At a Special Meeting of Shareholders held Wednesday, Reebok’s shareholders approved Reebok International's previously announced merger agreement with adidas-Salomon AG. More than 98% of the votes cast were voted in favor of the transaction.

“We are extremely pleased with the outcome of today’s vote and appreciate the support of our shareholders,” said Paul Fireman, Chairman and CEO of Reebok. “The combination of Reebok and adidas is truly compelling. All of us at Reebok look forward to working with the adidas team to fully realize the opportunities that lie ahead.”

“We are pleased that Reebok’s shareholders have fully endorsed our transaction,” said adidas-Salomon AG Chairman and CEO, Herbert Hainer. “This is an enormous opportunity to combine two of the most respected and well-known brands in the worldwide sporting goods industry. An integration plan that leverages the talents and expertise of both companies is underway. We look forward to the exciting benefits of this transaction.”

Under the terms of the agreement announced on August 3, 2005, Reebok shareholders will receive U.S. $59.00 per share in cash upon close of the transaction for an approximate transaction value of €3.1 billion (U.S. $3.8 billion). adidas-Salomon AG and Reebok have received the approvals required to complete the transaction, which is expected to close on January 31, 2006.