HEAD N.V. and HTM Sport- und Freizeitgeräte AG (“HTM”), a Subsidiary of Head N.V., Announce Extension of Early Tender Date of Previously Announced Private Exchange Offer

May 12th, 2009

HEAD N.V. and HTM Sport- und Freizeitgeräte AG (“HTM”), a Subsidiary of Head N.V., Announce Extension of Early Tender Date of Previously Announced Private Exchange Offer and Consent Solicitation Relating to HTM’s €135,000,000 8½ Senior Notes due 2014.

Exchange Offer

Amsterdam – May 11, 2009 – HEAD (VSX: HEAD, U.S. OTC: HEDYY.PK), a leading global manufacturer and marketer of sports equipment, announced today that HTM, a subsidiary of Head N.V., is extending the early tender date of its previously announced private exchange offer (the “Exchange Offer”), to exchange its outstanding €135,000,000 8½% 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 €350 aggregate principal amount of the Secured Notes for each €1,000 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 Tenders of Existing Notes may not be withdrawn.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.

Lucid Issuer Services Limited is serving as exchange, information and tabulation agent in connection with the Exchange Offer. Requests by holders for information, the Offering Circular and other documents should be directed to Lucid Issuer Services Limited, Leroy House, 436 Essex Road, London N1 3QP, U.K., Telephone: +44 20 7704 0880.

About Head

HEAD Group is a leading global manufacturer and marketer of premium sports equipment.

HEAD NV’s ordinary shares are listed on the Vienna Stock Exchange (“HEAD”).

HTM is a subsidiary of Head N.V.

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), 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 Andre Agassi, Hermann Maier, Bode Miller, Amelie Mauresmo, Svetlana Kuznetsova, Novak Djokovic Andrew Murray, Ivan Ljubicic, Didier Cuche, Marco Büchel, Patrick Staudacher, Maria Riesch and Sarka Zahbrovska.

For more information, please visit our website: http://www.head.com

Analysts, investors, media and others seeking financial and general information, please contact:

Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
E mail: headinvestors@aol.com

Ralf Bernhart, Chief Financial Officer
Tel: +43 1 70 179 354
Fax +43 1 707 8940

Head N.V.
Rokin 55
NL 1012 KK Amsterdam
ISIN: NL0000238301
Stock Market: Official Market of the Vienna Stock Exchange

HTM Sport- und Freizeitgeräte AG
Tyroliaplatz 1
A 2320 Schwechat
ISIN: XS0184717956 / XS0184719143
Stock Market: Luxembourg Stock Exchange