Structure of Shareholders

Declarations of Acceptances as received from UniCredit Bank Austria

Reported onShares
April 2, 2014 10,439,226
April 9, 2014 2,688,675
April 17, 2014 1,737,200

Full details of the Offer, including a number of terms and conditions, are contained in the “Unconditional Offer to Buy Back Shares” document which can be found on our website.

Share Ownership (as of April 17, 2014)

The share capital of Head NV can be analysed as follows:

Filing EntitiesNoteNumber%Date of Filing
ECJ Foundation(1)61,089,24366.3%Mar-11
Other Shareholders(2)7,564,1648.2%
Treasury Shares
Head NV(3)23,261,34925.2%Apr-14

(1) Head Sports Holdings NV and its affiliates (including ECJ Foundation), directly and indirectly control in aggregate 61,089,243 shares in Head NV. Head Sports Holdings NV and its shareholders are controlled by Mr. Johan Eliasch, the Company's Chairman and CEO, and his family members.

(2) Other shares listed in Vienna and held as depository receipts by the Bank of New York.

(3) Head NV holds 23,261,349 shares in treasury.

(4) The Stichting is a Dutch foundation affiliated with Head NV. The shares are held in treasury.