K-Swiss Inc. stockholders have approved an increase of authorized shares of the Company's Class A and Class B Common Stock from 36 million and 10 million shares to 90 million and 18 million shares, respectively.

The Company also announced that its Board of Directors has declared a two-for-one split of the Company's Class A and Class B common stock for stockholders of record on December 22, 2003.

KSWS expects that its outstanding Class A common stock will begin to trade on a split-adjusted basis on December 31, 2003. On a split-adjusted basis, the company will have approximately 26,755,000 shares of Class A and 8,683,000 shares of Class B outstanding.

The Board of Directors also approved a doubling of the company’s cash dividend effective with the 2003 fourth quarter dividend. On a split-adjusted basis, the cash dividend will be increased from the annual rate of $0.04 per share to $0.08 per share.

K-Swiss Inc. stockholders have approved an increase of authorized shares of the Company's Class A and Class B Common Stock from 36 and 10 million shares to 90 and 18 million shares, respectively.

The Company also announced that its Board of Directors has declared a two-for-one split of the Company's Class A and Class B common stock for stockholders of record on December 22, 2003. The Company expects that its outstanding Class A common stock will begin to trade on a split-adjusted basis on December 31, 2003. On a split-adjusted basis, the Company will have approximately 26,755,000 shares of Class A and 8,683,000 shares of Class B outstanding.

The Board of Directors also approved a 100% increase in the Company's cash dividend effective with the 2003 fourth quarter dividend. On a split-adjusted basis, the cash dividend will be increased from the annual rate of $0.04 per share to $0.08 per share. The quarterly cash dividend of $0.02 per share will be payable on January 15, 2004, to stockholders of record as of December 31, 2003.

Steven Nichols, Chairman of the Board and President of K-Swiss, stated, “We are pleased that our financial performance has enabled us to increase the quarterly dividend for the fourth time in the last five years as well as splitting our stock for the third time in the last five years. This dividend increase reflects K-Swiss' ongoing commitment to maximizing our stockholders' investment and the confidence we have in the continued growth of K-Swiss.”