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KTM Power Sports AG

euro adhoc: Restructuring & Recapitalisations
KTM to increase Share Capital

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
11.02.2009
Not intended for distribution in the United States, Canada, Australia
and Japan. This does not constitute an offer to buy or to subscribe 
to securities.
KTM to increase Share Capital.
>> Up to 9.99% of existing share capital
   >> Safeguarding future developments
Mattighofen, Febuary 11, 2009 - On January 29, 2009,  the  Management
Board  of KTM Power Sports AG, Stallhofner Strasse 3,  5230  
Mattighofen,  Austria  (ISIN: AT0000645403), one of the world's 
leading manufacturers of off-road  and  street motorcycles, ATVs and 
the X-Bow sports car, resolved to increase  capital  stock by up to 
687,357 bearer shares, having gained the Supervisory  Board's  
approval on the same day.
Only existing shareholders have a subscription right on new shares  
at  a  ratio of 10:1 (existing shares to new shares). The Board set 
the maximum  subscription price at EUR 30.00. The  entire  issue  
volume  will  be  placed  on  the market, irrespective of the degree 
to which shareholders make use of their  subscription rights, as 
Bajaj Auto International Holdings B.V. has pledged  to  purchase  the
new shares that are not subscribed.
Details of the capital increase
On January 29, 2009, the Management Board of KTM Power  Sports  AG,  
Stallhofner Strasse 3, 5230 Mattighofen, Austria (ISIN:  
AT0000645403),  having  gained  the Supervisory Board's approval on 
the same day and exercising  the  powers  vested in it, resolved to 
increase the share capital from the current nominal value  of EUR 
6,892,643.00 by up to EUR 687,357.00 to up to  EUR  7,580,000.00,  
which will  be achieved by issuing up to 687,357 new bearer shares 
with  voting  rights  and  a nominal value of EUR 1.00 , with a 
maximum  subscription  and  offer  price  of EUR 30.00 per new share,
while protecting the subscription rights  of  existing  KTM Power 
Sports AG shareholders.  The  capital  increase  will  involve  
Raiffeisen Centrobank AG taking the new shares pursuant to Article 
153 (6)  Austrian  Stock Corporation Law (AktG) to offer them to 
shareholders at a ratio of 10:1  at  the subscription and offer price
within the subscription period. It will  be  up  to the Management 
Board to settle any fractions remaining due to  the  subscription 
ratio.
The subscription period for the new shares begins on February 13, 
2009 and  ends on February 27, 2009. The company reserves the right 
to shorten  or  extend  the subscription period. The new shares have 
full dividend rights for  the  business year 2008/09 and are expected
to be included  in  the  Vienna  Stock  Exchange's regulated 
unofficial market (prime market segment) on/or about  March  4,  
2009. The offer of the new shares is only available to existing
shareholders , therefore it is not a public offering under the 
Austrian  Capital Markets Act (KMG) and no prospectus will be 
prepared.   Due  to  the  fact  that less than 10% of the number of 
shares as already approved  for  trading  on  the same regulated 
market  will be offered and admitted, no  listing  prospectus  is 
required under the AustrianStock Exchange Act (BörseG), either.  The 
Management Board of KTM Power Sports AG with the approval of  the  
Supervisory  Board  will determine  the  final  subscription  and  
offer  price  after  the  end  of  the subscription period, on/or  
about  February  27,  2009,  and  publish  it  using electronic media
on/or about February 27, 2009.
As the shares of KTM Power Sports AG have not been  registered  under
the  U.S. Securities Act 1933 and does not constitute an exception 
from  the  registration requirement, people from the United States, 
Canada, Australia and Japan may  not exercise subscription rights. 
Non-Austrian shareholders are therefore  requested to find out  
themselves  about  any  restrictions  concerning  exercising  their 
subscription rights.
Key data on capital increase
Issuer: KTM Power Sports AG ISIN: AT0000645403 Issue volume: up to 
687,357 new shares Subscription ratio: 10:1 Trading in subscription 
rights: there will be no trading in subscription rights. The company 
has not appointed the subscription agent or any other people to trade
in subscription rights. Subscription period: February 13, 2009 to 
February 27, 2009. The company reserves the right to shorten or 
extend the period. Maximum subscription price: EUR 30.00 per new 
share Value date: on/or about March 4, 2009 Dividend rights for the 
new shares: for business year 2008/09 and following years Initial 
listing of the new shares: on/or about March 4, 2009 on the Vienna 
Stock Exchange's regulated unofficial market (prime market segment)
end of announcement                               euro adhoc

Further inquiry note:

KTM Power Sports AG
Mag. Wilfried Stock
Tel.: +43(0)7742/6000-216
mailto:wilfried.stock@ktm.com

Branche: Technology
ISIN: AT0000645403
WKN:
Börsen: Wiener Börse AG / official dealing

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