NIKE, Inc. Increases Quarterly Dividend Eight Percent to $0.27 Per Share

NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.27 per share on the Company’s outstanding Class A and Class B Common Stock. The $0.27 quarterly dividend, which is payable on January 4, 2010 to shareholders of record at the close of business on December 7, 2009, represents an eight percent increase over the previous quarterly rate of $0.25 per share.

“We are pleased to increase our dividend for the eighth year in a row,” said Mark Parker, President and CEO of NIKE, Inc. “Over the last five years we have more than doubled our annual dividend and paid out over $1.8 billion to shareholders – reflecting our commitment to delivering value to shareholders and our on-going confidence in the business.”

About NIKE, Inc.

NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; and Umbro Ltd., a leading United Kingdom-based global football (soccer) brand. For more information, Nike’s earnings releases and other financial information are available on the Internet at www.nikebiz.com/investors.