Forth + Towne will launch in four test stores in the Chicago market and
one in New York in the fall of 2005.'s newest brand will offer
fashionable apparel and accessories, targeting women over the age of 35. Gap Inc. McKnight, Jr. These
forward-looking statements are subject to risks and uncertainties, and
actual results may differ materially.

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Quiksilver's products are sold throughout the world,
primarily in surf shops, skate shops and other specialty stores that
provide an authentic retail experience for our customers.

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President and Chief Executive Officer, at the company's
investor update meeting.

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com,
http://www.

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Forth + Towne represents the newest concept in
Gap Inc. Furthermore , by increasing the number of
shares we expect to improve the liquidity of our common stock and
place the market price in a more attractive range for investors.

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(NYSE: GPS)
today unveiled that Forth + Towne is the name of the company's new women's
apparel retail concept."
Announced on September 15, 2004, Gap Inc.
Gap Inc. operates about 3,000 stores in the United States,
the United Kingdom , Canada, France and Japan.
Quiksilver's primary focus is apparel, footwear and related
accessories for young men and young women under the Quiksilver, Roxy,
DC Shoes, Raisins, Radio Fiji and Island Soul labels.

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Fourth Brand to Become Shopping Destination for Women

SAN FRANCISCO , Gap Inc., stated, "We believe the Board's decision underscores
our strong track record of growth and reflects our confidence in the
potential of our business. Quiksilver also
manufactures apparel , footwear and related accessories for boys
(Quiksilver Boys and Hawk Clothing), girls (Roxy Girl , Teenie Wahine
and Raisins Girls), men (Quiksilveredition and Fidra) and women
(Leilani swimwear ), as well as snowboards, snowboard boots and
bindings under the Lib Technologies, Gnu, DC Shoes, Roxy and Bent
Metal labels.

NOTE: For further information about Quiksilver, Inc.com

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(NYSE:ZQK) today announced that the Board of
Directors has approved a two-for-one stock split of the Company's
common shares, subject to stockholder approval of the amendment of the
Company 's Certificate of Incorporation, which is expected at today's
Annual Meeting of Stockholders.com and
http://www.

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Business Editors

HUNTINGTON BEACH, Calif.quiksilveredition.hawkclothing .

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3 billion.----March 24,
2005--Quiksilver, Inc.

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For more information, please
visit gapinc., Chairman and Chief Executive Officer of
Quiksilver, Inc.quiksilver.

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"We created an address with the name 'Forth + Towne,' because we wanted it
to evoke a sense of place -- to signify a special and unique shopping
destination," explained Gary Muto President, Forth + Towne. is a leading international specialty retailer offering clothing,
accessories and personal care products for men, women, children and babies
under the Gap, Banana Republic and Old Navy brand names.com.

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Quiksilver Inc. Announces Two-for-One Stock Split

"

About Quiksilver:

Quiksilver designs, produces and distributes clothing, accessories
and related products for young-minded people and develops brands that
represent a casual lifestyle-driven from a boardriding heritage.com,
http://www.

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," said Paul
Pressler Gap Inc.

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"'Forth'
references our fourth brand, and 'Towne' conveys a sense of community that we
want to create for our customers when they shop with us.
The split will be effected by issuing one additional share of
common stock for every share of common stock held.

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Gap Inc. Introduces 'Forth + Towne'

A
rapidly growing segment of the population, this group's spending power
accounts for about 39 percent of women's total apparel expenditures.

Investor Relations: Media Relations:
Mark Webb Kris Marubio
415-427-2161 415-427-1798

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's family of brands, which includes Gap, Banana Republic and Old Navy .
"Launching the brand Forth + Towne, which focuses on women over age 35,
represents an important long-term growth opportunity for Gap Inc.

Safe Harbor Language

This Press Release contains forward-looking statements.

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About Gap Inc.

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It will offer a broad range of sizes,
with a focus on fit, and assortments that serve a variety of occasions. Fiscal 2004 sales
were $16. The additional
shares will be distributed on May 11, 2005, to holders of record at
the close of business on April 27, 2005.
Quiksilver's authenticity is evident in its innovative products,
events and retail environments across the globe., you are
invited to take a look at our world at http://www .

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Niche shopping meets needs that are defined by who we are -- shopping for our lifestyles , our particular personal needs, or our philosophies of life.

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Robert B.

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Please refer to Quiksilver 's SEC
filings for more information on the risk factors that could cause
actual results to differ materially from expectations, specifically
the section titled "Forward Looking Statements" in Quiksilver 's Annual
Report on Form 10-K.

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