Quiksilver, Inc. Receives Binding Offer for Rossignol

Company to Focus on Core Apparel and Footwear Brands Quiksilver,
Roxy and DC

Net Proceeds to be Used to Repay Indebtedness
HUNTINGTON BEACH, Calif.--(Business Wire)--
Quiksilver, Inc. (NYSE:ZQK) today announced that it has received a
binding offer for the acquisition of 100% of the Rossignol Group. The
offer is made by Chartreuse & Mont Blanc, headed by Bruno Cercley, a
former CEO of Rossignol. Chartreuse & Mont Blanc is majority owned by
Macquarie Group (ASX:MQG) and supported by a non-voting minority
interest by Jarden Corporation (NYSE:JAH).

The proposed transaction value is EUR 100 million, comprised of
EUR 75 million in cash and a EUR 25 million Seller's Note. It is
subject to a financing condition and customary working capital
adjustment. Quiksilver plans to use the net proceeds from the
contemplated sale to repay existing indebtedness.

The proposed transaction includes the sale of the Rossignol,
Dynastar, Look, and Lange brands of winter sports equipment and
apparel and is consistent with Quiksilver's intention, announced in
January 2008, to sell the Rossignol Group to reduce its exposure to
the winter sports equipment manufacturing business.

Robert B. McKnight, Jr., Chairman of the Board, Chief Executive
and President of Quiksilver, Inc., commented, "This offer is a
compelling transaction for Quiksilver and represents the culmination
of a thorough sale process. Once completed, we can fully concentrate
our efforts on our core apparel and footwear brands Quiksilver, Roxy
and DC."

The transaction is expected to close in Fall 2008 following
receipt of regulatory approval and completion of required employee
consultation procedures.

Quiksilver, Inc. was advised by JPMorgan.

About Quiksilver:

Quiksilver, Inc. (NYSE:ZQK) is the world's leading outdoor sports
lifestyle company, which designs, produces and distributes a
diversified mix of branded apparel, footwear, accessories and related
products. The Company's apparel and footwear brands represent a casual
lifestyle for young-minded people that connect with its boardriding
culture and heritage.

The reputation of Quiksilver's brands is based on different
outdoor sports. The Company's Quiksilver, Roxy, DC and Hawk brands are
synonymous with the heritage and culture of surfing, skateboarding and
snowboarding, and its beach and water oriented swimwear brands include
Raisins, Radio Fiji and Leilani.

The Company's products are sold in over 90 countries in a wide
range of distribution, including surf shops, skate shops, snow shops,
its proprietary Boardriders Club shops and other company-owned retail
stores, other specialty stores and select department stores.
Quiksilver's corporate and Americas' headquarters are in Huntington
Beach, California, while its European headquarters are in St. Jean de
Luz, France, and its Asia/Pacific headquarters are in Torquay,
Australia.

About Chartreuse & Mont Blanc:

Chartreuse & Mont Blanc is named after the two mountain ranges
which are home to Rossignol's two key brands: Rossignol is nestled in
the shadow of the Chartreuse mountain range and Dynastar in the shadow
of Mont Blanc. Led by Bruno Cercley, C&MB is majority owned by the
Macquarie Group and supported by a non-voting minority interest by
Jarden Corporation.

NOTE: For further information about Quiksilver, Inc., you are
invited to take a look at our world at www.quiksilver.com,
www.roxy.com, www.dcshoecousa.com, www.quiksilveredition.com,
www.hawkclothing.com.

Quiksilver, Inc.
Bruce Thomas, +1-714-889-2200
Vice President, Investor Relations

Copyright Business Wire 2008