NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  DANIER LEATHER INC.

TSX SYMBOL:  DL

APRIL 23, 2003 - 16:01 EST

Danier Leather Reports Third Quarter Results For Fiscal
2003

TORONTO, ONTARIO--Danier Leather Inc. (TSX: DL) today announced 
its consolidated financial results for the third quarter and 39 
weeks ended March 29, 2003. 

HIGHLIGHTS ($000s, except earnings per share): 


/T/

                 13 Weeks Ended    39 Weeks Ended    12 Months Ended                           
                 --------------    ---------------   ----------------
                Mar. 29,  Mar 30,  Mar 29,  Mar 30, Mar. 29, Mar. 30,
                   2003     2002     2003     2002     2003     2002         
---------------------------------------------------------------------
Sales            $41,414  $46,501 $150,724 $154,145 $176,556 $179,552
---------------------------------------------------------------------
EBITDA            $2,394   $5,605  $20,198  $24,057  $19,826  $23,954
---------------------------------------------------------------------
Net Earnings        $454   $2,522   $8,859  $11,565   $8,019  $11,253
---------------------------------------------------------------------
EPS Basic          $0.07    $0.37    $1.28    $1.69    $1.16    $1.65
---------------------------------------------------------------------
EPS Diluted        $0.06    $0.36    $1.25    $1.66    $1.13    $1.61
---------------------------------------------------------------------

/T/

HIGHLIGHTS 

- Results impacted by several factors: difficult retail 
environment, war in Iraq, transportation disruption resulting in 
cancellation of flyer 

- Accessories sales increase 12% for the quarter and 25% 
year-to-date 

- Two new power centre locations opened in Q3; third U.S. mall 
store to open in Q4 

- Danier accessories were distributed at the recent Oscars(R), 
Grammy and JUNO awards shows 

"The third quarter was a very a difficult one for a number of 
reasons," said Jeffrey Wortsman, President and CEO of Danier 
Leather. "The combination of lingering economic uncertainty and 
the war in Iraq contributed to a decline in store traffic and 
sales. In addition, a shipment of merchandise delayed by a train 
derailment and avalanches in Western Canada resulted in the 
cancellation of a promotional flyer and lost sales. These 
factors, along with higher expenses associated with strategic 
investments in support of Danier's expansion plans, made for an 
unusually tough quarter." 

Danier maintained a strong financial position at the end of the 
second quarter with $8.3 million of cash, an increase of almost 
7% from last year, no long-term debt and working capital of $40.2 
million.  Inventory of $41.2 million was higher than last year's 
level of $37.8 million.  The increase is partially due to the 
additional stores in operation versus the third quarter last 
year.  In addition, average finished goods inventory per store 
only increased by 5% on an 11% sales decrease for the third 
quarter.   

Revenue for the third quarter decreased 11% to $41.4 million on a 
comparable store sales decline of 15%. The comparable sales 
decrease was offset to some degree with revenues from the 
operation of 3 additional shopping mall stores, 2 expanded 
shopping mall stores and 6 additional power centre locations 
versus the third quarter last year. EBITDA(1) fell to $2.4 
million from $5.6 million in the third quarter last year.  Net 
earnings for the quarter were $454,000, or $0.07 per share ($0.06 
diluted), as compared $2.5 million, or $0.37 per share ($0.36 
diluted) for the 13-week period ended March 30, 2002.   

Year-to-date, revenues were $150.7 million compared with $154.1 
million in the prior year.  Comparable store sales fell 7%. Net 
earnings decreased to $8.9 million, or $1.28 per share ($1.25 
diluted), compared with net earnings of $11.6 million, or $1.69 
per share ($1.66 diluted) for the same period last year.  
EBITDA(1) for the first nine months of fiscal 2003 decreased to 
$20.2 million from $24.1 million. 

Accessory sales continue to perform strongly for the company, 
increasing 12% for the quarter and representing 14% of total 
sales compared with 11% during the third quarter of 2002. 
Year-to-date, accessory sales increased by 25% and represented 
16% of total sales for the period compared with 12% for the same 
period in fiscal 2002. 

Selling, general and administrative expenses rose to $18.7 
million from $18.0 million in the third quarter last year, 
contributing to the lower earnings for the quarter.   

Gross profit as a percentage of revenue was 46.8% versus 47.9% in 
the third quarter last year. Year-to-date, gross profit margin 
rose to 49.9% from 48.8% for the same period in the prior year. 
The differences in gross margin are largely the result of timing 
differences in the advantageous purchasing of finished goods 
merchandise.  

The third quarter was an exciting one from a marketing 
perspective, with the Danier brand featuring prominently at 
several key industry and fashion events. At the 75th Annual 
Academy Awards(R), performers and presenters all received 
Danier's unique turquoise leather travel flask. This marks the 
second consecutive year that Danier's products have been included 
at this event. The company's cognac leather duffel and leather 
coaster sets were given to celebrities at the recent Grammy and 
JUNO awards. Danier's custom made leather bikini was also 
featured on the Sports Illustrated Swimsuit website in February.  


During the third quarter, two new power centre locations were 
opened in Pickering, Ontario and Boucherville, Quebec, bringing 
Danier's total store count to 97. The company expects to open its 
third U.S. mall store, in the Garden State Plaza in Paramus, New 
Jersey, in the fourth quarter. In fiscal 2004, Danier expects to 
surpass the 100-store milestone. Preliminary plans for next year 
include the addition of three shopping mall stores and two power 
centre locations, all in Canada.  

Danier's existing U.S. mall stores continue to show comparable 
store sales results significantly better than the company average 
for both the third quarter and year to date.  

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 97 shopping mall, street-front, and power 
centre stores, or through its corporate sales division and online 
through its website, www.danier.com. 

(1)EBITDA refers to earnings before interest expense, income tax, 
depreciation and amortization, and is a measure used by 
management to assess operating performance. EBITDA is a non-GAAP 
earnings measure and does not have a standardized meaning.  It is 
therefore unlikely to be comparable to similar measures presented 
by other issuers. 

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, continued growth of the leather 
apparel industry, and competition and other associated risks with 
Danier's business.  For an expanded discussion of such 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. 

Investors, analysts and the media are invited to participate in a 
conference call today at 4:30 PM Eastern Time to discuss the 
results. Please dial 416-695-9712 in the Toronto area or 
1-888-280-8277 (rest of Canada and the U.S.) and quote the Danier 
Leather Inc. conference call with chairperson Jeffrey Wortsman at 
least five minutes prior to the call. The call will also be 
webcast at www.danier.com or at www.ccnmatthews.com. 


/T/

DANIER LEATHER INC.                                                 
CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS           
(thousands of dollars, except earnings per share and number of      
 shares outstanding)                                                
--------------------------------------------------------------------
--------------------------------------------------------------------
                                                                    
                                For the 13          For the 39      
                                Weeks Ended         Weeks Ended     
                         ---------------------- --------------------
                           March 29,  March 30,  March 29, March 30,
                             2003       2002       2003      2002   
                         ---------------------- --------------------
                         (unaudited)(unaudited)(unaudited)(unaudited)
                                                                    
Revenue                   $   41,414 $   46,501  $ 150,724 $ 154,145
Cost of sales                 22,034     24,223     75,514    78,970
                         ---------------------- --------------------
Gross profit                  19,380     22,278     75,210    75,175
Selling, general and
 administrative expenses      18,718     18,020     60,208    55,109
                         ---------------------- --------------------
Earnings before interest
 and income taxes                662      4,258     15,002    20,066
Interest (income) expense       (100)       (15)       113       466
                         ---------------------- --------------------
Earnings before income
 taxes                           762      4,273     14,889    19,600
Provision for income tax
 (Note 6)                        308      1,751      6,030     8,035
                         ---------------------- --------------------
Net earnings for the
 period                   $      454 $    2,522  $   8,859 $  11,565
                         ---------------------- --------------------
                         ---------------------- --------------------
                                                                    
Retained earnings,
 beginning of period          47,010     36,923     38,605    27,880
                         ---------------------- --------------------
Retained earnings, end of
 period                   $   47,464 $   39,445  $  47,464 $  39,445
                         ---------------------- --------------------
                         ---------------------- --------------------
                                                                    
Earnings per Share:                                                 
  Basic                        $0.07      $0.37      $1.28     $1.69
  Diluted                      $0.06      $0.36      $1.25     $1.66
                                                                    
Weighted Average Number of
 Shares Outstanding:                                                
  Basic                    6,916,185  6,841,255  6,911,663 6,839,406
  Diluted                  7,048,885  7,068,993  7,078,141 6,983,419
Number of Shares
 Outstanding               6,919,554  6,841,829  6,919,554 6,841,829

                                                                    
                                                     For the 12     
                                                    Months Ended    
                                                --------------------
                                                 March 29, March 30,
                                                   2003      2002   
                                                --------------------
                                               (unaudited)(unaudited)
                                                (52 weeks) (53 weeks)
Revenue                                          $ 176,556 $ 179,552
Cost of sales                                       88,642    93,103
                                                --------------------
Gross profit                                        87,914    86,449
Selling, general and administrative
 expenses                                           74,363    67,011
                                                --------------------
Earnings before interest and income taxes           13,551    19,438
Interest (income) expense                              108       464
                                                --------------------
Earnings before income taxes                        13,443    18,974
Provision for income tax (Note 6)                    5,424     7,721
                                                --------------------
Net earnings for the period                      $   8,019 $  11,253
                                                --------------------
                                                --------------------
                                                                    
Retained earnings, beginning of period              39,445    28,192
                                                --------------------
Retained earnings, end of period                 $  47,464 $  39,445
                                                --------------------
                                                --------------------
                                                                    
Earnings per Share:                                                 
  Basic                                              $1.16     $1.65
  Diluted                                            $1.13     $1.61
                                                                    
Weighted Average Number of Shares Outstanding:                      
  Basic                                          6,903,982 6,838,329
  Diluted                                        7,097,112 6,969,615
Number of Shares Outstanding                     6,919,554 6,841,829



DANIER LEATHER INC. 
CONSOLIDATED BALANCE SHEETS 
(thousands of dollars) 
------------------------------------------------------------------------
------------------------------------------------------------------------

                                       March 29,   March 30,    June 29,
                                           2003        2002        2002
------------------------------------------------------------------------
                                     (unaudited) (unaudited) 
ASSETS 
Current Assets 
  Cash                                  $ 8,304     $ 7,768     $ 3,777 
  Accounts receivable                     1,384       2,027         484 
  Inventories (Note 3)                   41,237      37,812      38,662 
  Prepaid expenses                          781         410         603 
  Current portion of future
   income tax asset                         664       1,001         628 
------------------------------------------------------------------------
                                         52,370      49,018      44,154 

Other Assets 
  Capital assets (Note 4)                33,678      29,782      31,199
  Goodwill                                  342         342         342
------------------------------------------------------------------------
                                       $ 86,390    $ 79,142    $ 75,695
------------------------------------------------------------------------
------------------------------------------------------------------------

LIABILITIES 
Current Liabilities 
  Accounts payable and
   accrued liabilities                 $ 10,875    $ 11,163    $ 10,472
  Income taxes payable                    1,323       2,885          80 
------------------------------------------------------------------------
                                         12,198      14,048      10,552 

Deferred lease inducements                1,949       1,700       1,837 

Future income tax liability                 784         495         784 
------------------------------------------------------------------------
                                         14,931      16,243      13,173 
------------------------------------------------------------------------

SHAREHOLDERS' EQUITY 
  Share capital (Note 5)                 23,995      23,454      23,917 
  Retained earnings                      47,464      39,445      38,605 
------------------------------------------------------------------------
                                         71,459      62,899      62,522 
------------------------------------------------------------------------
                                       $ 86,390    $ 79,142    $ 75,695
------------------------------------------------------------------------
------------------------------------------------------------------------



DANIER LEATHER INC. 
CONSOLIDATED STATEMENTS OF CASH FLOW 
(thousands of dollars) 
------------------------------------------------------------------------
------------------------------------------------------------------------

                         For the 13 Weeks Ended   For the 39 Weeks Ended
------------------------------------------------------------------------
                           March 29,   March 30,   March 29,   March 30,
                               2003        2002        2003        2002
------------------------------------------------------------------------
                         (unaudited) (unaudited) (unaudited) (unaudited)
Operating activities 
  Net earnings for the period $ 454     $ 2,522     $ 8,859    $ 11,565 
  Items not affecting cash: 
  Amortization of
   capital assets             1,732       1,347       5,196       3,991 
  Amortization of deferred
   lease inducements            (73)        (39)       (207)       (116)
  Future income taxes            24        (114)        (36)       (105)
------------------------------------------------------------------------
                              2,137       3,716      13,812      15,335 

Change in non-cash working
 capital items (Note 7)     (12,081)     (4,601)     (2,007)      2,383 
------------------------------------------------------------------------

Cash flows from
 operating activities        (9,944)       (885)     11,805      17,718 
------------------------------------------------------------------------

Financing activities 
  Subordinate voting
   shares issued                 56           9          78          42 
  Proceeds from lease inducements -         378         319         453 
------------------------------------------------------------------------

Cash flows from
 financing activities            56         387         397         495 
------------------------------------------------------------------------

Investing activities 
  Acquisition of
   capital assets            (1,281)     (1,957)     (7,675)     (8,622)
------------------------------------------------------------------------

Cash flows from
 investing activities        (1,281)     (1,957)     (7,675)     (8,622)
------------------------------------------------------------------------

(Decrease)/increase in cash (11,169)     (2,455)      4,527       9,591 

Cash and bank overdraft,
 beginning of period         19,473      10,223       3,777      (1,823)
------------------------------------------------------------------------

Cash, end of period         $ 8,304     $ 7,768     $ 8,304     $ 7,768 
------------------------------------------------------------------------
------------------------------------------------------------------------


Supplementary cash
 flow information: 
   Interest paid                  7          33         219         472
   Income taxes paid          1,251       2,203       5,241       6,484



DANIER LEATHER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
For the 13 and 39 week periods ended March 29, 2003 and March 30, 2002
(Unaudited)

/T/

1. SIGNIFICANT ACCOUNTING POLICIES: 

(a) Basis of Presentation: 

The interim financial statements presented herein follow the same 
accounting policies and their methods of application as the 2002 
annual financial statements, except as noted in note 1(b) below. 
Generally accepted accounting principles for interim financial 
statements do not conform in all respects to the disclosures 
required for annual financial statements, and accordingly, these 
interim financial statements should be read in conjunction with 
the Company's audited consolidated financial statements and the 
accompanying notes contained in the Company's 2002 Annual Report. 


(b) Stock-Based Compensation Plan: 

On June 30, 2002, the Company adopted prospectively the Canadian 
Institute of Chartered Accountants (CICA) Handbook section 3870 
"Stock-based Compensation and Other Stock-based Payments". The 
new standard establishes standards for the recognition, 
measurement and disclosure of stock-based compensation to 
employees. Options granted to employees will include full 
disclosure of pro forma net earnings and pro forma earnings per 
share, using the fair value based accounting method (see Note 
5(d)).  

(c) Comparative Figures: 

Certain of last year's figures have been reclassified to conform 
with the current year's presentation. 

2. SEASONALITY OF RETAIL OPERATIONS: 

Due to the seasonal nature of the retail business and the 
Company's product lines, the results of operations for any 
interim period are not necessarily indicative of the results of 
operations to be expected for the fiscal year. Generally, a 
significant portion of the Company's sales and earnings are 
generated during the fiscal second quarter, which includes the 
holiday selling season. Sales are generally lowest and losses are 
experienced during the period from April to September.  


/T/

3. INVENTORY (thousands of dollars):

                           March 29, 2003  March 30, 2002  June 29, 2002
------------------------------------------------------------------------
Raw materials                     $ 4,881         $ 5,222        $ 5,210
Work-in-process                     1,581           2,607          2,430
Finished goods                     34,775          29,983         31,022
------------------------------------------------------------------------
                                 $ 41,237        $ 37,812       $ 38,662
------------------------------------------------------------------------
------------------------------------------------------------------------


4. CAPITAL ASSETS (thousands of dollars):

                      March 29, 2003                March 30, 2002
------------------------------------------------------------------------
                      Accumulated Net Book          Accumulated Net Book
                Cost Amortization    Value    Cost Amortization    Value
------------------------------------------------------------------------
Land         $ 1,000          $ -   $1,000 $ 1,000          $ -  $ 1,000
Building       6,785          907    5,878   6,976          885    6,091
Furniture and
 equipment    12,400        6,542    5,858   9,833        4,840    4,993
Leasehold
 improvements 26,347       10,422   15,925  21,719        8,855   12,864
Computer hardware
 and software 10,095        5,078    5,017   8,390        3,556    4,834
------------------------------------------------------------------------
             $56,627      $22,949  $33,678 $47,918     $ 18,136 $ 29,782
------------------------------------------------------------------------
------------------------------------------------------------------------

                     June 29, 2002
------------------------------------------------------------------------
                      Accumulated Net Book
                Cost Amortization    Value
------------------------------------------------------------------------
Land         $ 1,000          $ -  $ 1,000
Building       6,768          580    6,188
Furniture and
 equipment    10,953        5,529    5,424
Leasehold
 improvements 21,608        8,073   13,535
Computer hardware
 and software  8,623        3,571    5,052
------------------------------------------------------------------------
            $ 48,952     $ 17,753 $ 31,199
------------------------------------------------------------------------
------------------------------------------------------------------------


5. SHARE CAPITAL (thousands of dollars, except number of shares and per 
share amounts): 

(a) Authorized:

1,224,329 Multiple Voting Shares
Unlimited Subordinate Voting Shares
Unlimited Class A Preference Shares

(b) Issued:

                                            Mar 29,   Mar 30,   June 29,
                                              2003      2002       2002
------------------------------------------------------------------------
1,224,329 Multiple Voting Shares (March 30,
 2002 and June 29, 2002 - 1,224,329)            (i)       (i)        (i)
5,695,225 Subordinate Voting Shares (March 30,
 2002 - 5,617,500 and
 June 29, 2002 - 5,683,875)                 23,995    23,454     23,917
------------------------------------------------------------------------
                                          $ 23,995  $ 23,454   $ 23,917
------------------------------------------------------------------------
------------------------------------------------------------------------
(i) Nominal

/T/

(c) Normal Course Issuer Bid: 

During the 39 weeks ended March 29, 2003 and 39 weeks ended March 
30, 2002, there were no shares repurchased under the Normal 
Course Issuer Bid. 

(d) Stock-Based Compensation Plan: 

The Company has reserved 1,025,000 Subordinate Voting Shares for 
issuance under its Stock Option Plan. As at March 29, 2003, there 
were 730,400 options outstanding with exercise prices ranging 
from $6.02 to $17.94. Of these outstanding options, 496,400 are 
exercisable. Further details of the Stock Option Plan are 
contained in Note 6(e) of the consolidated financial statements 
contained in the 2002 Annual Report.  

Effective June 30, 2002, the Company adopted prospectively the 
new CICA standard for Stock-based Compensation (see Note 1(b)). 
Under the new standard, as in prior periods, the Company uses 
settlement accounting to account for its stock option plan. 
Consideration paid by employees and directors, which represents 
the exercise price on the exercise of stock options, is recorded 
as share capital.  

During the 39 weeks ended March 29, 2003, the Company granted 
161,000 stock options (net of 25,000 forfeited options) with 
exercise prices ranging from $13.57 and $15.85. Had compensation 
cost been determined using the fair value-based method at the 
grant date of the stock options awarded to employees and 
directors, the net earnings and earnings per share would have 
been reduced to the pro forma amounts indicated in the following 
table:  


/T/

                                13 Weeks Ended         39 Weeks Ended
                                March 29, 2003         March 29, 2003
------------------------------------------------------------------------
                          As Reported  Pro forma  As Reported  Pro forma
------------------------------------------------------------------------
Net earnings                     $454       $297       $8,859     $8,418
Basic earnings per share        $0.07      $0.04        $1.28      $1.22
Diluted earnings per share      $0.06      $0.04        $1.25      $1.19

/T/

To determine compensation cost, the fair value of stock options 
is recognized on a straight-line basis over the vesting period of 
the options. 

The pro forma effect on net income of the period is not 
representative of the pro forma effect on net income of future 
periods because it does not take into consideration the pro forma 
compensation cost related to options awarded prior to June 29, 
2002. 

The fair value of options granted was estimated on the grant date 
using the Black-Scholes option-pricing model with the following 
assumptions for the stock options granted since the beginning of 
the year: 


/T/

   Expected dividend yield                 None
   Expected volatility                      54%
   Risk-free interest rate                5.25%
   Expected life                       10 years

/T/

The weighted average fair value of stock options granted during 
the 39 weeks ended March 29, 2003 was $10.62. 

The Black-Scholes option-pricing model was developed for use in 
estimating the fair value of traded options, which have no 
vesting restrictions and are fully transferable. In addition, the 
Black-Scholes model requires the use of subjective assumptions 
including the expected stock price volatility. Because the 
Company's stock option plan has characteristics different from 
those of traded options, and because changes in the subjective 
assumptions can have a material effect on the fair value 
estimate, the Black-Scholes option-pricing model does not 
necessarily provide a reliable single measure of the fair value 
of options granted. 


/T/

6. INCOME TAXES:

The Company's effective income tax rate consists of the following: 

                                          March 29, 2003 March 30, 2002
------------------------------------------------------------------------
Combined basic federal and
 provincial average statutory rate                 39.0%          41.0%
Manufacturing and processing credit                (1.0%)         (2.0%)
Effect of foreign operating losses                  2.0%           1.0%
Other                                               0.5%           1.0%
------------------------------------------------------------------------
                                                   40.5%          41.0%
------------------------------------------------------------------------
------------------------------------------------------------------------


7. CHANGES IN NON-CASH WORKING CAPITAL ITEMS (thousands of dollars):

                          13 weeks ended            39 weeks ended
------------------------------------------------------------------------
                    Mar 29, 2003 Mar 30, 2002 Mar 29, 2003 Mar 30, 2002
------------------------------------------------------------------------
Accounts receivable       $1,239       $2,606        ($900)     ($1,363)
Inventories              ($2,401)         815       (2,575)       1,415
Prepaid expenses             (81)         (97)        (178)          49
Accounts payable and
 accrued liabilities     (10,149)      (7,629)         403          581
Income taxes payable        (689)        (296)       1,243        1,701
------------------------------------------------------------------------
                        ($12,081)     ($4,601)     ($2,007)      $2,383
------------------------------------------------------------------------

/T/

8. COMMITMENTS & CONTINGENCIES (thousands of dollars): 

(a) Legal Proceedings  

In the course of its business, the Company from time to time 
becomes involved in various claims and legal proceedings. In 
fiscal 1999, the Company and certain of its directors and 
officers were served with a Statement of Claim under the Class 
Proceedings Act (Ontario). The Claim relates to subordinate 
voting shares purchased at the time of the Company's initial 
public offering in May 1998. Essentially, the suit seeks damages 
be paid equal to the diminution in value of the shares. The 
plaintiff also brought a motion to certify the action as a class 
action on behalf of investors who purchased shares pursuant to 
the initial public offering. A motion to certify the action as a 
class action was heard in July, 2001, and in October, 2001, the 
motion for certification was granted. The trial is expected to 
begin in May, 2003. No amounts have been provided in the accounts 
of the Company in respect of this matter. The Company strongly 
believes the suit is wholly without merit and will vigorously 
defend it. 


/T/

(b) Operating Leases

Minimum rentals for the next five years and thereafter, excluding 
rentals based upon revenue are as follows:

   2004                                          $ 11,514
   2005                                          $ 10,988
   2006                                          $ 10,078
   2007                                           $ 9,513
   2008                                           $ 8,341
   Thereafter                                    $ 18,669

/T/

(c) Letters of Credit  

The Company had outstanding letters of credit in the amount of 
$1,731 (March 30, 2002 - $4,225; June 29, 2002 - $7,640) for 
imports of finished goods inventories to be received. 

9. SEGMENTED INFORMATION: 

Management has determined that the Company operates in one 
dominant industry and geographic segment which involves the 
design, manufacture and retail of fashion leather and suede 
apparel and accessories. 

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

or

Danier Leather Inc.
Bryan Tatoff
Senior Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-7408 (FAX)
Email: bryan@danier.com