BEAVERTON, Ore. (17 November, 2006) - The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of thirty seven cents ($0.37) per share on the company's outstanding Class A and Class B Common Stock.

The 37-cent quarterly dividend, which is payable January 2, 2007 to shareholders of record at the close of business December 11, 2006, is a 19 percent increase over the previous quarterly rate of $0.31 per share.

“We are very pleased to increase our cash payout to shareholders for the fifth consecutive year" said Mark Parker, Nike, Inc. President and Chief Executive Officer. "Over the last five years, our dividend has nearly tripled. This demonstrates our ongoing commitment to delivering shareholder value and reflects our confidence in the Company's cash flow generation, solid balance sheet and long-term growth prospects.”*

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.

* The marked paragraph contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the S.E.C., including Forms 8-K, 10-Q, and 10-K.