PRESS RELEASE May 23, 2006

Global Collaboration Brings the Worlds of Sports & Music Together Like Never Before

Nike, Inc. based near Beaverton, Oregon is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Bauer NIKE Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan, which designs, markets, and distributes fine dress and casual shoes and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.

Apple, the Apple logo, Mac, Mac OS, Macintosh, iPod, iTunes and Apple Store are trademarks of Apple. Other company and product names may be trademarks of their respective owners.