Johan Eliasch, chairman and chief executive of Head, and his family now own a larger share of Head NV through Head Sports Holdings following the exercise last March 29 of options granted under the May and September 2009 stock option plans. Amounting to a total of 12,847,179 options, they have been satisfied by the transfer of 8,876,431 shares in Head NV held by the company as treasury shares, and the issuance by Head NV of 3,970,748 new shares. As a result of this transaction, Head Sports Holdings NV and its shareholders will now control 66.28 percent of Head NV. The total number of issued shares in Head NV has gone up to 92,174,778 from 88,204,030. The total number of own shares that Head NV holds now amounts to a 0.3 percent stake. Head has also announced that Richard Hurowitz, a member of its supervisory board since May 2010, has resigned.

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