Investment Talks

Mulberry Group PLC
9 June 2000


MULBERRY GROUP PLC (THE 'GROUP')

Mulberry announced today that they are in talks with Club
21,  an international organisation specialising in luxury
goods  and  fashion,  with  a  view  to  their  making  a
significant investment in the Group.  Club 21,  owned  by
B.S. Ong and Christina Ong, works with a large number  of
luxury  brands in Singapore and the Far East.  They  also
have substantial retail interests in the USA and the UK.

Roger  Saul,  Chairman  and Chief Executive  of  Mulberry
commented:  'We have had a remarkable turnaround  in  our
trading  position in the last 6 months and  will  show  a
small  profit  in the second half of the  financial  year
ended 31 March 2000.'

Mulberry's UK retail trading performance has run  counter
to  the  overall trend in the high street with an 11  per
cent.  like  for like increase in sales in the  first  16
weeks of the current Spring/Summer season.  This reflects
the  group's  concentration on  its  core  leather  goods
business  and the growing influence of English design  in
the global fashion market.

Roger   Saul   said:  'Our  prospective   partners   have
considerable  international and transatlantic  experience
in  our  field.  Expansion in the United States  and  Far
Eastern markets is a major priority for us.'


For further information:

David Wynne-Morgan
WMC Communications                  Tel: [phone]