HAMPSHIRE GROUP, LIMITED
STOCK SYMBOL:  HAMP (NASDAQ)                        FOR IMMEDIATE RELEASE

CONTACT: CHARLES W. CLAYTON                         PHONE: (864) 231-1211
                                                    FACSIMILE:(864) 231-1215

            HAMPSHIRE GROUP, LIMITED ANNOUNCES THIRD QUARTER RESULTS

Anderson, South Carolina, November 4, 2004...Hampshire Group, Limited today
announced results for the third quarter and the nine months ended October 2,
2004. Net sales for the quarter ended October 2, 2004 were $116,104,000 compared
with $97,036,000 for the quarter ended September 27, 2003, an increase of 20%.
Net income in the third quarter of 2004 was $6,940,000, or $1.69 per diluted
share, compared with income from continuing operations of $4,865,000, or $1.00
per diluted share in the third quarter of 2003.

Net sales for the nine months ended October 2, 2004 were $196,753,000 compared
with $180,164,000 in the nine months ended September 27, 2003, an increase of
9%. Net income in the nine-month period of 2004 was $5,393,000, or $1.31 per
diluted share, compared with income from continuing operations of $4,628,000, or
$0.95 per diluted share, in the nine-month period of 2003. Net loss for the nine
months ended September 27, 2003, was $715,000, or $0.18 per share, including a
$5,343,000 loss from discontinued operations.

In the third quarter, sales of both sweaters and related separates continued to
reflect the Company's success in offering customers the value, style and quality
that retail consumers are seeking in today's market. The quarter and nine-month
period for the current year each included one more week than the prior year,
contributing substantially to the increases in net sales and profits. Sales and
profitability for the fourth quarter will be adversely affected by the loss of a
week in the fourth quarter compared with the fourth quarter of 2003.

Commenting on results for the year-to-date, Ludwig Kuttner, Chairman and Chief
Executive Officer, stated, "We are pleased to be reporting favorable
period-to-period comparisons of net sales, net income and net income per share
in spite of the difficult retail environment. Our people are working diligently
to service our customers' needs during the important holiday selling season."

Hampshire Group, Limited is a diversified apparel company, believed to be the
largest supplier of women's and men's sweaters in North America and a leading
supplier of women's related separates.
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           Cautionary Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, that reflect the Company's
current views with respect to future events. Such statements are subject to
certain risks and uncertainties which could cause actual results to differ
materially from those projected. Readers are cautioned not to place undue
reliance on these forward-looking statements which speak only as of the date
hereof. The Company undertakes no obligation to republish revised
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrences of unanticipated events. Readers are also
urged to review and consider carefully the various disclosures made by the
Company in its Form 10-K and other Securities and Exchange Commission filings,
which advise interested parties of the factors that affect the Company's
business.
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                            HAMPSHIRE GROUP, LIMITED
                         COMPARATIVE SUMMARY OF EARNINGS
                      (in thousands, except per share data)

                                       Nine Months Ended    Three Months Ended
                                       -----------------    ------------------
                                      Oct. 2,   Sept. 27,    Oct. 2,  Sept. 27,
                                        2004      2003        2004      2003
                                      ------------------    -------------------
<S>                                  <C>        <C>          <C>       <C>
Net sales                            $196,753   $180,164     $116,104  $97,036

Income from continuing operations      $5,393     $4,628       $6,940   $4,865
Loss from discontinued operations         -       (5,343)         -     (5,730)
                                     -------------------     -----------------
Net income (loss)                      $5,393    ($  715)      $6,940  ($  865)
                                     -------------------     -----------------
Basic income (loss) per share -
  Continuing operations                 $1.32      $0.98        $1.71    $1.02
  Discontinued operations                 -        (1.13)         -      (1.21)
                                     -------------------     -----------------
    Net income (loss)                   $1.32     ($0.15)       $1.71   ($0.18)
                                     -------------------     -----------------
Diluted income (loss) per share -
  Continuing operations                 $1.31      $0.95        $1.69    $1.00
  Discontinued operations                 -        (1.10)         -      (1.18)
                                     -------------------     -----------------
    Net income (loss)                   $1.31     ($0.15)       $1.69   ($0.18)
                                     -------------------     -----------------

Weighted average number of
  Shares outstanding-       Basic       4,071      4,724        4,059    4,751
                                     -------------------     -----------------
                            Diluted     4,127      4,851        4,109    4,863
                                     -------------------     -----------------
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