Exhibit 99.5

NEWS RELEASE

	Contacts:	Dudley W. Mendenhall, 760-494-1000 or Integrated Corporate Relations, Inc. Investor Relations: Andrew Greenebaum/Chad Jacobs (310) 395-2215/ (203) 222-9013 Media Relations: John Flanagan/Mike Fox (203) 222-9013
	K2 Inc. Announces Pricing of Its Equity Offering Carlsbad, California – June 25, 2004. K2 Inc. (NYSE: KTO) announced today that it has agreed to sell 6.0 million shares of its common stock to a group of underwriters led by J.P. Morgan Securities Inc. (with an over-allotment option to sell an additional 900,000 shares). The shares will be resold at a public offering price of $15.50 per share. The sale is being made pursuant to one of K2’s existing shelf registration statements previously filed with and declared effective by the Securities and Exchange Commission. Due to strong demand from investors, the size of the offering was increased from $75.0 million to $93.0 million ($107.0 million with the over-allotment option). K2 intends to use the proceeds of the offering, along with other sources, to finance the previously announced acquisitions of three leading companies in winter sports and outdoor apparel: Völkl Sports, Marker Group and Marmot Mountain Ltd. The common stock offering is expected to close on July 1, 2004. This announcement does not constitute an offer to sell or the solicitation of an offer to buy such securities in any jurisdiction in which such an offer or sale would be unlawful. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from J.P. Morgan Securities Inc., 277 Park Avenue, New York, NY 10172 (212-622-5770). About K2 Inc. K2 Inc. is a premier, branded consumer products company with a portfolio of leading brands including Rawlings, Worth, Shakespeare, Pflueger, Brass Eagle, Worr Games, Stearns, K2, Ride, Olin and Morrow, Tubbs, and Atlas. K2’s diversified mix of products is used primarily in team and individual sports activities such as baseball, softball, fishing, paintball, watersports activities, alpine skiing, snowboarding, snowshoeing, in-line skating and mountain biking. Among K2’s other branded products are K2 Licensing & Promotions, Dana Design backpacks, Planet Earth apparel, and Adio and Hawk skateboard shoes. Rawlings, Worth, Shakespeare, Pflueger, Brass Eagle, Stearns, K2, Ride, Olin, Morrow, Tubbs, Atlas, K2 Licensing and Promotions, Dana Designs, Planet Earth, Adio and Hawk skateboard shoes, JT, and Worr Games are trademarks or registered trademarks of K2 Inc. or its subsidiaries in the United States or other countries. Safe Harbor Statement This news release includes forward-looking statements. K2 cautions that these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to K2’s ability to successfully execute its acquisition plans and growth strategy, integration of its recent merger with Rawlings Sporting Goods Company, Inc. and other acquired businesses, weather conditions, consumer spending, continued success of manufacturing in China, global economic conditions, product demand, financial market performance, and other risks described in the company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and current reports on Form 8-K, each as filed with the Securities and Exchange Commission. The company cautions that the foregoing list of important factors is not exclusive, any forward-looking statements included in this news release is made as of the date of this news release, and the company does not undertake to update any forward-looking statement.