Company Overview of Harry Winston, Inc.

Harry Winston Diamond Corporation announced that the company's subsidiary, Harry Winston, Inc. has completed the syndication of its existing senior secured revolving credit facility by adding an additional $40 million to its recently completed $260 million secured five year credit agreement. The amended facility of $300 million has no scheduled repayments required prior to the maturity date, which remains August 30, 2017. There were no changes to the existing credit agreement covenants, interest rates, borrowing base or maturity date.

Harry Winston Diamond Corporation announced that the company's luxury brand subsidiary, Harry Winston, Inc. has completed the refinancing of its senior secured revolving credit facility by entering into a new secured five year credit agreement for $260.0 million with a consortium of banks led by Standard Chartered Bank. The new facility has a maturity date of August 30, 2017. There are no scheduled repayments required prior to maturity. The new facility refinances and replaces the luxury brand's previous $250.0 million credit facility, which had been scheduled to expire on March 31, 2013. As with the previous agreement, Harry Winston Diamond Corporation has provided a $20.0 million limited guarantee in respect of the new facility. The facility is available to the luxury brand segment for general corporate purposes.