Fossil Appoints New Director to Board

Fossil Inc. appointed Elaine Agather, chairman and chief executive officer of Chase - Dallas, to its Board of Directors, effective February 12, 2007. She also has served as South region head and managing director of JPMorgan Private Bank since 2001. From 1992 until 1999, she served as chairman of Texas Commerce Bank in Fort Worth, Texas. Agather began her banking career at Chemical Bank of New York in 1979, working in London, San Francisco and New York before relocating to Dallas in 1984. With the appointment, the size of the company's Board of Directors is 10 members, including six independent directors and four members of senior management.