Trading Statement

LAURA ASHLEY HOLDINGS PLC

Trading Update

20 January 2011

In our Interim Management Statement of 16th December 2010 we said that we were confident that full year trading would be ahead of the Board's expectations. Since then the business has performed better than anticipated. Based on this strong like-for-like performance over Christmas and early January we now expect full year PBT to be significantly higher than earlier expectations.

Full results for the year ending 29th January 2011 will be announced at the end of March 2011.

Enquiries:

Tom Buchanan / James Olley Brunswick 0207 404 5959

Seán Anglim Laura Ashley 0207 880 5100