The Timberland Company announced the appointment of Irene M. Esteves to the Company’s board of directors, effective June 23, 2003. Ms. Esteves is Senior Managing Director and Chief Financial Officer for Putnam Investments in Boston, Massachusetts.

“I am delighted to welcome such a seasoned senior financial professional and strategist to our board,” said Jeffrey Swartz, President and Chief Executive Officer, The Timberland Company. “Irene has a proven record of accomplishments and will be a great asset to the board as they guide us in our quest to create greater value for our stakeholders and community.”

Before joining Putnam Investments in 1997, Ms. Esteves was Vice President, Corporate Strategy and International Finance for Miller Brewing Company, Inc. in Milwaukee, Wisconsin. Prior to Miller Brewing Company, she held a variety of positions at S. C. Johnson & Son, Inc., in Racine, Wisconsin.

“I am enthusiastic about joining Timberland’s board and look forward to using my financial and business development experience to help create additional value for all of Timberland’s stakeholders,” comments Esteves.

Esteves received her Bachelor of Business Administration degree from The University of Michigan and her Master of Management degree from the Kellogg School of Northwestern University. In addition to her election to Timberland’s board of directors, she has served on the board of directors for JohnsonDiversey, Inc. in Racine, Wisconsin and Mrs. Baird’s Bakeries, Inc. of Fort Worth, Texas. She is also a member of the Financial Executives Institute.