By Press Release

January 18, 2001

HUNTINGTON BEACH, CALIFORNIA, January 14, 2000 (NYSE:ZQK) Quiksilver is proud to announce its first Roxy Snow Classic on Sunday, February 18, 2001, at Big Bear Mountain Resort. This snowboard event, which is a scaled-down version of the professional courses, gives females of all ages and skill levels an opportunity to participate in a fun, non-competitive environment. The eight-gate course will be built in the Quiksilver Terrain Park where participants and their families can watch from the base area. �Much like our Roxy Surf Jams, events like these give girls a chance to experience the spirit of Roxy and the camaraderie of other female athletes,� said Randy Hild, Roxy Senior Vice-President of Marketing.

The Roxy Snow Classic starts at 8 a.m. Registration packets are available online at www.bearmtn.com. The entry fee is $35 for all ages and includes an all-day lift ticket, lunch and a goodie bag. Season pass holders are $6 which includes lunch and a goodie bag. Space is limited. The registration deadline is February 16, 2001.

Quiksilver designs, produces and distributes clothing, accessories and related products for active-minded people and develops brands that represent a casual lifestyle � driven from a boardriding heritage. Quiksilver�s authenticity is evident in its innovative products, events and retail environments across the globe.

Quiksilver�s primary focus is apparel for young men and young women under the Quiksilver, Quiksilver Roxy, Raisins, Radio Fiji and Hawk Clothing labels. Quiksilver also manufactures apparel for boys (Quiksilver Boys and Hawk Clothing), girls (Teenie Wahine and Raisins Girls), men (QS Silver Edition) and women (Leilani and Alex Goes), as well as snowboards, snowboard boots and bindings under the Lib Technologies, Gnu and Bent Metal labels. Quiksilver�s products are sold throughout the world, primarily in surf shops and specialty stores that provide an outstanding retail experience for their customers.