ASX ANNOUNCEMENT COURT APPROVAL OF SETTLEMENT GOLD COAST, 7 October 2016: Billabong International Limited ("Company") announced on 11 July 2016 that it had entered into an agreement to settle the previously announced shareholder class action proceedings relating to market disclosures that occurred in 2011, with such settlement having no material financial impact on the Company's financial results at any time. That settlement was subject to Court approval.

The Company today announces that the Federal Court of Australia has approved the settlement agreement.

TRACEY WOOD

COMPANY SECRETARY

Billabong International Ltd. published this content on 07 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 October 2016 04:42:02 UTC.

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