COSTA MESA, Calif.–(BUSINESS WIRE)–June 10, 1999–Robert B. McKnight Jr., Chairman of the Board and Chief Executive Officer of Quiksilver Inc. (NYSE: ZQK), Thursday stated that management is unaware of any events or developments with respect to either the Company or its business that would account for the heavy trading volume or significant drop in share price over the last two days.

Quiksilver and its wholly-owned subsidiaries design, arrange for the manufacture of, and distribute casual sportswear, snowboardwear and swimwear primarily for young men, boys and young women under the Quiksilver, Quiksilver Roxy, Raisins, Radio Fiji, Leilani, and QS Silver Edition labels, and manufacture snowboards, snowboard boots and bindings under the Lib Tech, Gnu, Arcane and Bent Metal labels.

The Company selectively distributes its products in surf shops, snowboard shops, specialty stores and department stores in the USA, Europe and Japan.