Veterans Memorial Highway, Suite C Ronkonkoma, NY 11779 (631) 981-9700 - www.lakeland.com Lakeland Industries, Inc. Reports Fiscal 2017 Second Quarter Financial Results RONKONKOMA, NY

Lakeland Industries, Inc. Reports Fiscal

2017 Second Quarter Financial Results

RONKONKOMA, NY - September 14, 2016

-- Lakeland Industries, Inc. (NASDAQ: LAKE) (the "Company" or "Lakeland"), 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 2017 second quarter ended July 31, 2016.

For financial reporting presentation purposes,

the operating results in Brazil are excluded from many of the statements in this announcement because the Company's transfer

of the stock of its Brazilian subsidiary has resulted in discontinued operations accounting. Commencing with its first fiscal quarter

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

operations in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Discontinued

operations accounting entails the reclassification of all of the financial results of the Brazil operations within the consolidated

financial results of the Company. The global operations of Lakeland Industries, Inc. excluding Brazil are shown in financial reports

as continuing operations. All statements and information in this announcement have been presented or are restated to exclude Brazil,

except where noted. On July 31, 2015, the Company completed a conditional closing of the transfer of all of the stock of its then

wholly-owned Brazilian subsidiary ("Lakeland Brazil"), to Zap Com rcio de Brindes Corporativos Ltda (the "Transferee"),

a company owned by a then existing Lakeland Brazil manager. This transfer is pursuant to a Shares Transfer Agreement entered into

on June 19, 2015. The transactions contemplated by the Shares Transfer Agreement, which were deemed to have been consummated as

of July 31, 2015, were completed in October 2015. Pursuant to the Shares Transfer Agreement, the Transferee has acquired all of

the shares of Lakeland Brazil owned by the Company.

Fiscal 2017 Second Quarter Financial

Continuing Operations, unless otherwise noted"

Management's Comments

Christopher J. Ryan, President and Chief

Executive Officer of Lakeland Industries, stated, "Our performance in the second quarter of fiscal 2017 continued the momentum

we began to experience in the first quarter of the year. Although there has been economic challenges and sluggishness in the industrial

sectors around the world for over a year, particularly for the oil and gas markets, we have been successful in positioning Lakeland

industries for its next phase of growth. We have been implementing initiatives intended to drive market shares gains and expand

our vertical reach. In turn, given the leverage we have in our business, our goal is to improve both sales and profitability.

"An integral component of our plan

to drive growth in revenues and profits is the targeting of new vertical markets and key multinational and government-related users

to attain market share, which may also bring an ancillary benefit of further elevating the increasing recognition of our global

brand. This strategy has been delivering results. Second quarter sales increased by over 9% from the first quarter of the fiscal

year, which is quite encouraging considering the continued industrial sector headwinds. Gross margin as a percentage of sales increased

for the second consecutive sequential quarter with each period having only modest changes in currency valuations and global business

conditions while none of these periods benefitted from sales of higher margin emergency product orders which skews year-over-year

comparisons. Consolidated operating profit increased from $170,000 in the first quarter to over $2.6 million in the second quarter.

This improvement demonstrates the leverage in our model, effective management of expenses, and our top line growth.

"Our organic sales expansion capitalizes

on investments being made to penetrate new markets and the introduction of these products to take market share in some of the more

developed regions we serve. Impressive progress has been made in the traction for our fire and electrical arc safety and reflective

apparel which are being heavily marketed to government sector, utility and specialty distribution customers.

"As we have stated -- and which has

been evident thus far in fiscal 2017 -- our growth strategies are expected to result in increased sales despite any pressure from

global economic conditions, currency fluctuations, or the pullback in the oil and gas sector which impacts about 10% of our business.

Based on our solid results in the second quarter and the traction of our growth initiatives, we are confident in our future. Reflecting

this outlook, the Company has authorized a $2.5 million stock repurchase program as we believe the acquisition of Lakeland stock

is an attractive investment in the current market and an appropriate use of our cash given our view of solid cash flow generation."

Fiscal 2017 Second Quarter Financial

Net sales from continuing operations decreased

24% to $22.3 million for the three months ended July 31, 2016 compared to $29.5 million for the three months ended July 31, 2015,

but increased by over 9% from $20.4 million in the first quarter of fiscal 2017. As compared to the year earlier period, overall

sales volume was reduced due to global softness in the industrial sector partially resulting from a continuing downturn in the

oil and gas industry, as well as currency headwinds in several of the foreign countries in which the Company has operations. On

a consolidated basis in US currency for the second quarter of fiscal 2017, domestic sales were $11.8 million or 53% of total revenues

and international sales were $10.5 million or 47% of total revenues. This compares with domestic sales of $18.5 million or 63%

of the total and internationals sales of $11.0 million or 37% of the total in the same period of fiscal 2016.

Sales in the USA decreased by 35% to $12.6

million from $19.5 million in the year-ago period due primarily to the strong sales levels in the disposables and chemical divisions

related to the Company's response to the bird flu pandemic in the second quarter of the prior year and a soft market in the

industrial sector in 2Q17. USA sales of disposables decreased by $3.1 million, chemical sales decreased $3.9 million, wovens and

fire protection sales combined were level, while glove sales decreased $0.2 million and reflective sales increased $0.2 million.

Among the Company's larger international

operations, sales in China and to the Asia Pacific Rim were down 28% or $4.4 million, amid decreased intercompany sales and moderate

currency headwinds. Canada sales increased by 27% or $0.5 million, as that country benefited from the effective implementation

of market share attainment strategies and the continued unexpected oil and gas turnaround. The sales volume in Canada set a new

company record. UK sales decreased by $0.8 million or 23% mostly due to the Company's Ebola-related sales in fiscal 2016

second quarter and continuing currency challenges. Sales in Russia and Kazakhstan decreased by $0.1 million or 22% as the regional

economies continue to struggle due to energy industry weakness and amid very tough currency challenges as the currency depreciated

88% in Kazakhstan and 8% in Russia during the last year. Latin America sales decreased $0.5 million or 34% due to a depressed commodities

market which curtails agriculture and mining production and due to the poor economic and/or political environments which impacts

spending in certain regions.

As compared to the first quarter of fiscal

2017, second quarter sales decreased 1.7% or $0.2 million in the USA, were up 37.3% or $3.1 million in China and to the Asia Pacific

Rim, increased by 15.3% or $0.3 million in Canada, increased by $0.3 million or 11.7% in the UK, decreased by $0.1 million or 22.3%

in Russia and Kazakhstan, and increased by $0.2 million or 29.2% in Latin America.

Gross profit decreased $3.2 million, or

27%, to $8.6 million for the three months ended July 31, 2016, from $11.8 million for the three months ended July 31, 2015. Gross

profit as a percentage of net sales decreased to 38.6% for the three months ended July 31, 2016, from 40.0% for the three months

ended July 31, 2015, but increased from 33.3% from the first quarter of fiscal 2017 ended April 30, 2016. Gross margins for disposable

products, the Company's largest product line, improved 5.4 percentage points in spite of the lower year-over-year volume

as the Company continues to contain costs and maximize production efficiency. Major factors driving the year-over-year changes

in gross margins include Chemical protective apparel line gross margins decreasing by 22.7% percentage points as compared to the

same quarter in the previous year primarily due to the very high volume and high margins associated with the Company's response

to the bird flu pandemic and a 12.7 percentage point increase in Woven products gross margin due to cost controls and manufacturing

Operating expenses decreased to $6.0 million

for the three months ended July 31, 2016 from $6.6 million for the three months ended April 30, 2016, and $6.1 million for the

three months ended July 31, 2015. Operating expenses as a percentage of net sales was 26.8% for the second quarter of fiscal 2017

as compared with 32.4% for the first quarter of fiscal 2017 and 20.7% in the second quarter of last year. The main factors for

the decrease in operating expenses from the year earlier quarter are reduced sales commission of $0.4 million and lower equity

compensation and professional services fees, partially offset by a $0.3 million charge relating to currency fluctuations and other

small increases. The reduced expense level from the first quarter of the current fiscal year resulted from operational cost containment

Operating profit was $2.6 million for the

three months ended July 31, 2016, up from $0.2 million in the quarter ended April 30, 2016 and down from $5.7 million for the quarter

ended July 31, 2015. The reduction from the year ago period was mainly a result of lower sales volume. As compared to the first

quarter of fiscal 2017, the improvement in operating profits is attributable to higher sales and reduced operating expenses. Operating

margins were 11.8% for the three months ended July 31, 2016, compared to 19.3% for the year ago period and 0.8% for the three months

ended April 30, 2016.

Net income was $1.4 million for the three