Lifetime Hoan Elects Cherrie Nanninga to Board of Directors; Appointment Increases Number of Independent Directors

WESTBURY, N.Y.--(BUSINESS WIRE)--Aug. 13, 2003--Lifetime Hoan Corporation (Nasdaq NM: LCUT), a leading marketer of housewares, today announced the election of Cherrie Nanninga to its Board of Directors. Ms. Nanninga is Chief Operating Officer of the New York Tri-State Region for CB Richard Ellis, Inc., one of the world's leading commercial real estate firms.

Prior to joining CB Richard Ellis in 2002, Ms. Nanninga served as Deputy Chief Financial Officer and Director of Real Estate for the Port Authority of New York and New Jersey. During her 23-year career with the Port Authority, she oversaw the leasing and marketing of the agency's commercial real estate portfolio, which generated lease revenue of more than $450 million annually. Among her accomplishments was the successful repositioning of the World Trade Center Mall, which became the third-highest grossing shopping center in the country. Earlier in her career, Ms. Nanninga spent three years at Philip Morris, where she was involved in corporate planning.

Ms. Nanninga is a director of The Alliance for Downtown New York, The Lower Manhattan Cultural Council, New York Women Executives in Real Estate and The Real Estate Board of New York. She is a member of the Steering Committee of the Association for a Better New York and a member of the Advisory Council for the Stanford Business School. She has an MBA from Stanford University and a BA from California State University at Hayward.

Jeffrey Siegel, Lifetime Hoan's Chairman and Chief Executive Officer, commented, "We are delighted to have Cherrie join our Board of Directors. Cherrie, who will be a member of Lifetime Hoan's Audit Committee, has had a distinguished career and brings an extensive financial background to the Board. We look forward to the added perspective Cherrie will provide going forward."

Lifetime Hoan Corporation is a leading designer, marketer and distributor of household cutlery, kitchenware, cutting boards, pantryware and bakeware, marketing its products under various trade names including Farberware(R) and Hoffritz(R). Through the use of various brand names, Lifetime Hoan's products are distributed through almost every major retailer in the U.S.

CONTACT: Lifetime Hoan
Robert McNally, 516-683-6000
or:
Investor Relations
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777

SOURCE: Lifetime Hoan Corporation