An exercise weight comprises a plate having a width, a length and a thickness. The length is substantially greater than the width, and the width is substantially greater than the thickness. The plate has opposed longitudinal edges and opposed end edges, and has opposed lengthwise grip apertures adjacent respective longitudinal edges and opposed end grip apertures adjacent respective end edges. The grip apertures cooperate with their respective edges to form lengthwise handgrips and end handgrips. A barbell comprises a main support portion for receiving exercise weights and which includes at least one mounting projection adapted to be received in a corresponding aperture in one of the exercise weights to support the exercise weight on the barbell. Opposed lifting handles extend outwardly from opposite ends of the main support portion and an elongated lifting bar is carried by and spaced from the main support portion.