HEAD N.V. Extends Debt Exchange Offer

June 4, 2009
SGB Update

Head N.V. said its subsidiary, HTM, is extending the early tender date of its previously announced private exchange offer (the “Exchange Offer”), to exchange its outstanding €135,000,000 ($191.5 million) 8.5% Senior Notes due 2014 (the “Existing Notes”) for its new 10% Senior Secured Notes due 2014 (the “Secured Notes”) until 5:00 p.m., London time, on June 19, 2009. The early tender date and the expiration date were previously 5:00 p.m., London time, on June 5, 2009.

As a result of the extension of the early tender date and the
expiration date, eligible holders of Existing Notes who validly tender
their Existing Notes in the Exchange Offer on or prior to 5:00 p.m.,
London time, on June 19, 2009, unless extended will receive EUR350
aggregate principal amount of the Secured Notes for each EUR1,000
principal amount of Existing Notes exchanged. The withdrawal date for
the Exchange Offer remains 5:00 p.m., London time, on May 11, 2009 and
has passed. Any tenders made after such date may not be withdrawn. HTM
may terminate or withdraw the Exchange Offer at its sole discretion, at
any time and for any reason.

The Exchange Offer is being made within the United States only to “qualified institutional buyers” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to persons located outside of the United States and who would be participating in any transaction in accordance with Regulation S. The Secured Notes to be offered have not been registered under the Securities Act and may not be offered or sold in the United States absent an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy Existing Notes or Secured Notes in any jurisdiction in which such an offer or sale would be unlawful.

The Exchange Offer is not being made and will not be made, directly or indirectly, in or into the Republic of Italy, whether by mail or by any means or other instrument (including, without limitation, telephonically or electronically) or any facility of a national securities exchange publicly or privately available in the Republic of Italy.

HTM's obligation to accept any Existing Notes tendered and to pay the applicable consideration for them is set forth solely in the Offering Circular dated April 21, 2009, as supplemented by the Supplement thereto dated May 7, 2009 (together, the “Offering Circular”). The Exchange Offer is made only by, and pursuant to, the terms set forth in the Offering Circular, and the information in this press release is qualified by reference to the Offering Circular. Subject to applicable law, HTM may amend, extend or terminate the Exchange Offer.

HEAD N.V. Extends Debt Exchange Offer

May 12, 2009
SGB Update

Head N.V. said its subsidiary, HTM, is extending the early tender date of its previously announced private exchange offer (the “Exchange Offer”), to exchange its outstanding EUR135,000,000 8.5% Senior Notes due 2014 (the “Existing Notes”) for its new 10% Senior Secured Notes due 2014 (the “Secured Notes”) until 5:00 p.m., London time, on May 22, 2009. The early tender date was previously 5:00 p.m., London time, on May 11, 2009.

As a result of the extension of the early tender date, eligible holders of Existing Notes who validly tender their Existing Notes in the Exchange Offer on or prior to 5:00 p.m., London time, on May 22, 2009, unless extended will receive EUR350 aggregate principal amount of the Secured Notes for each EUR1,000 principal amount of Existing Notes exchanged. Tenders of Existing Notes may not be withdrawn. HTM may terminate or withdraw the Exchange Offer at its sole discretion, at any time and for any reason.

The Exchange Offer is being made within the United States only to “qualified institutional buyers” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to persons located outside of the United States and who would be participating in any transaction in accordance with Regulation S. The Secured Notes to be offered have not been registered under the Securities Act and may not be offered or sold in the United States absent an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy Existing Notes or Secured Notes in any jurisdiction in which such an offer or sale would be unlawful.

The Exchange Offer is not being made and will not be made, directly or indirectly, in or into the Republic of Italy, whether by mail or by any means or other instrument (including, without limitation, telephonically or electronically) or any facility of a national securities exchange publicly or privately available in the Republic of Italy.

HTM's obligation to accept any Existing Notes tendered and to pay the applicable consideration for them is set forth solely in the Offering Circular dated April 21, 2009, as supplemented by the Supplement thereto dated May 7, 2009 (together, the “Offering Circular”). The Exchange Offer is made only by, and pursuant to, the terms set forth in the Offering Circular, and the information in this press release is qualified by reference to the Offering Circular. Subject to applicable law, HTM may amend, extend or terminate the Exchange Offer.

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