Lakeland Industries, Inc. Reports Fiscal 2015 Fourth Quarter and Year End Financial Results Company Expects Continued Improvements in Fiscal 2016 Operating Results RONKONKOMA, NY

Lakeland Industries, Inc. Reports Fiscal

2015 Fourth Quarter and Year End Financial Results

Company Expects Continued Improvements in

Fiscal 2016 Operating Results

RONKONKOMA, NY - May 18, 2015 --

Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of protective clothing for industry, healthcare and to

first responders on the federal, state and local levels, today announced financial results for its fiscal 2015 fourth quarter and

year end ended January 31, 2015. For financial reporting presentation purposes, the operating results in Brazil are excluded from

many of the statements in this announcement because the Company's commercial lender has excluded Brazil from most covenant

calculations, as well as other factors, including the Company's recent determination to exit Brazil. The Company's

Brazilian operations have resulted in significant losses for the past three years, the inclusion of which the Company believes

distorts the analysis for the balance of the consolidated global businesses.

Fiscal 2015 Fourth Quarter and Full Year Financial Results

*Includes non-GAAP measures - see table included herein

for reconciliation to GAAP measures

Management's Comments

J. Ryan, President and Chief Executive Officer of Lakeland Industries, stated, "Fiscal year 2015 was remarkable on many fronts,

including significant progress in raising awareness of the Lakeland brand worldwide and improving our financial performance and

fiscal health. Among our global initiatives, we announced our determination to exit Brazil which has been losing money for three

years during which time it had caused material hardships throughout our Company. We believe we have found a way to exit this business,

enhance our focus on the areas of growth throughout our otherwise expanding global operating footprint, and improve our overall

financial performance.

"Lakeland Industries' global

consolidated sales excluding Brazil grew by 11% in fiscal 2015, with a 24% increase in the fourth quarter driven by sales in connection

with the Ebola crisis for which we ramped up our capacity production. Ebola related sales activity aided in our efforts to more

meaningfully break into the private and public sector healthcare market. Lakeland branded products were featured on numerous news

reports as purchase orders were received from North American and European buyers. Beyond the traditional growth we have been experiencing,

our sales in the fourth quarter relating to protective apparel used to combat the Ebola outbreak will similarly impact the first

quarter of the present fiscal year.

"Reflecting our improving outlook,

we were pleased to have raised $11.1 million in October through an offering of our common stock. The net proceeds from this offering

were used to reduce debt. We ended fiscal 2015 by reducing our total debt by nearly 40% from the end of the prior year, including

the elimination of some of our most expensive debt. In turn, the reduction of interest service will contribute to our efforts to

improve profitability and cash flow. Lakeland Industries recorded sizable increases in cash flow or Adjusted EBITDA as well as

net income, although these improvements were aided and sometimes partially offset by items which are one-time in nature primarily

related to our exit from Brazil and early extinguishment of debt. The common denominators are that we ended the year in a materially

improved financial condition and demonstrated the strength of our global product line and manufacturing capabilities.

"While Lakeland Industries does

not provide specific guidance for its future financial results performance, we presently have sufficient visibility and

confidence in delivering continued improved operating results in the current fiscal year which began February 1, 2015. We

expect improved traction for our consolidated global businesses in fiscal 2016, excluding the discontinued operations in

Brazil, with improved performance in sales, operating profit, net income and cash flow."

As previously disclosed, the Company has

determined to exit Brazil. As part of its exit strategy, a sale of the Brazilian operations to a current officer of its Brazilian

subsidiary, subject to negotiation and entry into a definitive agreement, has been approved by the Company's Board of Directors.

The sale would involve the assumption of a substantial amount of liabilities by the buyer and additional funding from the Company.

Any such sale or other action is subject to the approval of the Company's senior lender, Alostar Bank of Commerce.

Based upon management's discussions with Alostar, the Company anticipates receiving formal approval from the bank in approximately

The Company's banking covenants are

mainly based on world-wide adjusted EBITDA, excluding Brazil. Further, there is a covenant prohibiting any new cash investment

or advances from the parent company into Brazil. The bank has structured this in a way that allows management the freedom to restructure

in Brazil. Approval for the Company's exit plan for Brazil is currently pending from its lender.

Commencing with its first fiscal quarter

2016 ended April 30, 2015, historical and future financial results from the Brazilian operations will be reflected as discontinued

operations in accordance with Generally Accepted Accounting Principles ("GAAP"). Discontinued operations accounting will

entail the reclassification of all of the financial results of the Brazil operations within the consolidated financial results

of the parent company, and a restatement of prior periods to reflect the same treatment. The global operations of Lakeland Industries

excluding Brazil will be shown in financial reports as Continuing Operations.

Numbers may not add due to

*This table is a reconciliation

of GAAP to non-GAAP Financial Measures.

**Brazil numbers, as presented

in this table, include immaterial intercompany transactions.

Numbers may not add due to rounding

*This table is a reconciliation of GAAP to non-GAAP Financial Measures.

**Brazil numbers, as presented in this table, include immaterial intercompany transactions.

Numbers may not add due to rounding *This table is a reconciliation

of GAAP to non-GAAP Financial Measures. **Brazil numbers, as presented in this table, include immaterial intercompany transactions.

$9.5 million tax benefit from the Brazil worthless stock deduction while a US tax benefit, has been shown in the Brazil column

since it is wholly derived from the Brazil losses. This table is intended to show worldwide operations excluding Brazil.

Financial Results Conference Call

Lakeland will host a conference

call at 4:30 pm eastern today to discuss the Company's fiscal 2015 fourth quarter and year-end financial results. The conference

call will be hosted by Christopher J. Ryan, Lakeland's Chief Executive Officer, and Gary Pokrassa, Lakeland's Chief

Financial Officer. Investors can listen to the call by dialing 888-347-6609 (Domestic) or 412-902-4291 (International) or

855-669-9657 (Canada), Pass Code 10063840.

For a replay of this call through

May 25, 2015, dial 877-344-7529 (Domestic) or 412-317-0088 (International) or 855-669-9658 (Canada), Pass Code 10063840.

About Lakeland Industries, Inc.:

Lakeland Industries, Inc. (NASDAQ:

LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.

The Company's products are sold by a direct sales force and through independent sales representatives to a network of over

1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical,

automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as

well as hospitals and laboratories. In addition, Lakeland supplies federal, state, and local government agencies, fire and police

departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other

federal and state agencies. For more information concerning Lakeland, please visit the Company online at www.lakeland.com.

"Safe Harbor" Statement under

the Private Securities Litigation Reform Act of 1995: Forward-looking statements involve risks, uncertainties and assumptions as

described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports

and filings filed with the Securities and Exchange Commission or made by management. All statements, other than statements of historical

facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation

for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. As

a result, there can be no assurance that Lakeland's future results will not be materially different from those described

herein as "believed," "projected," "planned," "intended," "anticipated,"