Lifetime Brands Announces Results of 2012 Annual Meeting

Declares Quarterly Dividend of $0.025 per Share

GARDEN CITY, N.Y.--(BUSINESS WIRE)--Jun. 13, 2012-- Lifetime Brands, Inc. (NASDAQ GS: LCUT), a global provider of branded products used to prepare, serve and consume food in the home, announced the results of the votes taken at the Company’s 2012 Annual Meeting of Stockholders held earlier today.

Stockholders elected the following directors to serve until the next Annual Meeting of Stockholders:

Stockholders also approved an amendment to the Company’s 2000 Long-Term Incentive Plan to increase the number shares of the Company’s common stock and re-approved the performance criteria for certain stock-based awards and cash bonuses to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code.

In addition, stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2012.

Lifetime’s Board of Directors also declared a quarterly cash dividend of $0.025 per share payable on August 15, 2012, to shareholders of record on August 1, 2012.

Lifetime Brands, Inc.

Lifetime Brands is a provider of kitchenware, tabletop and other products used in the home. The Company markets its products under such well-known kitchenware brands as Farberware®, KitchenAid®, CasaMōda®, Cuisinart®, Cuisine de France®, Guy Fieri®, Hoffritz®, Kizmos™, Misto®, Pedrini®, Roshco®, Sabatier®, Savora™ and Vasconia®; respected tabletop brands such as Mikasa®, Pfaltzgraff®, Creative Tops®, Calvin Klein®, Gorham®, International® Silver, Kirk Stieff®, Nautica®, Sasaki®, Towle® Silversmiths, Tuttle®, Wallace®, V&A® and Royal Botanic Gardens Kew®; and home solutions brands, including Elements®, Melannco®, Kamenstein® and Design for Living™.

The Company’s website is  www.lifetimebrands.com.

Source: Lifetime Brands, Inc.

Lifetime Brands, Inc.
Laurence Winoker, 516-203-3590
Chief Financial Officer
investor.relations@lifetimebrands.com
or
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777
Senior Vice President
hfried@lhai.com