted pursuant to the Tiffany & Co. 2014 Employee Incentive Plan, which complies with Rule 16b-3, on January 17, 2019. The options were originally scheduled to vest in equal installments on January 17, 2020, 2021, 2022 and 2023. 3,449 options that were initially scheduled to vest on January 17, 2020, and 3,449 options that were initially scheduled to vest on January 17, 2021, were accelerated and vested on December 17, 2019. The remaining 6,898 options subject to this grant are scheduled to vest in equal installments on the original vesting dates of January 17, 2022 and 2023. |
| (15) | Total grant 13,796 shares. 0 shares previously exercised. |