The Talbots, Inc. (NYSE:TLB) today announced that its Board of Directors has approved an increase in its quarterly cash dividend to $0.14 per share, from $0.12 per share, payable on or before June 19, 2000 to shareholders of record as of June 5, 2000. Talbots is a leading national specialty retailer and cataloger of women's classic apparel, shoes and accessories. The Company operates 681 stores - 406 Talbots Misses stores, including 19 Talbots Misses stores in Canada and six Talbots Misses stores in the United Kingdom; 159 Talbots Petites stores, including one Talbots Petites store in Canada; 35 Talbots Accessories & Shoes stores; 54 Talbots Kids stores; seven Talbots Woman stores; and 20 Talbots Outlet stores. Its catalog operation circulated approximately 57 million catalogs worldwide in fiscal 1999. Talbots on-line shopping site is located at