EQS-Adhoc: PIERER Mobility AG: EU Commission does not initiate in-depth investigation under the Foreign Subsidies Regulation

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Restructure of Company
   PIERER Mobility AG: EU Commission does not initiate in-depth investigation
   under the Foreign Subsidies Regulation

   10-Nov-2025 / 14:07 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by [1]EQS News - a service of
   [2]EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Ad hoc notification pursuant to Article 17 Regulation (EU) No 596/2014
   (MAR)

   Ad hoc announcement pursuant to Art. 53 LR

    

   Wels, November 10, 2025

    

   PIERER Mobility AG: EU Commission does not initiate in-depth investigation
   under the Foreign Subsidies Regulation

    

     • All regulatory requirements for Bajaj to take control have been met

    

   On May 22, 2025, Bajaj Auto International Holdings B.V. entered into a
   call option agreement with Pierer Industrie AG, which enables Bajaj Auto
   International Holdings B.V. to acquire all shares held by Pierer Industrie
   AG in Pierer Bajaj AG and thus indirectly control PIERER Mobility AG
   latest by the end of May 2026 (the “Call Option”).

    

   Bajaj Auto International Holdings B.V. has just informed the company that
   on November 10, 2025 it has been notified by the European Commission that
   no in-depth investigation pursuant to Article 11 of Regulation 2022/2560
   would be initiated and that the takeover may now proceed to completion as
   of November 11, 2025. This means that the acquisition of Pierer Industrie
   AG's 50.1 per cent stake in Pierer Bajaj AG is now possible. Bajaj Auto
   International Holdings B.V. will thus become the sole owner of Pierer
   Bajaj AG as soon as the closing has been formally completed. Pierer Bajaj
   AG will continue to hold 74.9 per cent of KTM's parent company PIERER
   Mobility AG. The closing of the change of control is expected in the
   coming weeks.

    

   Legal notice

   THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A
   SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT
   IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR
   INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
   CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
   DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

    

   For further information:

   Investor Relations

   Melinda Busáné Bellér

   Tel: +43 676 4093711

   Email: [3][email protected]

   Website:[4] https://www.pierermobility.com

   ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
   Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI

   End of Inside Information

   ══════════════════════════════════════════════════════════════════════════

   10-Nov-2025 CET/CEST News transmitted by [5]EQS Group

   View original content: [6]EQS News

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     PIERER Mobility AG
                Edisonstrasse 1
                4600 Wels
                Austria
   Phone:       +43 (0) 7242 69 402
   E-mail:      [email protected]
   Internet:    www.pierermobility.com
   ISIN:        AT0000KTMI02
   WKN:         A2JKHY
   Listed:      SIX, Vienna Stock Exchange
   EQS News ID: 2226974

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
   SW; PKTM AV Reuters: PKTM.S; PKTM.VI

    
   End of Announcement EQS News Service


   2226974  10-Nov-2025 CET/CEST

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