1st Quarter Trading Update

Burberry Group PLC
24 July 2002

24th July 2002

                               Burberry Group plc

                          First Quarter Trading Update

% change in sales year on year for the three months to 30 June 2002
                                                                            %

Total                                                                      12
Total at constant exchange rates                                           13

Burberry Group plc ('Burberry'), which listed on the London Stock Exchange on 18
July 2002, intends to issue trading updates on a quarterly basis.  Today the
Company issues an update on trading for the three months to 30 June 2002.

Total sales at Burberry in the first quarter increased by 12% and by 5% on an
underlying basis (at constant exchange rates and excluding the impact of the
Asia acquisition in January 2002).

Total Retail sales increased by 20% with double digit growth achieved on an
underlying basis, reflecting the benefit of new store openings and sales growth
at existing stores.

As previously announced, Burberry anticipates that its Wholesale sales for the
Autumn/Winter 2002 season, the large majority of which are scheduled to be
shipped in the second quarter, will be broadly unchanged compared to the prior
year.  In the first quarter, wholesale sales were up by 4% but were slightly
down on an underlying basis due to the timing of shipments between quarters.

Total licence revenue increased by 13%, reflecting continued strong growth in
Japanese royalties.  Over the balance of the year, licence revenue will be
increasingly impacted by last year's depreciation of the Yen/Sterling exchange
rate as well as by the termination or absorption into Wholesale operations of
certain product licences.

Enquiries:

Mike Metcalf, COO and CFO                             020 7968 0000
Matt McEvoy, IR                                       020 7968 0481

James Murgatroyd, Finsbury                            020 7251 3801

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