Rip Curl Group reports increased revenue

Industry Updates

Unaudited pro-forma revenue up over the prior year

Surfersvillage Global Surf News, 20 September, 2012 : - - Rip Curl Group is pleased to announce that unaudited pro-forma revenue and EBITDA for the 2012 financial year has increased over the prior year, in contrast to general surf industry performance. Rip Curl has identified a number of global opportunities which could complement its organic growth. We have also recently received unsolicited approaches from several international organisations which have indicated a desire to invest in our company.

In order to assess these opportunities, the Board has appointed Merrill Lynch to assist Rip Curl in exploring the opportunities available as well as assessing  he merits of introducing a third-party investor to the Group. The Board recognises that if any such investment were to occur it would need to be consistent with our objectives of ensuring our company values and brand values are respected, supporting our staff and being in the interests of our
shareholders.

Contacts: Merrill Lynch Kevin Skelton Tel: +61 2 9225 6533 David Petrie Tel: +61 3 9659 2816 Rip Curl Group Pty Ltd 101 Surfcoast Highway Torquay Victoria 3228 Australia
ACN 068 999 520

www.ripcurl.com

Source: Rip Curl

Author: The Editors

Tags: Rip Curl, Business Updates, Australasia

Industry: Surfersvillage