adidas-Salomon and Reebok Announce Expiration of Hart-Scott-Rodino Waiting Period for Proposed Acquisition

On August 3, 2005 adidas-Salomon and Reebok announced that theirBoards of Directors had unanimously approved a definitive agreementunder which adidas-Salomon would acquire all of the outstanding sharesof Reebok for U.S. $59.00 per share in cash. The transaction value isapproximately EUR 3.1 billion (U.S. $3.8 billion) including theassumption of Reebok's net cash position.

As previously announced, the transaction is subject to customaryclosing conditions and regulatory approvals as well as authorizationby Reebok shareholders. The companies believe that the transactionwill close in the first half of 2006.

About adidas-Salomon AG

adidas-Salomon is one of the global leaders within the sportinggoods industry and offers a broad range of products with brands suchas adidas and TaylorMade in its portfolio. Excluding the Salomonbusiness segment, which is planned for divestiture in mid-October, theadidas Group had 14,217 employees and reached sales of EUR 5.9 billionin 2004. The Group's net income attributable to shareholders fromcontinuing and discontinued operations reached EUR 314 million in2004.

About Reebok International Ltd.

Reebok International Ltd. (NYSE: RBK), headquartered in Canton,MA, is a leading worldwide designer, marketer and distributor ofsports, fitness and casual footwear, apparel and equipment under theReebok, Rockport, CCM, Jofa, Koho and Greg Norman brands. Sales for2004 totaled approximately $3.8 billion. Reebok can be accessed on theWorld Wide Web at www.reebok.com.

Forward-Looking Statements

The statements, analyses, and other information contained hereinrelating to the proposed merger and anticipated synergies, savings andfinancial and operating performance, including estimates for growth,trends in each of adidas-Salomon's and Reebok's operations andfinancial results, the markets for adidas's and Reebok's products, thefuture development of adidas's and Reebok's businesses, and thecontingencies and uncertainties to which adidas and Reebok may besubject, as well as other statements including words such as"anticipate," "believe," "plan," "estimate," "expect," "intend,""will," "should," "may," and other similar expressions, are"forward-looking statements" under the Private Securities LitigationReform Act of 1995. Such statements are made based upon management'scurrent expectations and beliefs concerning future events and theirpotential effects on the company.

Future events and their effects on adidas and Reebok may not bethose anticipated by management. Actual results may differ materiallyfrom the results anticipated in these forward-looking statements.Risks and uncertainties include, without limitation, the following:international, national and local general economic and marketconditions; unanticipated shifts in consumer preferences in athleticfootwear, apparel and hardware; competition; the ability to maintainadvantageous licenses with our licensors; risks associated with ourinternational sales, distribution and manufacturing; increases in rawmaterial prices; our ability to manage and forecast our growth andinventories; the loss of significant customers and suppliers; theeffect of currency fluctuations; responsiveness to existing and newproducts and distribution channels; the ability to achieve the costsavings and synergies contemplated by the proposed merger; the effectof regulatory conditions, if any, imposed by regulatory agencies; thereaction of Reebok's and adidas's customers and suppliers to thetransaction; the ability to promptly and effectively integrate thebusinesses of Reebok and adidas; diversion of management time onmerger-related issues; and increased exposure to exchange ratefluctuations.

Neither adidas nor Reebok undertakes, and each specificallydisclaims, any obligation to update or revise any forward-lookinginformation, whether as a result of new information, futuredevelopments or otherwise.

Important Legal Information

This communication is being made in respect of the proposed mergerinvolving adidas and Reebok. In connection with the proposed merger,Reebok has filed a preliminary proxy statement on September 21, 2005.Before making any voting or investment decision, Reebok's stockholdersand investors are urged to read the definitive proxy statementregarding the merger and any other relevant documents carefully intheir entirety when they become available because they will containimportant information about the proposed transaction. The preliminaryproxy statement on file with the SEC and the definitive proxystatement and other documents to be filed with the SEC will beavailable free of charge at the SEC's website, www.sec.gov.Stockholders and investors in Reebok will also be able to obtain theproxy statement and other documents free of charge by directing theirrequests to: Office of Investor Relations, Reebok International Ltd.,1895 J.W. Foster Boulevard, Canton, MA 02021.

Reebok and its directors, executive officers and other members ofmanagement may be deemed to participate in the solicitation of proxiesin respect of the proposed transactions. Information regardingReebok's directors and executive officers is available in Reebok'spreliminary proxy statement for its 2005 annual meeting ofstockholders, which was filed with the SEC on March 8, 2005.Additional information regarding the interests of such potentialparticipants is included in the preliminary proxy statement on filewith the SEC and will be included in the definitive proxy statementwhen it becomes available.