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NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA AND JAPAN HEAD N.V. HEAD N.V. ANNOUNCES THE WITHDRAWAL OF THE RIGHTS OFFERING LAUNCHED ON THE 11th FEBRUARY 2011. Amsterdam – February 17, 2011. Head N.V. (the Company or Head) announces that it has withdrawn the rights offering of up to 199,958,536 new preference shares with a nominal value of €0.01 each (the Offer Shares and the Offering, respectively). All subscriptions for Offer Shares will be disregarded. Since it was announced on Friday the 11th of February, the Offering has not been well received and the number of eligible shareholders who have exercised their entitlement to subscribe for Offer Shares has been lower than anticipated. This has prompted the management board to withdraw the Offering. The Company will consider available sources of funding as and when necessary. Rokin 55, 1012 KK Amsterdam, The Netherlands Telephone: +31 20 625-1291 Facsimile: +31 20 521 4822 E-Mail: [email protected] About Head Head N.V. is a leading global manufacturer and marketer of premium sports equipment. Head N.V.’s ordinary shares are listed on the Vienna Stock Exchange. Our business is organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. We sell products under the Head (tennis, squash and racquetball racquets, tennis balls, tennis footwear, badminton products, alpine skis, ski bindings and ski boots, snowboards, bindings and boots, helmets and protection wear), Penn (tennis and racquetball balls), Tyrolia (ski bindings), and Mares/Dacor (diving equipment) brands. We hold leading positions in all of our product markets and our products are endorsed by some of the world’s top athletes including; Skiers: Bode Miller, Didier Cuche, Aksel Lund Svindal, Ted Ligety, Werner Heel, Kjetil Jansrud, Patrick Staudacher, Johann Grugger, Hermann Maier, Franz Klammer, Jon Olsson, Lindsey Vonn, Maria Riesch, Anja Parson, Elisabeth Gorgl, Sarka Zahrobska Tennis players: Novak Djokovic, Andy Murray, Robin Soderling, Mikhail Youzhny, Marin Cilic, Svetlana Kuznetsova, Victoria Azarenka, Andre Agassi, Guillermo Vilas, Ilie Nastase, Bjorn Borg, Mansour Bahrami. NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA AND JAPAN DISCLAIMER Not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, Australia, Canada or Japan or any other jurisdiction in which such release, publication or distribution would be unlawful. This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy the securities of Head N.V. (such securities, the Securities) in the United States, Australia, Canada, Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. No action has been taken by Head N.V. that would permit an offer of Securities or the possession or distribution of this announcement or any other offering or publicity material relating to such Securities in any jurisdiction where action for that purpose is required. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed, should inform themselves about, and observe such restrictions. No reliance may be placed for any purpose whatsoever on the information in this announcement or its completeness. None of the Company, its directors, officers, employees or advisors nor any other person (i) makes any representation or warranty, express or implied, as to, and accordingly no reliance should be placed on, the fairness, accuracy or completeness of, the information contained in this announcement or of the views given or implied; and (ii) shall have any liability whatsoever for any errors or omissions or any loss howsoever arising, directly or indirectly, from this announcement or its contents. This announcement includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this announcement, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will” and similar terms and phrases, including references to assumptions, as they relate to Head N.V., its management or third parties, identify forward-looking statements. Forward-Looking statements include statements regarding Head N.V.’s business strategy, financial condition, results of operations, and market data, as well as any other statements that are not historical facts. These statements reflect beliefs of Head N.V.’s management as well as assumptions made by its management and information currently available to Head N.V. Although Head N.V. believes that these beliefs and assumptions are reasonable, the statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. This announcement is not a prospectus. Nothing in this announcement constitutes an offer of Securities in the United States or in any other jurisdiction. .