NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  DANIER LEATHER INC.

TSX SYMBOL:  DL.SV

OCTOBER 19, 2004 - 15:59 ET

Danier Leather Inc. Board Declares Quarterly Dividend 
of 6 Cents Per Share

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2004) - Danier Leather Inc. 
(TSX:DL.SV) announced today that its Board of Directors has declared a 
quarterly cash dividend of 6 cents per share on the outstanding 
subordinate voting shares and multiple voting shares of the Corporation. 
The dividend is payable December 1, 2004 to shareholders of record at 
the close of business on November 18, 2004.

About Danier 

Danier Leather Inc. is a leading integrated designer, manufacturer, and 
retailer of high-quality leather and suede clothing and accessories. The 
Company's merchandise is marketed exclusively under the well-known 
Danier brand name and is available only at its 99 shopping mall, 
street-front, and power centre stores in North America, or through its 
corporate sales division and online through its website, www.danier.com.

Note: This press release may contain forward-looking statements that 
involve risks, estimates, and uncertainties. Therefore, actual results 
may differ materially. Examples of such risks and uncertainties include 
those associated with product sales, demand for Danier's products, 
availability of raw materials, foreign sourcing and manufacturing, 
estimates of damages, costs and interest associated with the class 
action lawsuit, continued growth of the leather apparel industry, and 
competition and other associated risks with Danier's business. For an 
expanded discussion of risks and uncertainties, please see the documents 
filed by Danier Leather Inc. with the Ontario Securities Commission and 
the Toronto Stock Exchange. Danier disclaims any responsibility to 
update or revise such forward-looking statements whether as a result of 
new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:
Danier Leather Inc., Investor Relations Contact
Jeffrey Wortsman
President and Chief Executive Officer
(416) 762-8175 ext. 302
(416) 762-7408 (FAX)
leather@danier.com

or

Danier Leather Inc.
Bryan Tatoff
Senior Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-6072 (FAX)
bryan@danier.com
www.danier.com