Positive constructive discussion with the Management and Supervisory Boards of SHW AG

Pierer Industrie AG had a very positive meeting with the Management Board and the Chairman of the Supervisory Board of SHW AG last Friday, 14 July 2017. As a long-term strategic shareholder, Pierer Industrie AG is convinced that together with SHW AG synergy potentials can be realized and the company further developed.

Pierer Industrie AG waives all dispensable conditions of execution in the current takeover bid

Pierer Industrie AG renounces all dispensable conditions of execution of its voluntary takeover bid to the shareholders of SHW AG published on July 11, 2017 (as set out in clauses 12.2 to 12.6 of the offer document; see the respective sections 12.7 and 15), in particular the achievement of the minimum acceptance threshold of 30 per cent. The amendment to the offer will be published on the website of Pierer Industrie AG in the section “Capital Market”.

About the Pierer Group:
The Pierer Group is a leading European vehicle group with a focus on the global motorcycle segment and the automotive high-tech component sector. The Group currently employs more than 5,200 people worldwide with a group turnover of more than EUR 1.5 billion.

Additional Information (Disclaimer)
This announcement is for information purposes only and does not constitute an offer to buy or an invitation to sell securities. The offer to purchase SHW shares is subject exclusively to the terms and conditions specified by Pierer Industrie AG in the offer document and the amendment to the offer.

This press announcement does not release the respective SHW shareholder from his/her obligation to examine the information contained in the offer document and in the amendment to the offer and – taking into account all available sources of information, all individual circumstances of the shareholder (in particular with regard to the individual tax situation), the applicable statutory provisions for the shareholder and the personal assessment of the future development of the share price of the SHW share – to make his/her own decision about whether or not to accept the takeover offer.

Pierer Industrie AG points out that it is not in a position and is not obliged to verify whether the SHW shareholders comply with all obligations of the individually applicable statutory provisions upon acceptance of the takeover bid. Shareholders of SHW wishing to accept the takeover offer should examine whether the acceptance of the takeover offer is compatible with legal obligations arising out of their personal circumstances (e.g., sales restrictions). Furthermore, Pierer Industrie AG recommends that all shareholders subject to the laws of a foreign jurisdiction may obtain information about and comply with the applicable laws. PIAG assumes no liability for the decision of a shareholder and recommends that each shareholder of SHW obtains the necessary individual tax and legal advice, if necessary.

Contact Information:

Pierer Industrie AG
4600 Wels, Edisonstraße 1
Phone: +43 (0)7242 / 69402
Fax: +43 (0)7242 / 69402 / 109