Oakley Inc. (NYSE:OO) has appointed Abbott L Brown, 56, to its board of directors.

Brown is chairman and chief executive officer of Ridgestone Corp, a private equity firm that takes active, participatory roles in the companies in which it invests.

"Abbott Brown adds a wealth of experience and business acumen to our board at a time when we are striving toward aggressive growth targets," commented Oakley chairman and chief executive officer Jim Jannard. "We look forward to his valuable contributions and outstanding financial counsel."

Prior to joining Ridgestone, Brown was a co-founder, executive and board member for Global Crossing Ltd, a global data and voice telecommunications company, from its inception in 1997 to 2000. From 1994-1998, he served as managing director and chief financial officer for Pacific Capital Group, a private merchant bank with investment activity in telecommunications, cable, health care and real estate.

Earlier in his career, Brown served as executive vice president, chief financial officer and board member at Sony Pictures Entertainment, a subsidiary of Sony Corp. (NYSE:SNE - news). Prior to Sony, he served as managing partner for Price Waterhouse's Southern California operations and worked with distinguished clients including The Walt Disney Co, Lear Siegler, Carter Hawley Hale Stores and City National Bank.

About Oakley Inc.

Oakley: a world brand, driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading, premium sunglasses, the company also offers an expanding line of premium performance footwear, apparel, accessories, watches and prescription eyewear to consumers in more than 70 countries.

Trailing 12-month revenues through March 31, 2000, totaled $272 million and generated net income of $32.1 million -- a 12 per cent net margin, excluding a one-time restructuring charge of $8.2 million. Oakley news releases, SEC filings and the company's Annual Report are available at no charge through the company's Web site at www.oakley.com.

Safe Harbor Disclaimer

This news release contains certain statements of a forward-looking nature. Such statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: risks related to the company's ability to identify qualified manufacturing partners; the ability to coordinate product development and production processes with those partners; the dependence on eyewear sales to Sunglass Hut; unanticipated changes in general market conditions or other factors which may result in cancellations of advance orders or a reduction in the rate of reorders placed by retailers; risks that the net realizable value of assets disposed of in the footwear restructuring may differ from estimates used; the ability to continue to develop and produce innovative new products and introduce them in a timely manner; the acceptance in the marketplace of the company's new products; the ability to source raw materials and finished products at favorable prices to the company; foreign currency exchange rate fluctuations; and other risks outlined in the company's SEC filings, including but not limited to the Annual Report on Form 10-K for the year ended Dec. 31, 1999, and Quarterly Report on Form 10-Q for the three-month period ended March 31, 2000. The company undertakes no obligation to update this forward-looking information.