KTM AG

EANS-Adhoc: KTM AG
Pierer GmbH indirectly takes control over CROSS Industries AG and KTM AG

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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14.06.2012

Pierer GmbH indirectly takes control over CROSS Industries AG and KTM AG 
Syndicate agreement between Knünz GmbH and Pierer GmbH triggers obligation of
CROSS KraftFahrZeug Holding GmbH to make a mandatory bid

The Executive Board of KTM AG, which shares are listed on the Regulated Market
(Geregelter Freiverkehr) of the Vienna Stock Exchange, was informed by CROSS
KraftFahrZeug Holding GmbH that Knünz GmbH and Pierer GmbH entered into a
syndicate agreement regarding the exercise of voting rights in Pierer Invest
Beteiligungs GmbH on 13 June 2012. The signing of the syndicate agreement leads
from joint control of Pierer GmbH and Knünz GmbH over Pierer Invest Beteiligungs
GmbH to sole control of Pierer GmbH over Pierer Invest Beteiligungs GmbH, and,
as a consequence, to sole control of Pierer GmbH over CROSS Industries AG, CROSS
KraftFahrZeug Holding GmbH and KTM AG.

This leads to a change of control in KTM AG.

CROSS KraftFahrZeug Holding GmbH informed the Executive Board of KTM AG pursuant
to §5(3) of the Austrian Take Over Act that by signing of the syndicate
agreement circumstances have arisen which trigger CROSS KraftFahrZeug Holding
GmbH's obligation to make a mandatory bid for the shares in KTM AG pursuant to
the Austrian Take Over Act. According to the information given by CROSS
KraftFahrZeug Holding GmbH, the price of the mandatory bid is expected to be EUR
44.00 per share.

The takeover bid causes a high risk of a termination of the trading of the KTM
shares in the Regulated Market (Geregleter Freiverkehr) of the Vienna Stock
Exchange due to the minimum free-float requirements. In case the minimum
free-float requirements cannot be maintained in a sustainable way the executive
board of KTM AG will notify the exit of the KTM shares from the Regulated Market
(Geregelter Freiverkehr) of the Vienna Stock Exchange pursuant to § 83/4 of the
Austrian Stock Exchange Act. In case of an exit of the KTM shares from the
Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange the
executive board of KTM AG will cause a trading of the KTM shares in the Third
Market (Dritter Markt) of the Vienna Stock Exchange.  KTM AG expressly points
out that after the exit of the KTM shares from the Regulated Market (Geregelter
Freiverkehr) of the Vienna Stock Exchange the provisions of the Austrian
Takeover Act will cease to apply.


Further inquiry note:
KTM AG
Mag. Viktor Sigl MBA
Tel: +43 7742 6000 144
Mail to: viktor.sigl@ktm.at

end of announcement                               euro adhoc 
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issuer:      KTM AG
             Stallhofnerstraße 3
             A-5230 Mattighofen
phone:       +43(0)7742/6000-0
FAX:         +43(0)7742/6000-5216
mail:     ir@ktmpowersports.com
WWW:      www.ktm.com
sector:      Technology
ISIN:        AT0000645403
indexes:     mid market
stockmarkets: official market: Wien 
language:   English
 



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