Trading Statement

Mulberry Group PLC
20 January 2005

MULBERRY GROUP PLC ('Mulberry' or the 'Group')



TRADING UPDATE



20 JANUARY 2005



Underlying trends continue to be positive and the results for the full year to
31 March 2005 are likely to exceed current market expectations.



The Spring 2005 order book for accessories continues to out perform
expectations. Orders from the new markets of the USA and Asia are ahead of plan
and will exceed £1 million, most of which will be shipped before 31 March 2005.
Following the successful launch this winter in Bergdorf Goodman and Barneys New
York, Neiman Marcus has taken Mulberry handbags regionally across the USA into
13 stores for Spring 2005 and plan to expand to 20 in Autumn 2005. Our
distributor in Asia, Club 21, opened a first shop in Hong Kong at the end of
October 2004. This shop has made a strong start leading to increased orders and
they plan to open shops in Bangkok and Kuala Lumpur in the first half of 2005.



Sales in Mulberry's own stores continue to grow strongly. Like for like sales in
the full price UK shops were up 14% for the 14 weeks to 1 January 2005 and up
15% for the five weeks of the Christmas period to 1 January 2005, continuing the
trend disclosed in the interim results announcement.



GODFREY DAVIS, CHAIRMAN AND CHIEF EXECUTIVE COMMENTED: 'Our customers have
responded well to our strategy of investing in design to develop great products.
Orders for our core leather goods and, in particular, women's handbags have
continued to grow strongly. Our own shops have experienced sustained sales
growth and a strong Christmas.'



ENQUIRIES:

For further information, please contact:
WMC Communications
David Wynne-Morgan / Charlie Geller - 020 7591 3999




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