PNE AG / DE000A0JBPG2

Notification of Major Holdings

1. Details of issuer

Name:	PNE AG
Street:	Peter-Henlein-Straße 2-4
Postal code:	27472
City:	Cuxhaven Germany
Legal Entity Identifier (LEI):	391200KEHI6OQSGGN373

2. Reason for notification

	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
X	Other reason: voluntary group disclosure with triggered theshold on subsidiary level

3. Details of person subject to the notification obligation

Natural person (first name, surname): Klaus Röhrig Date of birth: 21 Jul 1977

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

Active Ownership Fund SICAV SIF SCS

5. Date on which threshold was crossed or reached:

01 Oct 2024

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	12.05 %	1.96 %	14.01 %	76603334
Previous notification	11.99 %	0.00 %	11.99 %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000A0JBPG2	0	9233433	0.00 %	12.05 %
Total	9233433		12.05 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
			0	0.00 %
		Total	0	0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
Call options	20.06.2025	at any time	Cash settlement	750000	0.98 %
Put options	20.06.2025	at any time	Cash settlement	750000	0.98 %
Call options	20.12.2024	at any time	Cash settlement	750000	0.98 %
Put options	20.12.2024	at any time	Cash settlement	750000	0.98 %
			Total	1500000	1.96 %

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

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
Klaus Röhrig	%	%	%
Active Ownership Management Ltd.	%	%	%
Active Ownership LP	%	%	%
Active Ownership Investments Ltd.	%	%	%
Active Ownership Group Ltd.	%	%	%
Active Ownership Corporation S.à r.l.	12.05 %	%	14.01 %
-	%	%	%
Klaus Röhrig	%	%	%
Active Ownership Management Ltd.	%	%	%
Active Ownership LP	%	%	%
Active Ownership Investments Ltd.	%	%	%
Active Ownership Group Ltd.	%	%	%
Active Ownership Capital S.à r.l.	%	%	%
Active Ownership Fund SICAV SIF SCS	12.05 %	%	14.01 %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Re section 7.b.2: The put and call options of 0.98% and 0.98% respectively were not added together as they relate to a collar structure under which the Active Ownership Fund SICAV SIF SCS can only acquire a maximum of 1.96% of the voting rights.

Date

07 Oct 2024