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Acushnet Holdings Corp. Announces Closing of Offering of Common Stock by Selling Shareholder

November 16, 2017

FAIRHAVEN, Mass.--(BUSINESS WIRE)-- Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) today announced the closing of an offering of 9,165,542 shares of its common stock, including 833,231 shares of common stock pursuant to the full exercise of the underwriters’ option to purchase additional shares.

All 9,165,542 shares of common stock sold in the offering were sold by investment funds affiliated with Mirae Asset Global Investments Co. Ltd. (the “Selling Shareholder”) at a public offering price of $17.00 per share. Acushnet did not sell any shares of common stock in this offering and did not receive any proceeds from the sale of the shares of common stock by the Selling Shareholder. Following the closing of the offering, the Selling Shareholder no longer owns any shares of Acushnet’s common stock.

Morgan Stanley and Nomura acted as joint book-running managers for the offering.

Acushnet has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. The prospectus in that registration statement and other documents Acushnet has filed with the SEC contain more complete information about Acushnet, the Selling Shareholder and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the prospectus relating to the offering may also be obtained from the office of Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or Nomura, Attention: Equity Syndicate, Worldwide Plaza, 309 West 49th Street, 5th Floor, New York, NY 10019-7316, or by telephone at (212) 667-9562.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Acushnet’s control. Any forward-looking statement in this release speaks only as of the date of this release. Acushnet undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

About Acushnet Holdings Corp.

We are the global leader in the design, development, manufacture and distribution of performance-driven golf products, which are widely recognized for their quality excellence. Driven by our focus on dedicated and discerning golfers and the golf shops that serve them, we believe we are the most authentic and enduring company in the golf industry. Our mission—to be the performance and quality leader in every golf product category in which we compete—has remained consistent since we entered the golf ball business in 1932. Today, we are the steward of two of the most revered brands in golf—Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands.

Source: Acushnet Holdings Corp.

Media contact:

AcushnetPR@icrinc.com

Investor Contact:

IR@AcushnetGolf.com