EQS-PVR: PIERER Mobility AG: Release according to Article 135, Section 2 BörseG with the objective of Europe-wide distribution

2. Reason for the notification: Acquisition or disposal of financial/other instruments

3. Person subject to notification obligation
Name: Bajaj Auto Ltd
City: Pune
Country: Indien

4. Name of shareholder(s): Bajaj Auto Ltd; Bajaj Auto International Holdings B.V.

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

☒ 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: -

Voting rights after general meeting: - is equivalent to - voting rights.

10. Sonstige Kommentare:

Bajaj Auto International Holding B.V., Milsbeek, Netherlands ('Bajaj BV'), and Pierer Industrie AG, Wels, Austria ('PIAG'), currently hold Pierer Bajaj AG, Wels, Austria ('PBAG') as a joint venture, which in turn currently holds around 74.94% of the shares in PIERER Mobility AG, Wels, Austria ('PMAG').

On 22 May 2025, PIAG granted Bajaj BV a call option to acquire PBAG shares currently held by PIAG (the 'PBAG Call Option'). The exercise of the PBAG Call Option is subject to a number of conditions (such as the receipt of approvals from the competent competition authorities and the competent authorities for the control of foreign investments) and can only take place after the fulfilment of these conditions.

Furthermore, the exercise of the PBAG Call Option is limited until 31 May 2026.