HYDE PARK, Mass. (BUSINESS WIRE) June 13, 2004

Maxwell Shoe Company Inc. (NASDAQ: MAXS) said today that it believes
Nike Free Run 3.0 Grey Light Blue Women Institutional Shareholder Services, Inc. (ISS) reached the wrong conclusions in its June 11, 2004 recommendation regarding Jones Apparel Group, Inc.’s (NYSE: JNY) consent solicitation. Maxwell Shoe Company reiterated its recommendation that stockholders disregard Jones’s gold consent cards and sign, date and
Nike Free Run 5.0 V4 2014 Green Vrouwen return Maxwell Shoe Company’s BLUE consent revocation
2014 Nike Free Run Gym Black Rose Vrouwen cards today.

Mark Cocozza, Maxwell Shoe Company’s Chairman and Chief Executive Officer, said, "The ISS report lost sight of the real issue creating value for Maxwell Shoe Company stockholders. We believe that Jones’s consent solicitation is simply
2012 Nike Free Run 3.0 V2 Wit Grijs Rood Vrouwen a tactic
Nike Free Run 5.0 V2 Rose Red Vrouwen to acquire Maxwell Shoe Company
Nike Free Run 3.0 V4 Grey Blue Vrouwen at the lowest possible
Nike Free Run 5.0 V4 2012 Zwart Blauw Vrouwen price. Accordingly, we believe
Nike Free Run 5.0 V3 2014 Paars Rood Vrouwen stockholder value is at risk
Mujeres Nike Free Run 3.0 V4 azul de Tiffany acolchado if ISS’s recommendation
Nike Free Run 5.0 Tr Light Blue White Women is followed.

"Maxwell Shoe Company’s Board
Nike Roshe Run Hazel Couleur Oxford Brown is comprised of a majority of independent directors, and their only commitment is to provide our stockholders with the value they deserve. Maxwell Shoe Company has a track record of delivering on its promises and we expect fiscal 2004 to be yet another record breaking year. We are focused on enhancing value for our
2014 Nike Free Run Gym Wit Rood Vrouwen stockholders
Free Run 3 Men Light Midnight Electric Green Pro Platinum and are taking all appropriate steps to realize this goal," continued Mr. Cocozza.

"In addition
Nike Free Run 3.0 V5 Ext Plum Rode Vrouwen to the continued execution of our business strategy, our
2013 Nike Free Run 5.0 Olympic White Yellow Mujeres representatives are currently in
Nike Free Run 5.0 V4 2012 Zwart Roze Vrouwen discussions with Jones’s representatives to explore whether Jones is prepared
Nike Free Run 4.0 V3 Gris Orange Femmes to increase its revised offer to a level that fully reflects the value of Maxwell Shoe
2012 Nike Free Run 2 Bleu Orange Hommes Company. If we are unable to reach agreement with Jones on price, we will continue enhancing stockholder value through all appropriate means,
Nike Free Run 4.0 2012 Blue Silver Vrouwen which could potentially include stock repurchases or an extraordinary dividend. If Jones’s nominees are elected,
Wmns Nike Free Run 3.0 V5 2014 Blue Vrouwen however, there is no assurance that Maxwell Shoe Company stockholders will receive full value for their investment."

"While we disagree with
Nike Free Run 5.0 V3 Grijs Paars Vrouwen ISS’s
2012 Nike Free Run 3.0 V2 Brown Green Men recommendation, the Company is pleased that ISS recognized that: ‘Maxwell continues to present a strong negotiating position and
Nike Free Run 3.0 V4 Paars Wit Vrouwen seems committed to maximizing the potential offer level.’ We urge stockholders to
2012 Nike Free Run 2 Dark Gris Orange Hommes reject Jones’s consent solicitation so that
Nike Free Run 3.0 2s Piel Lana Invierno Gris Hombres Amarillo the Board can continue with it efforts to enhance
Nike Free Run 4.0 V3 Red Black Men value," concluded Mr. Cocozza.

Maxwell Shoe Company stockholders who have questions or need assistance in
Nike Free Run 3.0 V3 2012 Black Women revoking their consents, may call Mackenzie Partners, Inc., the firm assisting
2012 Nike Free Run 3.0 Piel de café amarillas Mujeres Maxwell Shoe Company in the consent revocation, toll free at (800) 322 2885 or collect at (212) 929
Nike Free Run 5.0 V3 Donkergrijs Roze Vrouwen 5500. ("Maxwell Shoe Company") filed a Solicitation/Recommendation Statement
Nike Free Run 5.0 V4 2014 Black Men on Schedule 14D 9 (the "Schedule 14D 9") with the Securities and Exchange Commission ("SEC")
Wmns Nike Free Run 3.0 V5 2014 Green Vrouwen on March 29, 2004, regarding Jones Apparel Group Inc.’s and MSC Acquisition Corp.’s (together, "Jones") unsolicited tender offer for all the outstanding shares of Class A Common Stock of Maxwell
Nike Free Run 3.0 V5 Ext Helder Roze Vrouwen Shoe
Nike Free Run 5.0 Tr Black Pink White Women
Nike Roshe Run Olímpicos de Londres Anti-pieles Baja Azul Oscuro Hombres Company (the "Offer"). Maxwell Shoe Company stockholders should read the Schedule 14D 9 (including any amendments or supplements thereto) because these documents contain important
Nike Free Run 3.0 V4 Grijs Paars Vrouwen information relating to the Offer and the related consent solicitation.

On April 21, 2004, Jones filed a
Nike Free Run 5.0 Tr Pink White Women definitive
Nike Free Run 4.0 Sky Blue Vrouwen consent solicitation statement with the SEC relating to Jones’s proposed solicitation of consents of Maxwell Shoe Company stockholders to, among other things, remove all of Maxwell Shoe Company’s current directors and replace them with Jones’s nominees. In response, on
Nike Free Run 3.0 Blue Vrouwen April 23, 2004, Maxwell Shoe Company filed a definitive consent
Nike Free Run 4.0 V3 Anti-bont 2014 Black Red Vrouwen revocation statement on Form DEFC14A (the "Definitive Consent Revocation Statement") with the SEC to counter Jones’s consent solicitation. Maxwell
Nike Free Run 5.0 V3 2012 Rose Argent Femmes Shoe Company stockholders should read the Definitive Consent Revocation Statement (including any amendments or supplements thereto) because it contains additional information important to
Nike Free Run 5.0 V4 Pink White Women the stockholders’ interests in the Offer and the related consent solicitation.

About Maxwell Shoe Company

Maxwell Shoe Company Inc. designs, develops and markets casual and dress footwear for women and children. These statements are only predictions and may differ materially from actual future events or results. Such forward looking statements are subject to a number of risks,
Nike Roshe Run tejida Hombres Rojo Negro acolchado assumptions and
Nike Free Run 3.0 V4 Groen Grijs Vrouwen uncertainties that could cause Maxwell Shoe Company’s actual results
2014 Nike Free Run Gym Wit Paars Vrouwen to differ materially from
2012 Nike Free Run 3.0 V2 Red Grey Vrouwen those projected in such forward looking statements. Such risks, assumptions and uncertainties include, but are not limited to: changing consumer preference; inability to successfully design,
2012 Nike Free Run 5.0 V3 Black Silver Vrouwen develop or market its
Nike Free Run 3 footwear brands; the inability to successfully re introduce the Joan David brand into the market; competition from other footwear manufacturers or retailers; loss of key employees; general economic conditions and adverse factors impacting the retail footwear industry; the inability by Maxwell Shoe Company to source its products due to political or economic factors; potential disruption in supply
Nike Free Run 3.0 V2 2012 Wit Grijs Vrouwen chain or customer purchasing
Nike Free Run 5.0 Tr Zwart Blauw Vrouwen habits
Women Nike Free Run 2 Sail White Red Grey due to health concerns relating to severe acute respiratory syndrome or other related illnesses; and the imposition of trade or duty restrictions or work stoppages of transportation or other workers who
Nike Free Run 4.0 V4 2014 Grijs Vrouwen handle or manufacture Maxwell Shoe Company’s goods. Additional risks, assumptions and uncertainties associated with Jones’s pending tender offer include:
Nike Free Run 3.0 V4 Blauw Grijs Vrouwen the risk that Maxwell Shoe Company’s customers may delay or refrain from purchasing Maxwell Shoe Company products due to uncertainties about Maxwell Shoe Company’s future;
Nike Free Run 5.0 Wit Blauw Groen Vrouwen the risk that
2012 Nike Free Run 5.0 V3 Grijs Rood Vrouwen key employees may pursue other
Nike Free Run 4.0 V3 Groen Grijs Vrouwen employment opportunities due to
Nike Free Run 3 Oranje Zilver Vrouwen concerns
Nike Free Run 5.0 V3 2014 Plum Rode Vrouwen as to their employment security with Maxwell Shoe Company; the risk that stockholder litigation commenced in connection with Jones’s offer might result in significant costs of defense, indemnification and
Nike Free Run 5.0 V4 2012 Grey Pink Vrouwen liability; the risk
Nike Free Run 3.0 V2 2012 Vrouwen Wit Grijs that the Board of Directors’ analysis and the basis of their recommendation to the stockholders
Heren Nike Free Run 5.0+ Olive Black Volt ultimately may prove to be inaccurate; the risk that negotiations between Maxwell Shoe Company and Jones may
2012 Nike Free Run 3.0 Licht Grijs Groen Oranje Vrouwen not lead to an agreement or a transaction; and
Nike Free Run 4.0 2012 Blauw Groen Vrouwen other risks
Nike Free Run 3 discussed in documents filed by Maxwell Shoe Company with the SEC. All forward looking statements are qualified
2014 Nike Free Run Gym White Rosa Vrouwen by these cautionary statements and are made only as of the date they are made. Maxwell Shoe Company is
2012 Nike Free Run 3.0 V2 Noir Gris Hommes
2012 Nike Free Run 3 Pinke Silver Vrouwen under no obligation (and expressly disclaims any such obligation) to update or alter any forward
Nike Free Run 5.0 Tr Grijs Geel Oranje Vrouwen looking
Wmns Nike Free Run 4.0 V3 Black Fushia Vrouwen statements, whether as a
result of new information, future
Nike Free Run 5.0 V3 2014 Red Vrouwen events or otherwise.

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