Lakeland Industries Inc. Reports Fiscal 2015 Third Quarter Financial Results Consolidated Sales Increase 10% from Prior Year as Gross Margin Reaches Highest Level in Company History for Second Consecutive Quarter Ebola-r

Lakeland Industries Inc. Reports Fiscal

2015 Third Quarter Financial Results

Consolidated Sales Increase 10% from

Prior Year as Gross Margin Reaches Highest Level in Company History for Second Consecutive Quarter

Ebola-related Sales commenced in October

2014 Financial Results

RONKONKOMA, NY - December 10, 2014

-- Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities,

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

third quarter ended October 31, 2014. 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 related factors and due to the restructuring of those operations which has resulted in significant

losses for the past two years that distorts analysis for the balance of the global businesses.

-Fiscal 2015 Third Quarter and Nine Month Financial

Results Highlights and Recent Company Developments

*Includes non-GAAP measures - see table included herein

for reconciliation to GAAP measures

Management's Comments

Christopher J. Ryan, President and Chief

Executive Officer of Lakeland Industries, stated, "On a consolidated basis for Lakeland's growing global operations,

the strategies that have been implemented and the favorable trends we had begun to experience in prior quarters have continued

to be realized in our most recently completed quarter and are now even more pronounced, particularly in key areas of our operating

performance and financial metrics.

"Driven by increases in domestic

and foreign demand, consolidated sales in the third quarter grew by 10% as compared with last year. Sales increases primarily reflect

the growth being experienced by Lakeland with its traditional customers. For the second consecutive quarter, our gross margin as

a percentage of sales set another Company record. While we increase spending in most of international operations to accommodate

future growth and market share attainment, management is presently planning a major restructuring for Brazil as more fully disclosed

in our Form 10-Q. In Brazil, for the third consecutive quarter, operating losses declined by approximately 70% as compared with

prior year periods and our consolidated operating profit improved to $0.7 million in the third quarter of fiscal 2015, up from

a loss of $1 million in the prior year period.

"The positive momentum in cash flow

generated from our consolidated operations along with the net proceeds of the equity offering completed in October 2014 enabled

us to increase our cash balance at the end of the quarter by 14% while reducing our debt by approximately 50% since the end of

the fiscal second quarter. We remain encouraged by the global growth trends and our strengthening operational and financial condition

which should enable us to drive improved profitability from the leverage in our business.

"Furthermore and as previously disclosed,

Lakeland has experienced a significant increase in order activity from demand relating to the Ebola crisis. The main impact from

Ebola-related orders will begin to be realized in our fiscal 2015 fourth quarter ended January 31, 2015. To the extent that this

demand continues, we will be able to drive incremental leverage and profits beyond the improvements as reported in our third quarter."

Earnings and Adjusted EBITDA - Lakeland Consolidated with and without Brazil

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.

Earnings and Adjusted EBITDA - Lakeland Consolidated with and without Brazil

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.

and EPS - Lakeland - Consolidated with and without Brazil

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.

Table continued on next page

Table continued from preceding page

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.

Financial Results Conference Call

Lakeland will host a conference

call at 4:30 pm eastern today to discuss the Company's fiscal 2015 third quarter 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 10056295.

For a replay of this call through

December 17, 2014, dial 877-344-7529 (Domestic) or 412-317-0088 (International) or 855-669-9658 (Canada), Pass Code 10056295.

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,"

"estimated" or "expected," or other words which reflect the current view of the Company with respect to

future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly

disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change

in the Company's expectations or any change in events conditions or circumstances on which such statement is based.

Non-GAAP Financial Measures

To supplement its consolidated financial

statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles (GAAP), the Company uses

the following non-GAAP financial measures: EBITDA, Adjusted EBITDA and consolidated income, excluding Brazil. The presentation