EQS Related Party Transactions announcement: PIERER Mobility AG / Release
of an announcement according to Article 95a, Section 5 AktienG
PIERER Mobility AG: Announcement of a transaction with a related party
pursuant to section 95a para 5 AktG

22.05.2025 / 07:46 CET/CEST
Dissemination of a Related Party Transactions announcement transmitted by
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The issuer is solely responsible for the content of this announcement.

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PIERER Mobility AG: Announcement of a transaction with a related party
pursuant to section 95a para 5 AktG

 

Collateral agreements concluded with regard to the financing of KTM AG

 

PIERER Mobility AG (the "Company") entered into a guarantee agreement and
a share pledge agreement (together the "Security Agreements") with Bajaj
Auto International Holdings B.V., registered in the commercial register
(Handelsregister) of the Dutch Chamber of Commerce under number 34285671
("Bajaj"). Bajaj is a 49.9% shareholder of Pierer Bajaj AG, which in turn
holds around 75% of the shares in the Company. Bajaj therefore qualifies
as a related party to the Company within the meaning of section 95a
Austrian Stock Corporation Act.

 

The Security Agreements serve as security for a loan agreement under which
Bajaj has granted KTM AG a loan in the amount of EUR 450 million (the
"Loan Agreement"). The funds from the Loan Agreement are to be used to
fulfill the restructuring plan quota in the restructuring process of KTM
AG.

 

All capital, interest and other receivables under or in connection with
the loan agreement are secured by the Security Agreements. The secured
receivables therefore amount to more than EUR 450 million and thus exceed
the threshold pursuant to section 95a (5) Austrian Stock Corporation Act.

 

Under the terms of the guarantee agreement, the Company and various other
group companies guarantee to Bajaj that KTM AG, as borrower, will fulfill
all obligations under the loan agreement, failing which the guarantors
will indemnify Bajaj.

 

The Company also pledged all of its shares in KTM AG to Bajaj as
collateral for the claims arising from the Loan Agreement. This
corresponds to 10,678,706 shares in KTM AG or 100% of the outstanding
share capital of KTM AG. An enforcement event with regard to these shares
occurs in the event of non-payment of a secured liability.

 

This information is also available on the company's website in the
Investor Relations / Corporate Governance / Capital market & capital
measures section.

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22.05.2025 CET/CEST

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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Internet: www.pierermobility.com

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

 
End of News EQS News Service

2143014  22.05.2025 CET/CEST

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