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Levi Strauss & Co. Announces Pricing of Initial Public Offering


Levi Strauss & Co. (LS&Co.) today announced the pricing of the initial
public offering (IPO) of 36,666,667 shares of its Class A common stock
at a price to the public of $17.00 per share. The shares are expected to
begin trading on the New York Stock Exchange on March 21, 2019 under the
symbol "LEVI." The company is offering 9,460,557 shares of Class A
common stock and selling stockholders are offering 27,206,110 shares of
Class A common stock. In addition, the underwriters have a 30-day option
to buy up to an additional 5,500,000 shares of Class A common stock from
the company at the IPO price, less underwriting discounts and
commissions. The closing of the offering is expected to occur on March
25, 2019, subject to satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as
joint lead book-running managers for the offering. BofA Merrill Lynch,
Morgan Stanley & Co. LLC and Evercore Group L.L.C. are serving as
book-running managers. BNP Paribas Securities Corp., Citigroup,
Guggenheim Securities, LLC, HSBC Securities (USA) Inc., Drexel Hamilton,
LLC, Telsey Advisory Group, and The Williams Capital Group, L.P. are
serving as co-managers.

The offering is being made only by means of a prospectus. Copies of the
final prospectus relating to the offering, when available, may be
obtained from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200
West Street, New York, New York 10282, by email at,
or by telephone at (866) 471-2526; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, by email at,
or by telephone at (866) 803-9204; BofA Merrill Lynch, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn:
Prospectus Department, or by email at;
Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, New York 10014; or Evercore Group L.L.C.,
Attn: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York,
New York 10055, by email at,
or by telephone at (888) 474-0200.

A registration statement relating to these securities has been filed
with the U. S. Securities and Exchange Commission and was declared
effective on March 20, 2019. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.

Forward Looking Statements

This press release includes "forward looking information," including
with respect to the initial public offering. These statements are made
through the use of words or phrases such as "will" or "expect" and
similar words and expressions of the future. Forward-looking statements
involve known and unknown risks, uncertainties and assumptions,
including the risks outlined under "Risk Factors" in the preliminary
prospectus and elsewhere in the Company's filings with the SEC, which
may cause actual results to differ materially from any results expressed
or implied by any forward-looking statement. Although the Company
believes that the expectations reflected in its forward-looking
statements are reasonable, it cannot guarantee future results. The
Company has no obligation, and does not undertake any obligation, to
update or revise any forward-looking statement made in this press
release to reflect changes since the date of this press release, except
as required by law.

About Levi Strauss & Co.

Levi Strauss & Co. designs and markets jeans, casual wear and related
accessories for men, women and children under the Levi's®,
Dockers®, Signature by Levi Strauss & Co.™, and Denizen®
brands. Its products are sold in more than 110 countries worldwide
through a combination of chain retailers, department stores, online
sites, and a global footprint of approximately 3,000 brand-dedicated
retail stores and shop-in-shops.

Source: Levi Strauss & Co. Investor Relations

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