Palfinger (PAL) Status Update summary

Strategic rationale and growth focus

• Plans to leverage treasury shares to finance growth in service, parts, and defense sectors, with emphasis on North America, India, and EMEA.

• Defense business is a key growth area, with preferred supplier status to several armies and ongoing expansion of product offerings.

• U.S. market strategy benefits from local production, minimizing tariff impacts and supporting further localization investments.

Treasury shares and accelerated bookbuilding process (ABP)

• 2,826,560 treasury shares (7.52% of share capital) acquired in 2022 after ending cross-holding with SANY.

• Evaluating a private placement or ABP for up to 2.8 million shares, with timing dependent on market conditions and share price.

• ABP aims to increase share liquidity, free float, and potential ATX index inclusion, with implementation targeted by 2025.

• Proceeds will support growth initiatives and may also reduce net financial debt.

Legal and procedural clarifications

• Ad hoc announcement required by Austrian regulations due to concrete evaluation of ABP.

• Executive Board authorization to sell treasury shares is being extended, with a report to be published in April.

• No plans to use treasury shares for acquisitions; focus remains on ABP.