Crocs Complies With NASDAQ Marketplace Rule 4350(b)(1)(B)

Crocs, Inc. (NASDAQ: CROX) today announced that its consolidated financial statements for the fiscal year ended December 31, 2008, included in the Company�s annual report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2009, are accompanied by an unqualified audit opinion from the Company�s independent registered public accounting firm, Deloitte & Touche LLP, which has been modified to contain an explanatory paragraph that raises substantial doubt about the Company�s ability to continue as a going concern. This announcement is being made in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of a recent audit opinion that contains a going concern modification opinion. This announcement does not represent any change or amendment to the Company�s 2008 financial statements or to its annual report on Form 10-K.

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, which matures on April 2, 2009. The company is in discussions on extending the current credit facility and are currently negotiating with financial institutions to obtain an asset backed lending arrangement. The company may also explore other sources for capital to meet ongoing needs.

In the year ended December 31, 2008, the Company incurred losses of $185.1 million, experienced declines in revenue and incurred one time charges related primarily to restructuring activities. The Company took significant cost cutting measures during 2008 and intends to continue its cost cutting actions throughout 2009. The Company has generated positive cash flows from operating activities for each of the last three years.

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 100 countries and come in a wide array of colors and styles. Please visit www.crocs.com for additional information.

Forward-looking statements

The matters regarding the future discussed in this news release include �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to our cost structure, future cost cutting initiatives, asset backed loan negotiations and sufficiency of our cash resources and cash flows. 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, the following: macroeconomic issues, including, but not limited to, the current global financial crisis; our ability to obtain adequate financing; our significant recent expansion; changing fashion trends; our defense and the ultimate outcome of a pending class action lawsuit; our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in our operating results; our management and information systems infrastructure; our ability to obtain and protect intellectual property rights; our reliance on third party manufacturing and logistics providers for the production and distribution of products; our limited manufacturing capacity and distribution channels; our reliance on a single source supply for certain raw materials; inherent risks associated with the manufacture, distribution and sale of our products overseas; our reliance on market acceptance of the small number of products we sell; our ability to develop and sell new products; our limited operating history; our ability to accurately forecast consumer demand for our products; our ability to maintain effective internal controls; our ability to attract, assimilate and retain management talent; retail environment; our ability to effectively market and maintain a positive brand image; the effect of competition in our industry; the effect of potential adverse currency exchange rate fluctuations; and other factors described in our annual report on Form 10-K for the year ended December 31, 2008 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. We do not undertake any obligation to update publicly any forward-looking statements, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events, or otherwise.

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