Microsoft Word - 20150903 Release of Shares from Escrow ASX ANNOUNCEMENT RELEASE OF SHARES FROM ESCROW GOLD COAST, 3 September 2015: In accordance with ASX Listing Rule 3.10A, Billabong International Limited (ASX: BBG - "the Company") announces the release of 329,268,294 shares (the "Shares") from voluntary escrow arrangements on 18 September 2015.

The Shares were issued to each of OCM Clean Wave Holdings B.V. and CCP II Dutch
Acquisition - E.B.V. pursuant to the terms of an Equity Funding Deed dated as of 18 September
2013.
The Shares are part of the existing issued share capital of the Company.
For media and investor related queries please contact Chris Fogarty on +61 420 928 824 or email: Chris.Fogarty@billabong.com.au.

TRACEY WOOD

COMPANY SECRETARY

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