Overview: NIKE, Inc.'s Brand Portfolio

NIKE, Inc.’s wholly-owned subsidiaries – Cole Haan, Converse Inc., Hurley International LLC, NIKE Golf, and Umbro Ltd. – play a significant role in our plan to grow to $23 billion in revenue by the end of fiscal 2011. At the end of fiscal 2008, NIKE, Inc.’s subsidiaries contributed approximately $2.6 billion of the company’s $18.6 billion in revenue, a 16 percent improvement over fiscal 2007. As part of our growth strategy, NIKE, Inc. continues to optimize its portfolio, ensuring that we invest in opportunities that will generate the highest possible returns. Adhering to this strategy, several important changes took place over the past year:

• April 17, 2008 – NIKE, Inc. completed the sale of NIKE Bauer Hockey to Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million.

• March 3, 2008 – NIKE completed the acquisition of Umbro Ltd. which Umbro shareholders accepted on January 31, 2008 for approximately $565 million.

• November 15, 2007 – NIKE announced it reached a definitive agreement to sell its Starter brand, the main business of the Exeter Brands Group, to Iconix Brand Group, Inc. for $60 million in cash. The transaction was completed in December 2007.