NEW YORK, Aug. 4, 2003 — Nautica Enterprises, Inc. (Nasdaq: NAUT)
today announced that a special meeting of its stockholders will be held
on Wednesday, August 27, 2003 at 10:00 a.m. at the offices of Nautica
Enterprises, Inc. at 40 West 57th Street, New York, New York to vote on
a proposal to approve and adopt the agreement and plan of merger
pursuant to which VF Corporation has agreed to acquire Nautica
Enterprises, Inc. Stockholders of record at the close of business on
August 4, 2003 are entitled to receive notice of and to vote at the
special meeting. The proxy statement relating to the special meeting is
expected to be mailed to stockholders on or about August 5, 2003.
Nautica Enterprises, Inc. (Nasdaq: NAUT), through its subsidiaries,
designs, sources, markets and distributes apparel under the following
brands: Nautica; Nautica Competition; Nautica Jeans Company; Earl Jean;
John Varvatos; E. Magrath; and Byron Nelson. For more information about
the Company, please visit the corporate website at www.nautica.com.