MUL Mulberry Group Plc

RNS Number:2863E
Mulberry Group PLC
26 November 2002


26 NOVEMBER 2002
FOR IMMEDIATE RELEASE


               MULBERRY GROUP PLC ("Mulberry" or the "Company")

Mulberry announces that Roger Saul, the founder of Mulberry, has accepted the
position of President of Mulberry. He will become a non-executive director.

Roger Saul started Mulberry 32 years ago as both designer and entrepreneur.
Since then it has grown from the #500 capital he put in to the luxury brand it
is today.  As part of his plan to build the right management structure for the
future he recently divided his role of CEO and Chairman and the search for the
new CEO has commenced.  After carefully considering the requisition of the EGM
called by Challice, Roger Saul has decided under the current circumstances that
it is in the best interests of the company that he step down from an executive
role.

Godfrey Davis, the current Deputy Chairman and Chief Operating Officer of
Mulberry will become Chairman and Chief Executive.

The requisition served on the Company by Challice Limited to remove Roger Saul
as a director has been withdrawn.

Godfrey Davis commented, "I am glad that the problem between Challice and
Mulberry has been resolved.  Roger has done an outstanding job of building
Mulberry from scratch and developing the management team.  I am delighted that
we will continue to benefit from his input on the Board."

A spokesman for Challice commented,  "We are very pleased that this has been
resolved.  We do not seek control of Mulberry and the restructured management
team has our full support".

             
END


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