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


FAIRHAVEN, Mass.–(BUSINESS WIRE)–Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) today announced the
pricing of an offering of 8,332,311 shares of its common stock by
investment funds affiliated with Mirae Asset Global Investments Co. Ltd.
(the “Selling Shareholder”) at a public offering price of $17.00 per
share. The Selling Shareholder granted the underwriters in the offering
a 30-day option to purchase up to an additional 833,231 shares of common
stock from the Selling Shareholder. Acushnet is not selling any shares
of common stock in this offering and will not receive any proceeds from
the sale of the shares of common stock by the Selling Shareholder. The
offering is expected to close on November 16, 2017, subject to customary
closing conditions.

Morgan Stanley and Nomura are acting 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. Before you invest, you should read
the prospectus in that registration statement and other documents
Acushnet has filed with the SEC for 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 preliminary 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, including the fact that the
offering will close. 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.


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