Oakley appoints three outside directors.

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 25, 1995--Oakley Inc. (NYSE:OO) Monday announced the appointment of three outside directors to its board of directors.

The company has appointed Irene R. Miller, Vice Chairman and Chief Financial Officer of Barnes & Noble Inc., Orin C. Smith, President and

Miller joined Barnes & Noble in January 1991 as Senior Vice President, Corporate Finance, became Executive Vice President and Chief Financial Officer in September 1993 prior to Barnes & Noble's initial public offering, was appointed to the company's board of directors in May 1995 and became Vice Chairman of the board in September 1995. Prior to joining Barnes & Noble, Miller worked for a decade in the securities industry at Morgan Stanley & Co. and Rothschild Inc.

Smith joined Starbucks in 1990 as Chief Financial Officer and Chief Administrative Officer and was named President and Chief Operating Officer in 1994. Smith has overseen Starbucks' tremendous growth from 45 retail locations to over 650 locations nationwide. Prior to joining Starbucks, Smith was Executive Vice President and Chief Financial and Administrative Officer of Danzas USA, a subsidiary of Europe's largest transportation company.

Jordan has achieved one of the most extraordinary records in professional sports during his career with the Chicago Bulls and will be starting his 11th season with the Bulls this year. Among other achievements, Jordan was voted Most Valuable Player of the National Basketball Association in 1988, 1991 and 1992. He also captured the NBA's scoring title in seven consecutive seasons from 1987 through 1993. Prior to joining the Chicago Bulls, Jordan was an All American player at the University of North Carolina, from which he graduated in 1986.

"We are very excited about the expertise that each of our new directors will provide and are proud that each has become a believer in Oakley and has made a substantial investment in our stock," noted Jannard. "We are also pleased that Michael Jordan has chosen Oakley for his first public company directorship and are glad to have Michael on the Oakley team."

The company concluded its initial public offering of 11,500,000 shares of common stock in August 1995. Oakley is an innovation-driven designer, manufacturer and distributor of high-performance sunglasses and goggles.

CONTACT: Oakley Inc.

Link Newcomb, 714/951-0991