Vista Outdoor confirms receipt of additional information from MNC Capital

Vista Outdoor confirms receipt of information delivered by MNC Capital in response to Vista Outdoor’s request for certain additional information required in order to assess MNC’s revised indication of interest pursuant to which MNC expressed its final effort to acquire Vista Outdoor in an all-cash transaction for $42 per share. The Vista Outdoor Board is carefully reviewing the additional information provided by MNC, which includes certain documentation with respect to MNC’s financing arrangements, along with MNC’s Final Indication, in accordance with its fiduciary duties and its obligations under the existing merger agreement with Czechoslovak Group, and in consultation with its financial and legal advisors. The Vista Outdoor Board remains committed to acting in the best interests of Vista Outdoor stockholders. The Vista Outdoor Board has not made any determination with respect to the Final Indication within the framework contemplated by the existing merger agreement with CSG, which remains in effect, and continues to recommend Vista Outdoor stockholders vote in favor of the proposal to adopt the merger agreement with CSG at the Vista Outdoor special meeting of stockholders.