HEAD NV Announces record and payment date for capital repayment

August 21st, 2007

According to the resolution approved at the last Annual General Meeting of Shareholders of Head N.V. on May 30th, 2007, the Company amended the Articles of Association to reduce the nominal value of the shares from Euro 0.20 to Euro 0.01 and as a consequence will make a payment of Euro 0.19 per share to its shareholders.

The capital repayment is payable to Shareholders on record as of August 30th, 2007. The euro payment date will be September 4th, 2007. The ex-date for the Head N.V. shares will be August 28th, 2007.