EQS-Adhoc: Steyr Motors determines the placement price for the new shares

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Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

Steyr Motors determines the placement price for the new shares

Steyr, Austria, October 28, 2024 – The Management Board of Steyr Motors AG (“Company”), a stock corporation under Austrian law with its registered office in Steyr, Austria, has today, with the approval of the Supervisory Board, set the placement price for the new shares of the Company issued on the basis of the capital increase of the Company (“Capital Increase”) resolved on 23 October 2024 at EUR 14.00 per share (“Placement Price”).

As part of the capital increase, the Company's share capital will be increased by EUR 200,000.00 from EUR 5,000,000.00 to EUR 5,200,000.00 against cash contributions by issuing 200,000 new no-par value bearer shares (“New Shares”) (“Capital Increase”). The statutory subscription rights were waived by all shareholders.

The 200,000 New Shares with dividend entitlement from 1 January 2024, together with 910,000 existing shares in the Company held by the main shareholder Mutares SE & Co. KGaA (“Mutares”), were placed with qualified investors as part of a private placement at the Placement Price. A total of 1,110,000 shares in the Company were placed, which corresponds to approximately 21.3% of the Company's shares after the consummation of the Capital Increase was entered in the commercial register and a total placement volume of EUR 15.5 million. The net issue proceeds accruing to the Company from the capital increase are to be used for the further growth of the Company and for general corporate purposes.

As part of the private placement, B&C Holding Österreich GmbH (“B&C Group”) acquired a 9.9% stake in the company post Capital Increase at the Placement Price. The B&C Group is thus supporting the company's private placement as a cornerstone investor and intends to accompany the company's further growth as a minority shareholder.

The Company's shares are expected to be included in trading on the open market (Scale segment) of the Frankfurt Stock Exchange on 30 October 2024 under ISIN AT0000A3FW25, WKN A40TC4 and ticker symbol 4X0.

Hauck Aufhäuser Investment Banking is acting as Sole Global Coordinator in connection with the transaction.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company's engines are primarily used for military special vehicles, boats (both military and civilian) and as APUs for main battle tanks and locomotives. For the full year 2024, revenues are expected to reach EUR 41 to 45 million and Adjusted EBIT to be in the range of EUR 9 to 11 million. In 2025, Steyr targets delivering a year on year revenue growth in excess of 40% with an Adjusted EBIT margin of over 20% and production beyond 1,250 units.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. On this basis, the Holding Company is expected to generate a net income of EUR 108 million to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and have been part of the selection index SDAX since December 2023.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

IMPORTANT NOTICES:

This announcement and the information contained herein are not for distribution or publication in or into the United States of America (including its territories and possessions, the states of the United States of America and the District of Columbia) (“United States”), Canada, Australia, Japan and other countries where such distribution or publication may be unlawful. The distribution of this announcement may be subject to legal restrictions in some jurisdictions, and anyone in possession of this announcement or the information referred to herein should inform themselves about and observe any such restrictions. Failure to comply with such restrictions may constitute a violation of capital markets laws of such countries.

This announcement does not constitute an offer or part of an offer to sell or a solicitation of an offer to buy shares (“Shares”) in Steyr Motors AG (“Company”) in the United States, Germany or any other jurisdiction. The Company’s shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act, or in a transaction not subject to the registration requirements of the Securities Act.

The offering referred to in this announcement is directed only at persons who are resident or located in a member state of the European Economic Area and who are “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (“Prospectus Regulation”) (“Qualified Investors”). In the United Kingdom, the placement referred to in this announcement is directed only at (i) persons who fall within Article 2(e) of the Prospectus Regulation as that regulation is constituted under national law by virtue of the European Union (Withdrawal) Act 2018 and also Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) persons who fall within Article 49(2) (a) to (d) of the Order (high net worth companies, partnerships, etc.) or (iii) persons to whom Article 49(2) (a) to (d) of the Order applies. ) or (iii) persons to whom it may otherwise lawfully be made available under the applicable securities laws (such persons together, “Relevant Persons”). No person other than Qualified Investors or Relevant Persons may refer to or rely on this announcement. Any investment or investment opportunity referred to in this announcement is available only to Qualified Investors or Relevant Persons and will be engaged in only with Qualified Investors or Relevant Persons.

This announcement does not constitute a recommendation regarding the placement. Investors should consult a professional adviser as to the suitability of the placement for the Relevant Person.

This announcement may contain certain forward-looking statements, estimates, beliefs and projections regarding the Company’s future business, results of operations and financial condition (“forward-looking statements”). Forward-looking statements can be identified by terms such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should”, as well as their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Company’s management and involve significant known and unknown risks and uncertainties, and therefore actual results, performance or events may differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained herein should not be taken as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release speak only as of the date of this release. The Company will not update any information, forward-looking statements or conclusions contained in this release to reflect subsequent events or circumstances, or to correct inaccuracies that may arise after the release of this release as a result of new information, future developments or otherwise, and does not undertake any obligation to do so. The Company assumes no responsibility whatsoever for the occurrence of any forward-looking statements or assumptions contained herein.

2017591  28-Oct-2024 CET/CEST