Head Announces Year-End Dividend

(NYSE: HED)(VSX: HEAD), a leading global manufacturer and marketer of sports equipment, announced payment of a December 31, 2000 year-end dividend of euro 0.28 per share and the convocation of the 2001 Annual General Meeting of Shareholders to be held on Monday May 28, 2001. The dividend is payable to Shareholders of Record as of May 29, 2001 and is subject to Netherlands’ withholding tax of 25%. The dividend will be paid on June 6, 2001. Shareholders are reminded to consult their local tax advisor regarding the withholding tax. The Annual General Meeting of Shareholders (the “Annual Meeting”) of Head N.V. (the “Company”) will be held on Monday 28 May 2001 at 15:00 hours (Dutch time) at the Sheraton Hotel, Amsterdam Airport, Schiphol Boulevard 101, 1118 BG Schiphol Airport (Haarlemmermeer), the Netherlands. Details concerning the agenda, the right to attend, and how to exercise rights at, the Annual Meeting can be obtained on the Investor Relations page of our website, www.head.com. The Annual Meeting is not open to the press or the general public.

About Head We have a rich heritage. Founded in 1950 by inventor Howard Head, today Head NV is a leading global manufacturer and marketer of branded sports equipment serving the skiing, tennis and diving markets. We have a world-class portfolio of premium brands, which includes Head (alpine skis, ski boots and snowboard products, tennis, racquetball and squash racquets, athletic and outdoor footwear and apparel); Tyrolia (ski bindings); Penn (tennis balls and racquetballs) and Mares and Dacor (diving equipment). Our strategic focus is to target the high margin, premium segments of our markets by developing highly innovative products sold at premium prices, a policy that we call “Superior Performance through Superior Technology.” This strategic focus has driven our growth. We are a global company diversified in terms of both products and geography and one of the top suppliers of branded sports equipment to sporting goods retailers worldwide. Head offers a broad product range through over 27,000 accounts in over 80 countries. We hold leading market share positions in all three of our product categories: Winter Sports, Racquet Sports and Diving. We have a Licensing division to leverage value from and increase visibility of our brands outside the product categories covered by our product divisions. Based on our fully integrated sales, marketing and distribution units in our major markets, as well as the strength of our innovative new products, we have been able to increase our market shares. Our high performance products are used and endorsed by many of today’s top athletes.