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AUSTIN, Texas–(BUSINESS WIRE)–YETI Holdings, Inc. (“YETI”) (NYSE: YETI) announced today the pricing of
an underwritten public offering (the “Offering”) of 9,500,000 shares of
YETI’s common stock by certain of its stockholders at a public offering
price of $28.50 per share. In addition, the underwriters have been
granted a 30-day option to purchase up to 1,425,000 additional shares of
common stock from the selling stockholders at the public offering price,
less underwriting discounts and commissions. YETI will not receive any
proceeds from the sale of shares in the Offering.

BofA Merrill Lynch, Jefferies, and Morgan Stanley are acting as lead
book-running managers and as representatives of the underwriters for the
Offering. Goldman Sachs & Co. LLC, Citigroup, Baird, and Piper Jaffray
are also acting as joint book-running managers for the Offering. Stifel,
William Blair, KeyBanc Capital Markets, Raymond James, and Academy
Securities are acting as co-managers for the Offering.

A registration statement on Form S-1 relating to the Offering was
declared effective by the Securities and Exchange Commission on May 8,
2019. The Offering is being made only by means of a prospectus. A copy
of the final prospectus relating to the Offering, when available, may be
obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College
Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus
Department or by email at [email protected];
Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520
Madison Avenue, 2nd Floor, New York, NY 10022, by phone at
1-877-821-7388 or by email at [email protected];
or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, 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.

About YETI Holdings, Inc.

YETI is a designer, marketer, retailer, and distributor of a variety of
innovative, branded, premium products to a wide ranging customer base.
Our mission is to ensure that each YETI product delivers exceptional
performance and durability in any environment, whether in the remote
wilderness, at the beach, or anywhere else life takes our customers. By
consistently delivering high performing products, we have built a
following of engaged brand loyalists throughout the United States,
Canada, Japan, Australia, and elsewhere, ranging from serious outdoor
enthusiasts to individuals who simply value products of uncompromising
quality and design. Our relationship with customers continues to thrive
and deepen as a result of our innovative new product introductions,
expansion and enhancement of existing product families, and multifaceted
branding activities.

Forward-Looking and Cautionary Statements

This press release contains ‘‘forward-looking statements’’ within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical or current fact included
in this press release are forward-looking statements. Forward-looking
statements include statements concerning the completion of the Offering
and the 30-day option granted to the underwriters. Forward-looking
statements are subject to a number of risks and uncertainties, many of
which involve factors or circumstances that are beyond YETI’s control,
including, without limitation, risks and uncertainties related to the
satisfaction of customary closing conditions related to the Offering in
order for the Offering to close and whether or not the option referred
to above will be exercised by the underwriters and will close. Actual
results could differ materially from those stated or implied in
forward-looking statements due to a number of factors, including but not
limited to, risks detailed in the section entitled “Risk Factors” and
elsewhere in YETI’s Quarterly Report on Form 10-Q for the quarter ended
March 30, 2019, and in the registration statement on Form S-1 related to
the Offering filed with the Securities and Exchange Commission. The
forward-looking statements included in this press release represent
YETI’s views as of the date of this press release. YETI undertakes no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
changes in YETI’s expectations or otherwise. These forward-looking
statements should not be unduly relied upon or represent YETI’s views as
of any date subsequent to the date of this press release.

Contacts

Investor Relations:
Tom Shaw, 512-271-6332
[email protected]

Media:
Alecia
Pulman, 203-682-8224
[email protected]

Brittany
Fraser, 646-277-1231
[email protected]