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To: Jane4IceCream who wrote (32746)	12/22/1998 11:42:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 119973

Buy more beach shoes! Reebok to Take Fourth Quarter Charge Business Wire - December 22, 1998 16:46 STOUGHTON, Mass.--(BUSINESS WIRE)--Dec. 22, 1998--Reebok International Ltd. (NYSE:RBK) announced today that it expects to take certain charges in its 1998 fourth quarter which will reduce net earnings by approximately $10.0 million or $.18 per share. The charges consist of an adjustment in the carrying value of its joint venture investment in Brazil, severance expenses relating to the restructuring of certain business units, and the bankruptcy of one of the Company's independent distributors. The Company noted these actions were necessary due to the difficult economic conditions in various regions of the world and the current industry slowdown affecting many athletic footwear and apparel companies. Paul Fireman, Chairman and Chief Executive Officer of Reebok International Ltd. stated that, "The industry is definitely going through some difficult times. We have been making the necessary adjustments to address the current business climate and we are prepared to do what is necessary to position the Company to return to greater profitability in the future." Reebok International Ltd., headquartered in Stoughton, MA, is a leading worldwide designer, marketer and distributor of sports, fitness and casual footwear, apparel and equipment under the Reebok, Rockport, and Greg Norman Brands and footwear under the Ralph Lauren/Polo Sport Brand. Sales for 1997 totaled approximately $3.6 billion. CONTACT: Reebok International Ltd. Neil Kerman, 781/401-7152 (Investor Contact) or Dave Fogelson, 781/401-7792 (Media Contact)