Sale of Sanuk to Deckers completed

Press Release:

GOLETA, Calif.--(BUSINESS WIRE)-- Deckers Outdoor Corporation (NASDAQGS:DECK - News) today announced that on July 1, 2011 it completed its previously announced acquisition of the Sanuk® brand which includes certain assets and liabilities of Sanuk U.S.A. LLC and of C. & C. Partners, LTD., the exclusive licensee for the Sanuk brand in the United States, Europe and Canada.

Deckers President, Chief Executive Officer and Chairman of the Board of Directors Angel Martinez, said: “We are very excited to have completed this compelling acquisition and add Sanuk to our portfolio of brands. It is a young and innovative company that we believe has great growth potential both here in the United States and overseas. We look forward to working closely with the Sanuk team and utilizing Deckers’ global resources to build on the momentum they have created in the marketplace.”

Deckers Outdoor Corporation strives to be a premier lifestyle marketer that builds niche brands into global market leaders by designing and marketing innovative, functional and fashion-oriented footwear developed for both high performance outdoor activities and everyday casual lifestyle use. Teva®, UGG® Australia, TSUBO®, and Ahnu® are registered trademarks of Deckers Outdoor Corporation. For more information, please visit www.Deckers.com.