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

X	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
X	Other reason: acting in concert

3. Details of person subject to the notification obligation

Natural person (first name, surname): Benedikt Nikolaus Dr. Kormaier Date of birth: 07 Dec 1979

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

5. Date on which threshold was crossed or reached:

05 Jun 2025

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	2.97 %	0.00 %	2.97 %	76603334
Previous notification	4.96 %	0.00 %	4.96 %	/

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	2275000	0.00 %	2.97 %
Total	2275000		2.97 %

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 %
				0	0.00 %
			Total	0	0.00 %

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)
Dr. Benedikt Nikolaus Kormaier	%	%	%
ENKRAFT CAPITAL GmbH	%	%	%
ENKRAFT CAPITAL INVESTMENTS GmbH (ehem.: ENKRAFT IMPACTIVE.capital GmbH)	%	%	%
-	%	%	%
Dr. Benedikt Nikolaus Kormaier	%	%	%
ENKRAFT CAPITAL GmbH	%	%	%
ENKRAFT CAPITAL HOLDINGS GmbH (ehem.: ENKRAFT IMPACT.capital GmbH)	%	%	%
-	%	%	%
Dr. Benedikt Nikolaus Kormaier	%	%	%
ENKRAFT CAPITAL GmbH	%	%	%
ENKRAFT CAPITAL HOLDINGS GmbH (ehem.: ENKRAFT IMPACT.capital GmbH)	%	%	%
ENKRAFT CAPITAL OPPORTUNITIES GmbH & Co. KG (ehem.: ENKRAFT IMPACT GmbH & Co. KG)	%	%	%
-	%	%	%
Dr. Benedikt Nikolaus Kormaier	%	%	%
ENKRAFT CAPITAL GmbH	%	%	%
ENKRAFT CAPITAL MANAGMENT GmbH	%	%	%
ENKRAFT CAPITAL PARTNERS GmbH & Co. KG	%	%	%

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:

Attribution of 350,000 voting rights in accordance with Section 34 (2) WpHG due to acting in concert with Thomas Schweppe and ENKRAFT CAPITAL SQUARE GmbH (formerly: ENKRAFT SQUARE GmbH). 50,000 voting rights held by ENKRAFT CAPITAL PARTNERS GmbH & Co KG are not included in the aforementioned acting in concert.

Date

12 Jun 2025