Enesco Group, Inc. Board Increases Stock Repurchase Program by One Million Shares.

ITASCA, Ill.--(BUSINESS WIRE)--June 3, 1999--

Enesco Group, Inc. (NYSE: ENC) announced that its Board of Directors authorized the repurchase of one million additional shares of the Company's outstanding stock, bringing the total number of shares under this program to 3.5 million.

John F. Cauley, chairman of Enesco's Board of Directors, said that year to date Enesco has repurchased nearly two million shares of its outstanding stock. Currently, the Company has approximately 14 million shares of common stock outstanding. Repurchased shares will be used for general corporate purposes and employee benefit plans.

"As previously stated, we believe the Company is significantly undervalued given the Company's earnings, cash flow and debt capacity," Cauley said. "Combined with the current stock price, purchases of the Company's stock, in the Board's view, remain one of its best available investments."

Cauley added that the Company will purchase shares from time to time in the open market or in private transactions, depending on market and business conditions.

Enesco Group, Inc. is a global marketer of quality branded gifts and collectibles. The Company's product lines include the Precious Moments, Cherished Teddies, Kim Anderson's Pretty As A Picture and Mary Engelbreit brands, among others.