Deckers Brands Mails Letter to Stockholders Highlighting Significant Support from Independent Experts

Deckers Brands (NYSE: DECK), a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, announced today that its Board of Directors is sending a letter to stockholders highlighting support from leading proxy advisory firm Glass Lewis, as well as Deckers’ sell-side analysts. The proxy statement, investor presentation and other important information related to Deckers’ 2017 Annual Meeting of Stockholders to be held on December 14, 2017, can be found on Deckers’ website at www.votedeckers.com.

Deckers’ Board of Directors unanimously recommends that stockholders vote “FOR” ALL of Deckers’ highly qualified, experienced nominees using the WHITE proxy card today.

The full text of the letter follows:

VOTE THE ENCLOSED WHITE PROXY CARD TODAY FOR DECKERS’ HIGHLY QUALIFIED DIRECTORS

December 6, 2017

Dear Fellow Stockholder:

The Annual Meeting of Deckers Stockholders is just days away — we ask that you take a moment to vote to protect the value of your investment in Deckers. Please use the WHITE proxy card to vote “FOR” ALL of Deckers’ highly qualified, experienced nominees. Since time is short, we encourage you to vote by telephone or by Internet by following the instructions on the enclosed WHITE proxy card.

As you may know, in a last-minute and desperate attempt to gain board representation, Marcato Capital Management has abandoned its previously announced strategy for a change in the composition of a majority of the Deckers Board and is now seeking any representation on the Deckers Board that it can get. Don’t be fooled: Marcato is continuing to put the value of your investment in Deckers at risk by advocating for a series of value-destructive proposals and the election of three nominees who lack the relevant skills and experience to continue our successful transformation.

Don’t let Marcato interrupt Deckers’ transformation. We have the right Board and the right plan already underway to position Deckers for the future and drive enhanced stockholder value.

LEADING INDEPENDENT PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS VOTING THE WHITE PROXY CARD FOR ALL OF DECKERS’ HIGHLY QUALIFIED DIRECTOR NOMINEES

Leading proxy advisory firm Glass Lewis recommends that Deckers stockholders vote on the WHITE proxy card for all of Deckers’ highly qualified director nominees. This reflects Glass Lewis’ belief that the right stewards for Deckers are the existing highly qualified and experienced nominees put forth by Deckers, who have already demonstrated that they have the right strategy to grow stockholder value.