Designs, Inc (NASDAQ/NMS: DESI), operator of Levi's and Dockers Outlet By Designs stores, today announced the filing of a supplement to its Offer to Purchase dated November 14, 2000.

The supplement discusses the previously announced increase of the minimum price offered in the company's pending Dutch Auction tender offer from $2.20 to $2.50, the extension of the expiration date for its offer to 5:00 pm, EST, on Friday, December 22, 2000, and the clarification or elimination of certain conditions to the tender offer.

Designs, Inc was advised by Equiserve Trust Company, that, as of December 15, 2000, a total of 3,472,996 shares were tendered in the offer. This includes 50,250 shares, tendered through notices of guaranteed delivery which have not yet been received by the depositary.

Under the terms of the offer, the company will select the lowest single per-share purchase price that will allow it to buy 1,500,000 shares of its common stock validly tendered and not withdrawn prior to the expiration date at prices between $2.50 and $3.00 per share, in ten cent ($0.10) increments. Under applicable SEC regulations, up to an additional 315,639 shares, or two per cent of the outstanding shares, may be purchased without further amending or extending the offer.

About Designs Inc
Designs, Inc operates 107 Levi's Outlet by Designs and Dockers Outlet by Designs stores. These stores are located in outlet parks and malls throughout the eastern United States and Puerto Rico.