Under Armour, Inc.

Code of Ethics

On February 15, 2016, amendments to Under Armour’s Code of Ethics and Business Conduct (the “Code”) became effective. The revised Code includes general updates to align the Code with the increasingly global nature of our business and reformats the Code generally, providing an easier reading experience for those subject to the Code.

With respect to the provisions of the Code addressing matters required to be included in a “code of ethics” under relevant SEC and NYSE regulations, certain textual edits were made to these provisions but we consider them to be of a non-substantive nature. The revised Code can be accessed by the link below.

Code of Conduct