Quiksilver, Inc. has successfully completed its tender offer for the outstanding share capital of Skis Rossignol S.A. Quiksilver acquired approximately 6.0 million shares during the offering period for EUR 19.00 per share, and at the anticipated July 26, 2005 closing of the transaction, expects to directly or indirectly own approximately 94% of the issued share capital of Rossignol with just over 95% of the voting rights. Quiksilver also announced that the tender offer will be reopened on July 25, 2005 for an additional 15 days to address the remaining outstanding shares. In the event the company acquires an additional 1% of the issued share capital, it is expected to proceed to the mandatory squeeze out to obtain the remaining issued shares.

Bernard Mariette, President of Quiksilver, Inc., commented, “We are very pleased to have received the support of the Rossignol shareholders in our mission to create the world's number one outdoor company. We expect the combination of these two great businesses to be powerful, and we are looking forward to moving ahead quickly with our integration plans to demonstrate our potential for growth and increasing value over both the near and long term.”

Quiksilver anticipates completing on Friday its private placement of ten-year senior notes to facilitate financing the Rossignol acquisition. While the offering was initially planned to raise $350 million, strong demand enabled the company to upsize the over-subscribed offering to $400 million at a coupon rate of 6.875%.