PIERER Mobility AG / AT0000KTMI02

PIERER Mobility AG: Announcement of a transaction with a related party pursuant to section 95a para 5 AktG   Collateral agreements concluded with regard to the financing of KTM AG   PIERER Mobility AG (the "Company") entered into a guarantee agreement and a share pledge agreement (together the "Security Agreements") with Bajaj Auto International Holdings B.V., registered in the commercial register (Handelsregister) of the Dutch Chamber of Commerce under number 34285671 ("Bajaj"). Bajaj is a 49.9% shareholder of Pierer Bajaj AG, which in turn holds around 75% of the shares in the Company. Bajaj therefore qualifies as a related party to the Company within the meaning of section 95a Austrian Stock Corporation Act.   The Security Agreements serve as security for a loan agreement under which Bajaj has granted KTM AG a loan in the amount of EUR 450 million (the "Loan Agreement"). The funds from the Loan Agreement are to be used to fulfill the restructuring plan quota in the restructuring process of KTM AG.   All capital, interest and other receivables under or in connection with the loan agreement are secured by the Security Agreements. The secured receivables therefore amount to more than EUR 450 million and thus exceed the threshold pursuant to section 95a (5) Austrian Stock Corporation Act.   Under the terms of the guarantee agreement, the Company and various other group companies guarantee to Bajaj that KTM AG, as borrower, will fulfill all obligations under the loan agreement, failing which the guarantors will indemnify Bajaj.   The Company also pledged all of its shares in KTM AG to Bajaj as collateral for the claims arising from the Loan Agreement. This corresponds to 10,678,706 shares in KTM AG or 100% of the outstanding share capital of KTM AG. An enforcement event with regard to these shares occurs in the event of non-payment of a secured liability.   This information is also available on the company's website in the Investor Relations / Corporate Governance / Capital market & capital measures section.