WESTBURY, N.Y.--(BUSINESS WIRE)--Nov. 23, 2005--Lifetime Brands, Inc. (NASDAQ: LCUT) announced today that it has closed the public offering of 2,875,000 shares of its common stock at a price of $21.50 per share. Of the 2,875,000 shares being offered, the Company sold 1,733,000 shares and certain of the Company's stockholders sold a total of 1,142,000 shares, which include the exercise in full of the underwriters' over-allotment option of 375,000 shares. The Company received approximately $34.6 million in net proceeds from the offering after deducting the underwriting discount and estimated offering expenses.

Citigroup Corporate and Investment Banking acted as the sole book-runner for the offering and Adams Harkness, Inc. acted as a co-manager for the offering.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state. Copies of the final prospectus relating to the offering may be obtained from Citigroup Corporate and Investment Banking, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732; fax: 718-765-6734).

About Lifetime Brands, Inc.

Lifetime is a leading designer, developer and marketer of kitchenware, tabletop accessories, cutlery and cutting boards, bakeware, and pantryware and spices, marketing its products under various trade names, including Pfaltzgraff(R), KitchenAid(R), Farberware(R), Cuisinart(R), Sabatier(R), Calvin Klein(R) and Hoffritz(R). Lifetime's products are distributed through most major retailers in the United States.

CONTACT: Lifetime Brands, Inc.
Robert McNally, 516-683-6000
or
Investor Relations:
Lippert/Heilshorn & Assoc.
Harriet Fried, 212-838-3777

SOURCE: Lifetime Brands, Inc.