HEAD NV Group Announces Further Restructuring Plans and Changes in Key Personnel

At our Annual General Meeting in May 2009, we plan to propose that Mr. Gunter Hagspiel is elected by our shareholders as our Chief Financial Officer. Mr. Hagspiel has been with Head since 1996 and has held a number of positions within the group. After working for two years in Controlling at the Headquarter in Austria, he spent seven years in the US as Controller and COO. During the last three years Mr. Hagspiel held the Group Controller position. Mr. Ralf Bernhart will continue to act as our Chief Financial Officer until the time of the annual general meeting, and after the AGM he will become Deputy Chairman of the Management Board, where we will be able to continue to benefit from his considerable knowledge and experience.

As of March 1, 2009 Mr. Klaus Hotter will assume additional responsibility for Bindings and Ski Boots Production.

As part of this restructuring, Mr. Jeremy Sherwood has expanded his role to become Director of Group Sales and Marketing and Mr. Rick Lalonde has expanded his role to cover North American Wintersports as well as being General Manager Canada.

Head’s tennis ball factory in Phoenix, Arizona will close on March 5th, 2009. In January 2007 we started to manufacturing tennis balls in our new factory in China. Since this time we have been increasing the volumes produced by this factory, and we have now made the strategic decision to shut our US facility and manufacture our world wide volume from China.