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K-Swiss Declares Third Quarter 2008 Cash Dividend

WESTLAKE VILLAGE, Calif.-(Business Wire)-August 12, 2008 - K-Swiss Inc. (NASDAQ/GS: KSWS) announced that the Board of Directors has declared a quarterly cash dividend of $0.05 per share for the third quarter ending September 30, 2008. The dividend, which equates to an annualized rate of $0.20 per share, is payable on October 15, 2008, to shareholders of record as of September 30, 2008.

K-Swiss Inc. designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss and Royal Elastics brands. The Company also owns a controlling interest in French fashion footwear maker Palladium SAS.

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