PIERER Mobility AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Vienna, 4 October 2021 - Release according to Article 40, Section 1 WpHG

PIERER Mobility AG: Release according to Article 40, Section 1 WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Major holdings notification pursuant to Sec. 130 to 134 BörseG 2018

1. Issuer

PIERER Mobility AG, Edisonstraße 1, 4600 Wels, Austria

2. Reason for the notification

Acquisition or disposal of financial/other instruments
Other

3. Person subject to notification obligation

Name: Bajaj Auto Ltd.

4. Name of shareholder(s): (if not the same as stated under point 3)

Bajaj Auto International Holdings B.V.

5. Date on which the threshold was crossed or reached

29.09.2021

6. Total positions

7. Details - Notified details of the resulting situation

8. Information in relation to the person subject to the notification obligation

[Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.]

X Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity:

9. In case of proxy voting

Date of general meeting: na

10. Other remarks

Pierer Industrie AG and Bajaj Auto International Holdings B.V. are parties to a shareholders' agreement regarding the joint participation in PTW Holding AG (majority shareholder of PIERER Mobility AG). Bajaj Auto International Holdings B.V. may acquire, under pre-emptive rights granted, Pierer Industrie AG's current shareholding in PTW Holding AG, which in turn holds 60% of the voting rights of PIERER Mobility AG. Pierer Industrie currently holds 50,10% of the share capital of PTW Holding AG, Bajaj Auto International Holdings B.V. the remaining 49,90%. In the event that the pre-emption right is exercised in a contractually defined pre-emption event, Bajaj Auto International Holdings B.V. will thus have the right to acquire Pierer Industrie AG's shares in PTW Holding AG, so that all shares in PIERER Mobility AG held by PTW Holding AG will be attributed to it.

Submitted by: PIERER Mobility AG
Edisonstraße 1, 4600 Wels
Österreich

Contract person: Mag. Michaela Friepeß
Tel.: +43 (0)7242 / 69402
E-Mail: ir@pierermobility.com
Website: https://www.pierermobility.com/
ISIN(s): AT0000KTMI02