Beaverton, OR (15 May, 2006) – The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of thirty-one cents ($0.31) per share on the Company's outstanding Class A and Class B Common Stock payable July 3, 2006, to NIKE, Inc.'s shareholders of record at the close of business June 12, 2006.

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 Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; NIKE Bauer Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.