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  General meeting information transmitted by euro adhoc with the aim of a 
  Europe-wide distribution. The issuer is responsible for the content of this 
  announcement. 
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09.03.2021 
 
PALFINGER AG 
Bergheim, FN 33393 h 
ISIN AT0000758305 
(the "company") 
 
Invitation to the 33rd Annual General Meeting of 
PALFINGER AG 
to be held on Wednesday, April 7, 2021 at 10:00 a.m., Vienna time 
 
The location of the Annual General Meeting in accordance with Sec. 106(1) of the 
Austrian Stock Corporation Act is PALFINGER WORLD at 5211 Lengau, Kapellenstraße 
18, a production site of an Austrian group company 
 
I. TO BE HELD AS A VIRTUAL ANNUAL GENERAL MEETING 
 
1. Company Law COVID-19 Act (COVID-19-GesG) and Company Law COVID-19 Regulation 
(COVID-19-GesV). 
 
The Executive Board decided to utilize the legal provisions authorizing a 
virtual Annual General Meeting to protect the shareholders and the other 
participants. 
 
The Annual General Meeting of PALFINGER AG on April 7, 2021 will be held as a 
virtual Annual General Meeting in consideration of the interests of both the 
company and the participants based on Sec. 1 para. 2 of the Company Law COVID-19 
Act, (Bundesgesetzblatt) BGBl. I No. 16/2020, as amended by BGBl. I No. 156/ 
2020, and the Company Law COVID-19 Regulation (BGBl. II No. 140/2020 as amended 
by BGBl. II No. 616/2020). 
 
This means that, according to the resolution of the Executive Board, 
shareholders and their representatives (with the exception of the special 
proxies in accordance with Sec. 3 (4) Company Law COVID-19 Regulation) cannot be 
physically present at the Annual General Meeting of PALFINGER AG on April 7, 
2021. 
 
The virtual Annual General Meeting will be held at 5211 Lengau, Kapellenstrasse 
18, exclusively in the physical presence of the Chair of the Supervisory Board, 
the Chair of the Executive Board and the other members of the Executive Board, 
the recording notary public, and the four special proxy holders proposed by the 
company. 
 
The conduct of the Annual General Meeting as a virtual Annual General Meeting in 
accordance with the Company Law COVID-19 Regulation will require modification of 
the procedure for holding the Annual General Meeting and exercising shareholder 
rights. 
 
The only way to exercise voting rights, propose a resolution, and raise 
objections is to one of the special proxy holders proposed by the company in 
accordance with Sec. 3 para. 4 of the Company Law COVID-19 Regulation. 
 
The shareholders themselves can exercise their rights to obtain information 
during the virtual Annual General Meeting by utilizing electronic communication, 
i.e. by submitting questions in text form exclusively by e-mail directly to the 
company's e-mail address fragen.palfinger@hauptversammlung.at, provided that the 
shareholders have submitted a deposit confirmation in accordance with Sec. 10a 
of the Stock Corporation Act in due time in accordance with Item IV and have 
authorized a special proxy holder in accordance with Item V. 
 
2. Transmission of the Annual General Meeting on the Internet 
In accordance with Sec. 3 para. 1, 2 and 4 of the Company Law COVID-19 
Regulation in conjunction with Sec. 102 para. 4 of the Austrian Stock 
Corporation Act (AktG), the entire Annual General Meeting will be transmitted on 
the Internet in real time in audio/visual format. 
 
This is permissible under data protection law on the legal basis of Sec. 3 para. 
1, 2, and 4 of the Company Law COVID-19 Regulation. 
 
All company shareholders can take part in the Annual General Meeting on April 7, 
2021, starting at approximately 10:00 a.m. Vienna time, by using suitable 
technical aids (e.g., PC, laptop, tablet or smartphone, as well as an Internet 
connection with sufficient bandwidth for streaming videos) on the Internet at 
www.palfinger.ag as a virtual Annual General Meeting. No registration or login 
is required to watch the Annual General Meeting. 
 
The transmission of the company's virtual Annual General Meeting on the Internet 
will enable all shareholders to follow the course of the Annual General Meeting, 
in particular the Executive Board's presentation, the answers to the 
shareholders' questions and the voting procedure in real time via this one-way 
audio/visual connection. 
 
It should be noted that this live transmission as a virtual Annual General 
Meeting does not permit remote participation (Sec. 102 para. 3 No. 2 of the 
Stock Corporation Act) or remote voting (Sec. 102 para. 3 No. 3 and Sec. 126 of 
the Stock Corporation Act) and that the Internet transmission is not a two-way 
connection. The individual shareholder can therefore only follow the course of 
the Annual General Meeting. 
 
It should also be noted that the company is only responsible for the use of 
technical means of communication to the extent that such means of communication 
are attributable to the company's sphere (Sec. 2 para. 6 Company Law COVID-19 
Regulation). 
 
In other respects, please see the information regarding the organizational and 
technical prerequisites for participation under Sec. 3 para. 3 in conjunction 
with Sec. 2 para. 4 of the Company Law COVID-19 Regulation ("Information on 
Participation"). 
 
II. AGENDA 
 
  1. Presentation of the financial statements, including the management report 
     and the corporate governance report, the consolidated financial statements, 
     including the consolidated management report, the proposal for the 
     appropriation of profits and the report of the Supervisory Board for the 
     fiscal year 2020 
  2. Resolution on the distribution of the net profit for the year 
  3. Resolution to ratify the actions of the members of the Executive Board in 
     the fiscal year 2020 
  4. Resolution to ratify the actions of the members of the Supervisory Board in 
     the fiscal year 2020 
  5. Selection of the independent auditor for the financial statements and 
     consolidated financial statements for the fiscal year 2021 
  6. Election to fill three seats on the Supervisory Board 
  7. Resolution on the remuneration report 
  8. Resolution on the authorization of the Executive Board 
 
 
a) to acquire treasury shares in accordance with Sec. 65 para. 1 (8) and para. 
1a and para. 1b of the Stock Corporation Act, both on and off the stock 
exchange, in an amount of up to 10% of the share capital, also excluding the 
right to sell on a quota basis, which may be associated with such an acquisition 
(reverse exclusion of subscription rights), 
b) to provide in accordance with Sec. 65 para. 1b of the Stock Corporation Act, 
for the sale or use of treasury shares other than selling them on the stock 
exchange or by public offer, while applying the provisions relating to the 
exclusion of shareholders' subscription rights, 
c) to reduce the share capital by retiring these treasury shares without any 
further resolution by the Annual General Meeting. 
 
9. Resolution on remuneration for members of the Supervisory Board 
 
III. DOCUMENTS FOR THE ANNUAL GENERAL MEETING; PROVIDING INFORMATION ON THE 
WEBSITE 
 
In accordance with Sec. 108 para. 3 and 4 of the Stock Corporation Act, the 
following documents will be available on the company's website, 
www.palfinger.ag, no later than March 17, 2021: 
 
* information on the organizational and technical prerequisites for 
  participation in accordance with Sec. 3 para. 3 in conjunction with Sec. 2 
  para. 4 of the Company Law COVID-19 Regulation ("Information on 
  Participation"), 
* annual financial statements, including management report, 
* corporate governance report 
* consolidated financial statements, including Group management report, 
* proposal for the appropriation of profits, 
* report of the Supervisory Board, 
  each for the fiscal year 2020; 
* resolutions proposed by the Executive Board and the Supervisory Board on 
  agenda Items 2 to 9, 
* remuneration report, 
* declarations of the candidates for election to the Supervisory Board for 
  agenda Item 6 in accordance with Sec. 87 para. 2 of the Stock Corporation Act, 
  including their curriculum vitae, 
* report of the Executive Board in accordance with Sec. 65 para. 1 (8) and para. 
  1a and para. 1b of the Stock Corporation Act on agenda Item 8 - Exclusion of 
  subscription rights and reverse exclusion of subscription rights, acquisition 
  of treasury shares, 
* proxy form for the special proxy holders in accordance with Sec. 3 para. 4 of 
  the Company Law COVID-19 Regulation, 
* question form, 
* form for revoking a proxy, 
* full text of this Invitation. 
 
 
IV. RECORD DATE AND PREREQUISITES FOR ATTENDING THE ANNUAL GENERAL MEETING 
 
The shareholders' rights to attend the virtual Annual General Meeting and to 
exercise their voting rights and the other shareholders' rights to be asserted 
in the course of the virtual Annual General Meeting held in accordance with the 
Company Law COVID-19 Act and the Company Law COVID-19 Regulation are governed by 
their shareholdings as of the close of March 28, 2021 (24.00, Vienna time) 
(record date). 
 
Only persons who are shareholders on the record date and who provide evidence 
thereof to the company are entitled to attend and exercise their shareholder 
rights at the virtual Annual General Meeting held in accordance with the Company 
Law COVID-19 Act and the Company Law COVID-19 Regulation. 
 
A deposit receipt in accordance with Sec. 10a of the Stock Corporation Act must 
be submitted to provide evidence of the shareholder's shareholding on the record 
date, which is to be delivered to the company no later than April 1, 2021 
(24.00, Vienna time) exclusively via one of the communication channels and 
corresponding addresses indicated below: 
 
(i) for submission of the deposit receipt in text form, as is sufficient under 
art. 18 para. 2 of the Articles of Association 
by telefax +43 1 8900 500-78 
by e-mail anmeldung.palfinger@hauptversammlung.at 
(please attach deposit receipt in PDF format)

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