PLAN OF SHARE EXCHANGE


                              EXCHANGING SHARES OF
                           COLUMBIA SPORTSWEAR COMPANY
                            FOR ALL OF THE SHARES OF
                                    GTS, INC.

     1. Parties. The names of the corporations proposing to exchange shares are
Columbia Sportswear Company, an Oregon corporation ("Columbia"), and GTS, Inc.,
an Oregon corporation ("GTS"). Columbia will acquire all of the GTS Capital
Stock in the share exchange (the "Exchange").

     2. Terms and Conditions. Upon consummation of the Exchange (the "Effective
Time"), Columbia will acquire all of the outstanding capital stock of GTS, and
the shareholders of GTS will receive shares of nonvoting Common Stock of
Columbia, as set forth in paragraph 3, in the manner and with the effect
provided by the Oregon Business Corporation Act.

     3. Exchange for Columbia Nonvoting Common Stock. Columbia, the acquiring
corporation, has issued one class of capital stock, divided into voting and
nonvoting Common Stock. GTS has issued one class of capital stock, divided into
voting and nonvoting Common Stock. The manner and basis of exchanging the shares
of capital stock of GTS and Columbia shall be as follows:

          Each of the 6,220 shares of GTS voting Common Stock outstanding
immediately before the Effective Time shall by virtue of the Exchange be
exchanged for 5.72 shares Columbia nonvoting Common Stock, and each of the
61,980 shares of GTS nonvoting Common Stock outstanding immediately before the
effective time shall by virtue of the Exchange be exchanged for 5.35 shares of
Columbia nonvoting Common Stock.

                                        1