EU Commission Does Not Initiate In-depth Investigation Under the Foreign Subsidies Regulation for Bajaj Auto's Acquisition of PIERER Mobility AG

Bajaj Auto Ltd's wholly owned subsidiary, Bajaj Auto International Holdings BV, has been notified by the European Commission that no in-depth investigation will be initiated under the Foreign Subsidies Regulation for the acquisition of control over PIERER Mobility AG. This notification allows the acquisition process to proceed to completion as of November 11, 2025. Upon completion, Bajaj Auto International Holdings BV will become the sole owner of Pierer Bajaj AG, which in turn holds 74.9% of KTM's parent company PIERER Mobility AG. This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of PIERER Mobility AG, and it is not for distribution, transmission, or publication in certain restricted jurisdictions.