EQS-Adhoc: PIERER Mobility AG (to be renamed soon to Bajaj Mobility AG): Sale of FELT Bicycles to minority shareholders

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

Ad hoc announcement pursuant to Art. 53 LR

Wels, November 20, 2025

PIERER Mobility AG (to be renamed soon to Bajaj Mobility AG): Sale of FELT Bicycles to minority shareholders

• Focus on the Motorcycles segment

The PIERER Mobility Group, which will soon be renamed to Bajaj Mobility AG, is ending its operational involvement in the bicycle sector with the sale of Felt Bicycles. The new owners, Florian Burguet and Cesar Rojo, have been managing directors and minority shareholders of FELT since 2023 and will continue to run the two companies in Spain and North America, including the brand, independently. The purchase price is in the mid-single-digit million range. The closing of the transaction is subject to the approval by the Supervisory Board and is expected to be completed before the end of the year.

This marks the next milestone in the focus on the Motorcycles segment. The motorcycle portfolio of the Group will in future comprise the three core brands KTM, GasGas, and Husqvarna.

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

Stephanie Kniep

Tel: +43 664 2896931

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