LMBT Lambert Hwth.

    Lambert Howarth Group p.l.c. ("Lambert Howarth" or "the Company")       

Trading Update

The Company announces that, due to poor current and anticipated trading
conditions in the retail market, profits for the current financial year, on a
UK GAAP basis, are expected to be materially below market expectations.

The Group retains a robust financial position and the Directors are actively
pursuing ways of maximising shareholder value. The Board has continued to be
disappointed by the lack of value creating acquisition opportunities and is
considering returning excess capital by way of a share buy back. If
implemented, the share buy back is likely to be effected by way of a tender
offer in respect of around 20 per cent. of the Company's existing issued share
capital. In addition, the Directors expect to announce a maintained interim
dividend in respect of the period ended 30 June 2005.

Further details will be contained in the Group's interim results which are
expected to be announced on 6 September 2005.

1 September 2005



END

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