Iconix International Inc., formerly known as Iconix Brand Group, Inc. (Iconix) announced that it has commenced a cash tender offer (the Tender Offer) for no less than a minimum aggregate principal amount of $25 million (the Minimum Amount), and up to a maximum aggregate principal amount of $75 million (the Maximum Amount) of (i) the outstanding Series 2012-1 4.229% Senior Secured Notes, Class A-2 (the 2012-1 Notes) issued by Icon Brand Holdings LLC, Icon DE Intermediate Holdings LLC, Icon DE Holdings LLC, and Icon NY Holdings LLC (collectively, the Co-Issuers) and (ii) the outstanding Series 2013-1 4.352% Senior Secured Notes, Class A-2 (the "2013-1 Notes" and, together with the 2012-1 Notes, collectively, the "Class A-2 Notes") issued by the Co-Issuers, in each case from holders thereof (each, a "Holder" and collectively, the "Holders"). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated March 2, 2023 (the "Offer to Purchase"). The Tender Offer will expire at 5:00 p.m., New York City time, on March 30, 2023, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as they may be extended, the "Expiration Time").

Holders of the Class A-2 Notes may withdraw their validly tendered Class A-2 Notes as described below. Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Tender Offer. The $210,281,962 outstanding amount of the Series 2012-1 Notes reflects that the original principal amount of $600,000,000 has been partially repaid, resulting in a current scaling factor of 35.05% (rounded to nearest hundredth) (the "Series 2012-1 Note Scaling Factor"), and the $101,833,544 outstanding amount of the Series 2013-1 Notes reflects that the original principal amount of $275,000,000 has been partially repaid, resulting in a current scaling factor of 37.03% (rounded to nearest hundredth) (the "Series 2013-1 Note Scaling Factor" and, together with the Series 2012-1 Note Scaling Factor, the "Class A-2 Notes Scaling Factors"), in each case as of the date of this Offer to Purchase.

The consideration (the "Class A-2 Notes Consideration") offered per $1,000 original principal amount of Class A-2 Notes validly tendered and accepted for purchase pursuant to the Offer will be $250.00 per $1,000.00 original principal amount of Class A-2 Notes multiplied by the applicable Class A-2 Notes Scaling Factor.