Urban Outfitters, Inc. announced a two-for-one split of its common stock. This split will be made in the form of a stock dividend of one share of its common stock for each share outstanding. The additional shares issued as a result of the stock split will be distributed on or about September 23, 2005 to shareholders of record on September 6, 2005. After giving effect to the split, the company will have approximately 164.3 million shares outstanding.

“We are pleased to authorize this two-for-one stock split,” said Richard A. Hayne, chairman and president of Urban Outfitters, Inc. “It affirms our belief in the Company's short and long term growth opportunities and reflects our confidence in our ability to deliver superior results.”