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Press release from CNW Group

Bauer Performance Sports Ltd. Announces Closing of Over-Allotment Option

Friday, April 08, 2011

Bauer Performance Sports Ltd. Announces Closing of Over-Allotment Option09:09 EDT Friday, April 08, 2011/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVERUNITED STATES WIRE SERVICES/TORONTO, April 8, 2011 /CNW/ - Bauer Performance Sports Ltd. (TSX:BAU) ("Bauer") announced today that the underwriters have purchased an additional 350,000 common shares of Bauer at a price of $7.50 per share, pursuant to the partial exercise of an over-allotment option granted to the underwriters in connection with the previously announced initial public offering of common shares of Bauer, which closed on March 10, 2011. Bauer did not receive proceeds from the sale of these additional common shares. The common shares of Bauer are listed on the Toronto Stock Exchange under the symbol "BAU".As a result of the partial exercise of the over-allotment option, the former securityholders of Kohlberg Sports Group Inc. (including the Kohlberg Funds) now hold an aggregate 65.6 per cent equity and voting interest in Bauer on a non-diluted basis (compared to 66.7 per cent had the over-allotment not been exercised), with the Kohlberg Funds (on their own) holding an aggregate 58.6 per cent equity and voting interest in Bauer on a non-diluted basis (compared to 59.7 per cent had the over-allotment not been exercised).The initial public offering was made through a syndicate of underwriters led by RBC Capital Markets and CIBC, and including BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., and Macquarie Capital Markets Canada Ltd.No securities regulatory authority has either approved or disapproved of thecontents of this news release. The securities being offered have not been, andwill not be, registered under the United States Securities Act of 1933, asamended (the ''U.S. Securities Act''), or any state securities laws, and may not beoffered or sold in the United States unless pursuant to an exemption therefrom.This press release is for information purposes only and does not constitute anoffer to sell or a solicitation of an offer to buy any securities of BauerPerformance Sports Ltd. in any jurisdiction.ABOUT BAUER PERFORMANCE SPORTS LTD.Bauer Performance Sports Ltd. (TSX: BAU) is a leading developer and manufacturer of ice hockey, roller hockey, and lacrosse equipment as well as related apparel. The company has the most recognized and strongest brand in the ice hockey equipment industry, and holds the top market share position in both ice and roller hockey. Its products are marketed under the Bauer Hockey, Mission Roller Hockey and Maverik Lacrosse brand names and are distributed by sales representatives and independent distributors throughout the world. Bauer Performance Sports is focused on building its leadership position and growing market share in all product categories through continued innovation at every level. For more information, visit further information: INVESTOR INQUIRIES  Amir Rosenthal Chief Financial Officer Phone: 603-610-5802 MEDIA INQUIRIES Steve Jones Director, Global Marketing Phone: 603-430-2111