Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the registration statement on Form S-4 (the “Registration Statement”) filed by its subsidiary Revelyst, Inc. (“Revelyst”), in connection with the proposed acquisition by Czechoslovak Group a.s. (“CSG”) of Vista Outdoor’s The Kinetic Group business (the “Transaction”).

The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.

“We are excited to reach this important milestone as we position The Kinetic Group and Revelyst for long-term success,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors. “We believe the proposed sale provides is the best strategic alternative to maximize value for stockholders.

Callahan continued, “The Board remains steadfast in our support for the proposed transaction and the value it will create for our stockholders. CSG’s ownership of our American-based ammunition brands will provide the communities where our plants are located and our 4,000 workers here in the United States and The Kinetic Group’s experienced US-based executive management team with a steady, long-term owner that is fully committed to investing in the American workforce, American hunters and domestic and allied military and law enforcement partners. On the Revelyst side, with an energized senior management team, the GEAR Up transformation plan ensures that the segment is well-positioned to thrive as a standalone public company and deliver greater value for our stockholders.

“Our teams have dedicated significant time and energy preparing to transform Revelyst into a standalone publicly traded company, and we are excited for our brands, our employees and our stockholders to realize the benefits,” said Eric Nyman, CEO of Revelyst. “We have a clear line of sight to a solid foundation through the GEAR Up transformation program, which is expected to drive $100 million of run rate cost savings by fiscal year 2027. As we look ahead to Revelyst being a standalone company post-separation, our brand-led consumer obsessed and maker-fueled culture is coming into shape. We are positioned well with winning brands, an efficient structure, a strong balance sheet post-separation and the right people to drive stockholder value.”