Trading Statement

Burberry Group PLC
15 April 2003


                                  Burberry Group plc

                              Second Half Trading Update


April 15, 2003.  Burberry Group plc reports on trading for the six months ended
31 March 2003.


Highlights

*      Total revenues increased by 22%, 15% underlying*
*      Retail sales rose 30% on an underlying basis driven by new and existing 
       stores
*      Wholesale sales increased by 6% on an underlying basis
*      Licensing revenue increased by 9% on an underlying basis

*Underlying figures are calculated at constant exchange rates and exclude the
impact of the Asia acquisitions.  Burberry acquired the operations of its
primary distributors in Asia outside of Japan in January 2002 and July 2002 (the
'Asia acquisitions').

Commenting on the trading results, Rose Marie Bravo, Chief Executive, stated, 
'We are pleased to report that as a result of Burberry's strong trading
performance in the second half, the company has more than achieved the 2002/03
revenue objective set at the time of the IPO.  These results were driven by
growth in key product categories, targeted regions and selected distribution
channels.   Moving into the new financial year, we remain confident in our
strategies while approaching the volatile and uncertain trading environment with
appropriate caution.'

Total revenues
Total revenues in the period increased by 22% (24% at constant exchange rates),
or 15% on an underlying* basis (i.e. at constant exchange rates and excluding
the impact of the Asia acquisitions) compared to the six months ended 31 March
2002.

Retail
On an underlying basis, retail sales in the second half increased by 30%, driven
by contributions from newly opened stores and sales gains at existing stores.
Total retail sales increased 55%, boosted by the contribution from stores and
concessions added as part of the Asia acquisitions.

In the fourth quarter retail sales increased by 28% on an underlying basis and
46% in total.  During March, geopolitical and health-related factors
increasingly affected performance as the month progressed, particularly in the
UK and Hong Kong markets.

Following the seven store openings during the second half, in the current
financial year Burberry plans to add approximately eight stores and two
concessions, increasing net retail selling area by approximately 10%.

Wholesale
Total wholesale sales increased by 6% on an underlying basis, 4% reported,
during the second half.  This growth was tempered by the acceleration of
deliveries into the first half compared to the prior year, as previously
discussed.  Over the full Spring/Summer 2003 season, Burberry continues to
expect high single digit wholesale volume growth.

Licensing
Total licensing revenues in the second half increased by 9% on an underlying
basis, 4% reported.  As anticipated, this gain primarily reflects modest volume
gains and increases in certain royalty rates in Japan.  Strong sales increases
by global product licensees also contributed to this gain.

Burberry will announce its preliminary results for the year ended 31 March 2003
on 22 May 2003.

Enquiries:

Burberry
 Mike Metcalf                   COO and CFO                        020 7968 0411
 Matt McEvoy                    Strategy and IR                    020 7968 0411

Brunswick
 Susan Gilchrist                                                   020 7404 5959
 Charlotte Elston                                                  020 7404 5959

*Underlying figures are calculated at constant exchange rates and exclude the
impact of the Asia acquisitions.  Burberry acquired the operations of its
primary distributors in Asia outside of Japan in January 2002 and July 2002 (the
'Asia acquisitions').

Certain statements made in this Trading Update are forward looking statements.
Such statements are based on current expectations and are subject to a number of
risks and uncertainties that could cause actual results to differ materially
from any expected future results in forward looking statements.

This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any Burberry Group plc or GUS plc shares.
Past performance is not a guide to future performance and persons needing advice
should consult an independent financial adviser.


                      This information is provided by RNS
            The company news service from the London Stock Exchange