Issue of Equity

Mulberry Group PLC
20 April 2005



MULBERRY GROUP PLC (the 'Company')


20 April 2005


Issue of equity


The Company has applied for 28,469 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 shares will rank pari passu with the existing ordinary shares of the
Company and dealings are expected to commence on 26 April 2005. The issued share
capital of the Company following this announcement is 48,817,524 ordinary shares
of 5p each.

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