Cutter & Buck and New Wave Group Complete Merger

Cutter & Buck Inc. closes the previously announced transaction with New Wave Group AB. At a special meeting of shareholders held at the company's headquarters, in excess of 99 percent of the votes cast (more than 77 percent of the outstanding shares of the company's common stock) were voted in favor of the transaction. "We are pleased that our shareholders viewed the transaction with New Wave to be the right move for our company," says Ernest R. Johnson, Cutter & Buck's chief executive officer. "By completing the merger, we have put Cutter & Buck into position to move forward with a strong partner and the potential for a substantial market presence in Europe."