Crocs, Inc. Announces Six-Month Extension of Credit Facility

Crocs, Inc. (NASDAQ: CROX) announced today that it has obtained an extension for its existing credit facility with Union Bank of California N.A. The maturity date of the existing facility has been extended from April 2, 2009 to September 30, 2009. The amendment includes scheduled principle and interest payments and scheduled reductions in applied interest rate.

Union Bank of California N.A. continues to be supportive with its negotiations with Crocs. Crocs, Inc. is currently continuing negotiations with other financial institutions to arrange longer term financing.

“We are pleased with this extension as it provides us the headroom necessary to complete our restructuring plans, realign our operations and refocus the Crocs brand,” said John Duerden, President and Chief Executive of Crocs.

As of December 31, 2008, the Company had $51.6 million in cash and cash equivalents and $22.4 million in borrowings under its revolving credit facility.

About Crocs, Inc.

Crocs, Inc. is a designer, manufacturer and retailer of footwear for men, women and children under the Crocs™ brand.

All Crocs™ brand shoes feature Crocs’ proprietary closed-cell resin, Croslite™, which represents a substantial innovation in footwear. The Croslite™ material enables Crocs to produce soft, comfortable, lightweight, superior-gripping, non-marking and odor-resistant shoes. These unique elements make Crocs™ footwear ideal for casual wear, as well as for professional and recreational uses such as boating, hiking, hospitality and gardening. The versatile use of the material has enabled Crocs to successfully market its products to a broad range of consumers.

Crocs™ shoes are sold in over 100 countries and come in a wide array of colors and styles. Please visit www.crocs.com for additional information.

Forward Looking Statements

Certain information contained in this press release may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to obtain and protect intellectual property rights and other factors described in our annual report on Form 10-K under the heading "Risk Factors," and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.