Lakeland Industries Pays a 10% Stock Dividend in Stock.

Business Editors

RONKONKOMA, N.Y.--(BUSINESS WIRE)--June 24, 2003

On April 28, 2003, Lakeland Industries, Inc. announced that it would split its common stock on a One-For-Ten basis in the form of a stock dividend. The measure is expected to further broaden Lakeland's shareholder base by making the stock more affordable for individual investors who prefer purchasing stock in round lots and this dividend will further increase the number of shares issued and outstanding, which management believes will aid in increased liquidity and trading volume. The Record Date for this previously announced stock dividend will be July 31, 2003. The payable date for dividend will be August 31, 2003. Therefore, the Ex-Dividend date should be set by NASDAQ on July 29, 2003; on a 1 for 10 dividend in stock under its less than 25% of the security value rules; here 10%. Any fractional shares will be half adjusted.

To illustrate, if the closing price of Lakeland's stock is $10 per share on August 31,2003, the opening price on September 1, 2003 will be approximately $9.00. While the split will increase the number of shares owned by 10%, the price per share will be reduced by approximately 10%, immediately after the split. Of course, market factors will influence the price before and after the split.

Additionally, Michael E. Cirenza was elected as a Director to Lakeland's Board at its annual meeting held June 18, 2003 to a term expiring in June 2005. Mr. Cirenza was an Audit Partner with the international accounting firm of Grant Thornton LLP from August 1993 to January 2000 and an Audit Manager with Grant Thornton LLP from May 1989 to August 2000. Mr. Cirenza was employed by the international accounting firm of Price Waterhouse from July 1980 to May 1989. Mr. Cirenza is a Certified Public Accountant in the State of New York and a member of the American Institute of Certified Public Accountants and the New York Society of Certified public Accountants. Mr. Cirenza is currently the Executive Vice President and CFO of Corsac Industries, Inc. Messrs. Eric O. Hallman and John J. Collins, Jr. incumbent directors were also re-elected for terms to expire in June 2006. He will join Lakeland's audit committee, now comprised of four independent directors. Lakeland's total Board membership is comprised of six directors.

The Company's sales continued strongly upward for the recent month of May, despite a May 12,03 price increase on the majority of its product lines.

TRANSFER AGENT

For questions pertaining to the stock split, dividends, etc.,

Please contact Investors Relations at the

Registrar and Transfer Company

10 Commerce Drive, Cranford, NJ 07016

1-800-368-5949