BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

EQS-News: Birkenstock Holding plc / Key word(s): Miscellaneous
BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

24.06.2024 / 22:20 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

LONDON, UNITED KINGDOM || JUNE 24, 2024

BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

Birkenstock Holding plc ("BIRKENSTOCK", the "Company" or "we", NYSE: BIRK)
announced today the commencement of an underwritten secondary public
offering of 14,000,000 of BIRKENSTOCK's ordinary shares (the "Ordinary
Shares") by BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton
(the "Selling Shareholder"), of which the Selling Shareholder has sole
voting and dispositive power over 9,880,814 shares offered, and of which the
Selling Shareholder and the executive officers and certain other employees
of the BIRKENSTOCK Group have shared voting and dispositive power over
4,119,186 shares offered. The Selling Shareholder intends to grant the
underwriters a 30-day option to purchase up to 2,100,000 additional Ordinary
Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and
will not receive any proceeds from the sale of the Ordinary Shares being
offered by the Selling Shareholder.

Following the completion of the proposed offering and without giving effect
to the underwriters' option to purchase additional shares, the Selling
Shareholder will hold approximately 137,543,181 Ordinary Shares, or 73.2% of
the Ordinary Shares outstanding of the Company. The net proceeds from the
Ordinary Shares sold for which the executive officers and certain other
employees of BIRKENSTOCK have shared beneficial ownership, which shares
represent a minority of the total shares being offered, are intended to
primarily be used by the executive officers and employees to pay their
legally required tax obligations in connection with the Company's IPO or
this offering or related to the grant of such indirect equity interests in
the Company and to pay all or a portion of their outstanding loans incurred
to finance the grant of indirect interests in the Company to such executive
officers and employees.

Oliver Reichert, CEO of BIRKENSTOCK Group and Member of the Board of
Directors of the Company: "Supported by the positive outlook and strong
performance of our business, the intended Secondary Offering is an
opportunity for us to further broaden our investor base and to increase the
liquidity of our stock. As with our IPO, we will look to partner with
investors that have a long-term perspective, understand our unique
investment case and contribute a sustainable value to the Company. L
Catterton remains an important strategic growth partner, whose commitment,
capabilities and partnership we greatly appreciate."

Michael Chu, Global Co-CEO of L Catterton and Chair of the Board of
Directors of the Company: "At L Catterton, we remain deeply committed to
BIRKENSTOCK and continue to be long-term partners who have deep conviction
in the Company's growth story. As a lead investor and the largest
shareholder, we are committed to executing this transaction in a responsible
way."

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint lead
book-running managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of
the preliminary prospectus relating to the proposed offering may be obtained
from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, NY 10282, via telephone: (866) 471-2526, or via email:
prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by email at prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.

A registration statement on Form F-1 (including a prospectus) relating to
the proposed offering has been filed with the U.S. Securities and Exchange
Commission (the "SEC") 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. Before you invest, you should read
the prospectus in that registration statement and other documents the issuer
has filed with the SEC for more complete information about the issuer and
this offering. You may get these documents for free by visiting EDGAR on the
SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or
any dealer participating in the offering will arrange to send you the
prospectus if you request it by telephone or email at the telephone numbers
or email addresses provided above.

This press release does not constitute an offer to sell or the solicitation
of an offer to buy these securities, 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. The proposed offering is
subject to market conditions, and there can be no assurance as to whether or
when the proposed offering may be completed, or as to the actual size or
terms of the proposed offering.

This press release shall also not be considered an offer of securities in
any member state (each, a "Member State") of the European Economic Area
("EEA"). This press release does not constitute a "prospectus" within the
meaning of Regulation (EU) 2017/1129 (as amended and any relevant national
implementing measure, the "Prospectus Regulation"). In the EEA, any
potential offer of securities would only be made pursuant to an exemption
under the Prospectus Regulation, as implemented in that Member State, from
the requirement to publish a prospectus for offers of securities.

ABOUT BIRKENSTOCK

Birkenstock Holding plc is the ultimate parent Company of Birkenstock Group
B.V. & Co. KG and its subsidiaries (the "Birkenstock Group"). BIRKENSTOCK is
a global brand which embraces all consumers regardless of geography, gender,
age and income and which is committed to a clear purpose - encouraging
proper foot health. Deeply rooted in studies of the biomechanics of the
human foot and backed by a family tradition of shoemaking that can be traced
back to 1774, BIRKENSTOCK is a timeless «super brand» with a brand universe
that transcends product categories and ranges from entry-level to luxury
price points while addressing the growing need for a conscious and active
lifestyle. Function, quality and tradition are the core values of the
Zeitgeist brand which features products in the footwear, sleep systems and
natural cosmetics categories. BIRKENSTOCK is the inventor of the footbed and
has shaped the principle of walking as intended by nature ("Naturgewolltes
Gehen").

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking"
statements and information within the meaning of Section 27A of the
Securities Act of 1933, as amended, Section 21E of the Securities Exchange
Act of 1934, as amended, and the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
relate to our current expectations and views of future events, including our
current expectations and views with respect to, among other things, the
proposed offering of Ordinary Shares. Forward-looking statements include all
statements that do not relate to matters of historical fact. In some cases,
you can identify these forward-looking statements by the use of words such
as "anticipate," "believe," "could," "expect," "should," "plan," "intend,"
"estimate" and "potential," "aim," "anticipate," "assume," "continue,"
"could," "expect," "forecast," "guidance," "intend," "may," "ongoing,"
"plan," "potential," "predict," "project," "seek," "should," "target,"
"will," "would" or similar words or phrases, or the negatives of those words
or phrases. Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors and are based on potentially
inaccurate assumptions that could cause actual results to differ materially
from those expected or implied by the forward- looking statements. Our
actual results could differ materially from those expected in our
forward-looking statements for many reasons, including the factors described
in the sections titled "Cautionary Statement Regarding Forward-Looking
Statements" and "Risk Factors" in our Annual Report on Form 20-F filed with
the Securities and Exchange Commission on January 18, 2024 as updated by our
reports on Form 6-K that update, supplement or supersede such information.
Any forward-looking statement made by us in this press release speaks only
as of the date of this press release and is expressly qualified in its
entirety by the cautionary statements included in this press release. We
undertake no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future developments, or
otherwise, except as required by law.

INVESTOR & MEDIA CONTACT

Birkenstock Holding plc
ir@birkenstock-holding.com


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24.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Birkenstock Holding plc
                   1-2 Berkeley Square
                   W1J6EA London
                   United Kingdom
   ISIN:           JE00BS44BN30
   Listed:         NYSE
   EQS News ID:    1931627

End of News EQS News Service
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1931627 24.06.2024 CET/CEST