WESTBURY, NY, June 9, 2000 -- LIFETIME HOAN CORPORATION (NASDAQ NM: LCUT): a leading marketer of cutlery, kitchenware, cutting boards and bakeware, today announced that its Board of Directors has once again authorized an increase in the Company’s stock repurchase program from two million to three million shares. Since initiating the original program in December 1999, the Company has repurchased two million shares. The repurchase may be effected from time to time through solicited or unsolicited transactions in the open market or in privately negotiated transactions. No time limit has been placed on the duration of the share repurchase program. The purchases will be made at times and in amounts as the Company deems appropriate and may be discontinued at any time.

Milton L. Cohen, Chairman and CEO commented, “We have been aggressive in implementing our buy-back program and recently reached the previously authorized ceiling of two million shares. Given our belief that Lifetime Hoan’s stock valuation remains attractive in light of the Company’s current condition and future prospects, the Board of Directors has authorized an additional one million shares. We will, therefore, continue the buy-back program which we view as being in the best interests of our shareholders.”

Lifetime Hoan Corporation is a leading designer, marketer and distributor of household cutlery, kitchenware, cutting boards and bakeware, marketing its products under various trade names including Farberware®, Hoffritz® and Revere®. Through the use of various brand names, Lifetime Hoan’s products are distributed through almost every major retailer in the country including Bed Bath & Beyond, WalMart, Kmart, Target, Macy’s and Dayton Hudson.

The information herein contains certain forward-looking statements including statements concerning the Company’s future prospects. These statements involve risks and uncertainties, including risks relating to general economic conditions and risks relating to the Company’s operations, such as the risk of loss of major customers and risks relating to changes in demand for the Company’s products, as detailed from time to time in the Company’s filings with the Securities and Exchange Commission.

COMPANY CONTACT: INVESTOR RELATIONS:

Robert McNally John Heilshorn/Klea Theoharis

Chief Financial Officer Lippert/Heilshorn & Assocs., Inc.

(516) 683-6000 (212) 838-3777 or klea@lhai.com