Market Overview

Signet Announces Chief Financial Officer Transition


Chief Financial Officer Michele Santana to leave in 2019 following
appointment of a successor and an orderly transition period

Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest
retailer of diamond jewelry, today announced that Chief Financial
Officer Michele Santana will leave the company in 2019 after eight years
of service to pursue other opportunities.

Signet has initiated an external executive search and expects to appoint
a new CFO by the end of the company's fiscal year. Santana will continue
as CFO until her successor is appointed and will remain with Signet in
an advisory role until next year to ensure a smooth transition.

"Since 2010, Michele has been a highly valued member of our Senior
Leadership Team and has played a central role in many of our major
strategic initiatives that lay the foundation of our future success,"
said Virginia C. Drosos, Chief Executive Officer. "As Signet advances on
its path to becoming a share-gaining, omni-channel jewelry category
leader, we're very grateful to Michele for her financial leadership and
her many contributions, and look forward to continuing to benefit from
her financial acumen and deep institutional knowledge through the
transition period."

Santana joined Signet as Senior Vice President and Financial Controller
in 2010 and was appointed CFO in 2014 where she was responsible for
Signet's financial strategy and planning, including tax, treasury,
accounting, financial services, investor relations, and internal audit.
She oversaw the acquisitions of Ultra Stores, Inc., Zale Corporation and
R2Net, and most recently executed Signet's strategic priority of
outsourcing credit financing, allowing the company to focus on its core
retail business. In addition, she led the development of the financial
foundation, including the three-year cost optimization program, for
Signet's Path to Brilliance transformation plan.

"I am proud to have been part of Signet and am particularly gratified
that, alongside my talented colleagues, we have positioned the business
for success through on-going execution of Signet's transformation plan,"
said Santana. "I see this as the right time for me to move on to new
challenges, and I look forward to facilitating a smooth transition. I am
confident that Signet is well positioned to reach exciting new heights."

About Signet and Safe Harbor Statement: Signet Jewelers Limited
is the world's largest retailer of diamond jewelry. Signet operates
nearly 3,500 stores primarily under the name brands of Kay Jewelers,
Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples,
Piercing Pagoda, and Further information on Signet is
available at
See also,,,,,,,
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, our ability to
implement Signet's transformation initiative, the effect of federal tax
reform and adjustments relating to such impact on the completion of our
quarterly and year-end financial statements, changes in interpretation
or assumptions, and/or updated regulatory guidance regarding the U.S.
tax reform, the benefits and outsourcing of the credit portfolio sale
including technology disruptions, future financial results and operating
results, the impact of weather-related incidents on Signet's business,
the benefits and integration of R2Net, general economic conditions,
potential regulatory changes or other developments following the United
Kingdom's announced intention to negotiate a formal 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 banners, 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, the development and maintenance
of Signet's omni-channel retailing, 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, an adverse decision in
legal or regulatory proceedings, deterioration in the performance of
individual businesses or of the Company's market value relative to its
book value, resulting in impairments of fixed assets or intangible
assets or other adverse financial consequences, including tax
consequences related thereto, especially in view of the Company's recent
market valuation and our ability to successfully integrate Zale
Corporation's operations and to realize synergies from the transaction.

For a discussion of these 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 2018 Annual Report on Form 10-K filed with the SEC on April 2,
2018 and quarterly reports on Form 10-Q filed with the SEC. Signet
undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events or circumstances, except as
required by law.

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