PIERER Mobility AG

Capital/Financing Update • Apr 1, 2025

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Financing PIERER Mobility AG: Further funds secured for the resumption of production at KTM

01-Apr-2025 / 06:59 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement.

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

Ad hoc announcement pursuant to Art. 53 LR

Wels, April 1, 2025

PIERER Mobility AG: Further funds secured for the resumption of production at KTM

Allegations made by a major Austrian credit institution in the media are incorrect

The company announces that KTM AG has already secured another EUR 50 million to finance the ramp-up of the production. As planned, the production resumed on March 17, 2025.

As reported by online media, a credit institution has called an amount of around EUR 65 million from comfort letters issued by PIERER Mobility AG for the KTM Group and demanded payment of this amount.

Under the comfort letters, the company has no obligation to provide funds for the benefit of the credit institution and firmly rejects the alleged claims. The allegation that money is being abstracted from creditors is incorrect.

On February 25, 2025, the creditors of KTM AG approved a restructuring plan quota of 30%. The investor process to finance this restructuring plan quota and the further operating business of KTM Group continues. The cash quota, including procedural costs, of approximately EUR 600 million must be paid to the restructuring administrator by May 23, 2025.

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

Hans Lang & Melinda Busáné Bellér

Tel: +43 676 4140945 or +43 676 4093711

Email: ir@pierermobility.com

Website: 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

01-Apr-2025 CET/CEST News transmitted by EQS Group. www.eqs.com

Language: English Company: PIERER Mobility AG Edisonstrasse 1 4600 Wels Austria Phone: +43 (0) 7242 69 402 E-mail: ir@pierermobility.com Internet: www.pierermobility.com ISIN: AT0000KTMI02

WKN: A2JKHY Listed: SIX, Vienna Stock Exchange EQS News ID: 2109536

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

End of Announcement EQS News Service