Issue of Equity

Mulberry Group PLC
23 May 2006


MULBERRY GROUP PLC (the 'Company')

23 May 2006

ISSUE OF EQUITY

The Company has applied for 1,475 ordinary shares of 5p each in the Company,
which were issued pursuant to the exercise of share options, to be admitted to
trading on the Alternative Investment Market of the London Stock Exchange.

These ordinary shares represent options which employees have decided to exercise
at the option price of £1.345 pence

The Directors of the company have approved the allotment of the shares.

These shares will rank pari passu with the existing ordinary shares of the
Company and dealings are expected to commence on Tuesday 30 May 2006. The issued
share capital of the Company following this announcement is 48,954,505 ordinary
shares of 5p each.


Enquiries:

Teather & Greenwood                       Tel: [phone]
Fred Walsh

END.


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