Malibu Boats, Inc. announces public offering of 4,000,000 shares

OUDON, Tenn., — Malibu Boats, Inc., (Nasdaq:MBUU) (“Malibu Boats” or the “Company”), a leading designer, manufacturer and marketer of performance sport boats, today announced that, subject to market and other conditions, it and certain selling stockholders (the “Selling Stockholders”) intend to offer 4,000,000 shares of its Class A Common Stock, consisting of 3,195,887 shares to be offered by the Company and 804,113 shares to be offered by the Selling Stockholders.

Malibu Boats and the Selling Stockholders have granted the underwriters an option for a period of 30 days to purchase up to an additional 478,894 shares and 121,106 shares, respectively, of Class A Common Stock to cover over-allotments. If exercised, all additional shares will be offered at the public offering price per share of Class A Common Stock in this offering.

The Company intends to use all of the net proceeds from this offering and the underwriters’ over-allotment option, if exercised,  to purchase units of Malibu Boats Holdings, LLC (the “LLC”) from the owners of membership interests in the LLC at a purchase price per unit equal to the public offering price per share of Class A Common Stock in this offering, after deducting underwriting discounts and commissions.

Raymond James and Wells Fargo Securities are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey and BMO Capital Markets are acting as co-managers.

A registration statement relating to offering of the Class A Common Stock has been filed by the Company with the Securities and Exchange Commission (the “SEC”) (as amended, the “Registration Statement”), but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This offering may only be made by means of a prospectus. A copy of the preliminary prospectus relating to the offering may be obtained by contacting: Raymond James, Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863 or via email at prospectus@raymondjames.com, or by contacting Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, telephone: (800) 326-5897 or via email at cmclientsupport@wellsfargo.com.

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