Signet Jewelers Expands Digital Expertise through Appointment of Brian A. Tilzer to Board of Directors

HAMILTON, Bermuda–(BUSINESS WIRE)–Signet Jewelers Limited (NYSE:SIG), the world’s largest retailer of
diamond jewelry, today announced that the Signet Board of Directors has
voted to expand the board to 12 members and has appointed Brian A.
Tilzer to fill the newly created board position effective immediately.
Mr. Tilzer currently serves as Chief Digital Officer at CVS Health and
has more than 20 years of experience in strategic business development,
operations and information technology, with a deep concentration in
corporate and ecommerce strategy. Prior to joining CVS Health, Mr.
Tilzer was the Senior Vice President of Global e-Commerce with Staples,
where he developed and led several multi-channel digital innovation
strategies.

“Brian brings to Signet deep, innovative digital and e-commerce
experiences at major retailers,” said Chairman H. Todd Stitzer. “There
is a valuable connection between Brian’s very specific experience and
the strong growth opportunities ahead for Signet. Brian is a successful
innovator in the digital space and we believe his knowledge and insight
will make Brian a valuable addition to the Signet Board of Directors.”

In his role as Senior Vice President and Chief Digital Officer for CVS
Health, Mr. Tilzer is responsible for developing and leading the teams
driving CVS Health’s companywide digital innovation efforts. He is also
focused on connecting current and future digital initiatives and
ensuring that CVS Health continues to use the most innovative technology
available to seamlessly meet customers’ needs.

Mr. Tilzer holds a BA from Tufts University, an MBA from The Wharton
School, and is a member of the Mass Technology Leadership Council
(MassTLC), a leading technology association and the premier network for
tech executives, entrepreneurs, investors and policy leaders.

About Signet and Safe Harbor Statement:

Signet Jewelers Limited is the world’s largest retailer of diamond
jewelry. Signet operates approximately 3,600 stores primarily under the
name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry,
H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. Further information
on Signet is available at www.signetjewelers.com.
See also www.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com
and www.pagoda.com.

This release contains statements which are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements, based upon management’s beliefs and expectations
as well as on assumptions made by and data currently available to
management, appear in a number of places throughout this document and
include statements regarding, among other things, Signet’s results of
operation, financial condition, liquidity, prospects, growth, strategies
and the industry in which Signet operates. The use of the words
“expects,” “intends,” “anticipates,” “estimates,” “predicts,”
“believes,” “should,” “potential,” “may,” “forecast,” “objective,”
“plan,” or “target,” and other similar expressions are intended to
identify forward-looking statements. These forward-looking statements
are not guarantees of future performance and are subject to a number of
risks and uncertainties, including but not limited to general economic
conditions, to general economic conditions, regulatory changes following
the United Kingdom’s announcement to exit from the European Union, a
decline in consumer spending, the merchandising, pricing and inventory
policies followed by Signet, the reputation of Signet and its brands,
the level of competition in the jewelry sector, the cost and
availability of diamonds, gold and other precious metals, regulations
relating to customer credit, seasonality of Signet’s business, financial
market risks, deterioration in customers’ financial condition, exchange
rate fluctuations, changes in Signet’s credit rating, changes in
consumer attitudes regarding jewelry, management of social, ethical and
environmental risks, security breaches and other disruptions to Signet’s
information technology infrastructure and databases, inadequacy in and
disruptions to internal controls and systems, changes in assumptions
used in making accounting estimates relating to items such as extended
service plans and pensions, risks related to Signet being a Bermuda
corporation, the impact of the acquisition of Zale Corporation on
relationships, including with employees, suppliers, customers and
competitors, and our ability to successfully integrate Zale
Corporation’s operations and to realize synergies from the transaction.

For a discussion of these risks and other risks and uncertainties which
could cause actual results to differ materially from those expressed in
any forward looking statement, see the “Risk Factors” section of
Signet’s Fiscal 2016 Annual Report on Form 10-K filed with the SEC on
March 24, 2016 and Part II, Item 1A of Form 10-Q filed November 29,
2016. Signet undertakes no obligation to update or revise any
forward-looking statements to reflect subsequent events or
circumstances, except as required by law.

Contacts

Signet Jewelers
Investors:
James Grant, +1-330-668-5412
VP
Investor Relations
or
Media:
David Bouffard,
+1-330-668-5369
VP Corporate Affairs