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Non-Tech : OAKLEY- NYSE:OO

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To: Andrea Bornschlegel who wrote (127)	1/24/1997 1:41:00 AM
From: Razz	of 1383

Andrea; here is the item: Capital expenditures (other than for the construction of the Company's new facility) for the nine months ended September 30, 1996 totaled $13.4 million. The Company anticipates that capital expenditures (other than for the Company's new facility) will total $16.0 million for 1996, including a facility for the development and production of the X METAL line which was purchased in June 1996 for approximately $4.5 million. In April 1995, the Company purchased land for $8.2 million on which it is constructing a larger headquarters/manufacturing facility. The Company currently estimates that the cost to construct such facility will be approximately $36.0 million. The Company also anticipates incurring approximately $8.0 million of additional costs relating to the new facility, including design and engineering fees and furniture and other build-out costs. Of such amounts, $5.1 million was spent in 1995 and $13.7 million was spent in the first nine months of 1996. The remainder is expected to be spent by late 1996 or early 1997 when the Company expects to relocate to such facility.

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