Vista Outdoor Sets The Record Straight

Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor” or “we”) today issued the below statement in response to MNC Capital to set the record straight:

MNC Capital (“MNC”) misled investors today by claiming that it needs Vista Outdoor’s approval in order to make a tender offer. We want to set the record straight -- MNC is not subject to any restrictions from Vista Outdoor that would require Vista Outdoor to consent to MNC making an unsolicited tender offer.

For the avoidance of doubt, the Vista Outdoor Board has already rejected MNC’s proposal. Vista Outdoor does not support MNC’s proposal and firmly believes that the transaction with Czechoslovak Group a.s. (“CSG”) is superior. Vista Outdoor continues to strongly recommend the CSG transaction, which can close in early August after receipt of Vista Outdoor stockholder approval at the July 30 special meeting.

About Vista Outdoor Inc.

Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Revelyst Outdoor Performance, Revelyst Adventure Sports, Revelyst Precision Sports Technology (combined “Revelyst”) and The Kinetic Group, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com.

Forward-Looking Statements

Some of the statements made and information contained in this press release, excluding historical information, are “forward-looking statements,” including those that discuss, among other things: Vista Outdoor Inc.’s (“Vista Outdoor”, “we”, “us” or “our”) plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words “believe,” “expect,” “anticipate,” “intend,” “aim,” “should” and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995.