Blyth Announces Preliminary Results of Dutch Auction Tender Offer

Blyth, Inc., Greenwich, CT, announced the preliminary results of its Dutch auction self-tender offer, which expired on Friday. The depositary for the tender offer, approximately 7 million shares of common stock, including approximately 466,000 shares that were tendered through notice of guaranteed delivery and more than 2 million shares that were tendered conditionally, were properly tendered, according to preliminary count by EquiServe Trust Company, NA.

Due to over-subscription, Blyth expects to exercise its right to purchase up to an additional 2% of its outstanding shares. As of July 9, 2004, Blyth had 45,738,477 shares of common stock issued and outstanding. As a result of the completion of the tender offer, Blyth expects to have approximately 40,838,477 shares of common stock issued and outstanding.