Exhibit 12
LEVI STRAUSS & CO. AND SUBSIDIARIES
Statements re: Computation of Ratio of Earnings to Fixed Charges
	Year Ended
	November 25, 2012			November 27, 2011			November 28, 2010			November 29, 2009			November 30, 2008
	(Dollars in thousands)
Earnings:
Income before income taxes	$	195,881		$	202,827		$	235,598		$	189,925		$	369,266
Add: Fixed charges	197,771			192,256			190,425			199,358			197,385
Add: Amortization of capitalized interest	571			334			152			309			264
Subtract: Capitalized interest	1,028			2,009			881			39			568
Total earnings	$	393,195		$	393,408		$	425,294		$	389,553		$	566,347
Fixed Charges:
Interest expense (includes amortization of debt discount and costs)	$	134,694		$	132,043		$	135,823		$	148,718		$	154,086
Capitalized interest	1,028			2,009			881			39			568
Interest factor in rental expense(1)	62,049			58,204			53,721			50,601			42,731
Total fixed charges	$	197,771		$	192,256		$	190,425		$	199,358		$	197,385
Ratio of earnings to fixed charges	2.0		x	2.0		x	2.2		x	2.0		x	2.9		x

______________

(1) Utilized an assumed interest factor of 33% in rental expense.