PIERER Mobility : Invitation to the 25th Annual General Meeting, April 29, 2022

PIERER Mobility AG

FN 78112 x with its registered office in Wels

ISIN: AT0000KTMI02

Invitation to the

25th Annual General Meeting

to be held on Friday, April 29, 2022 at 11:00 a.m. (CET)

in the House of Brands, Gewerbegebiet Nord 20, 5222 Munderfing,

• I. VIRTUAL GENERAL MEETING WITHOUT PHYSICAL PRESENCE OF SHAREHOLDERS

1.

COVID-19 Corporate Law Act (COVID-19-GesG) and COVID-19 Corporate Law Regulation (COVID-19-GesV)

The Executive Board has decided, in order to protect shareholders and other participants, to make use of the option of a virtual general meeting also for this year's annual general meeting.

The general meeting of PIERER Mobility AG on April 29, 2022 will be held as a "virtual general meeting" in accordance with the § 1 COVID-19-GesG in the currently applicable version, taking into account the interests of both the company and the participants.

This means that the shareholders and their representatives will not be able to be physically present at the general meeting of PIERER Mobility AG on April 29, 2022, in order not to endanger the health of the participants. We expressly point out that it is not possible for shareholders to come to the venue of the general meeting themselves.

The general meeting will be held in the physical presence of members of the Supervisory Board and of the Executive Board, the certifying notary and the four special proxies designated by the company in 5222 Munderfing (Austria), Gewerbegebiet Nord 20, House of Brands.

The holding of the annual general meeting as a virtual general meeting in accordance with the COVID-19-GesV leads to modifications in the usual course of the general meeting and in the exercise of shareholders' rights. Voting rights, the right to submit motions and the right to raise objections shall be exercised exclusively by granting power of attorney and issuing instructions to one of the special voting proxies proposed by the company pursuant to § 3 para. 4 COVID 19-GesV.

The right to information may be exercised during the virtual general meeting by the shareholders themselves via electronic communication, exclusively in text form by e-mail

directly to the e-mail [e-mail].

2.

Webcast of the General Meeting

Pursuant to § 3 para. 4 COVID-19-GesV in conjunction with § 102 para. 4 Austrian Stock Corporation Act, the general meeting will be broadcasted in full on the Internet in real time in audio and video form.

This is allowed under data protection law with regard to the legal basis of § 3 para. 4 COVID-19-GesV and § 102 para. 4 Austrian Stock Corporation Act.

All shareholders of the company will be able to follow the general meeting on April 29, 2022 from around 11:00 a.m. (CET) using appropriate technical devices on the internet atwww.pierermobility.com (under Investor Relations / General Meeting) as a virtual general meeting. No registration or login is required to follow the general meeting.

By broadcasting the general meeting on the internet, all shareholders have the opportunity to follow the proceedings of the general meeting in real time through this acoustic and visual link and to follow the presentation by the Executive Board and the answers to shareholders' questions if they wish.

It is pointed out that this live webcast as a virtual general meeting does not enable remote participation (§ 102 para. 3 no. 2 Austrian Stock Corporation Act) and remote voting (§ 102 para. 3 no. 3 and § 126 Austrian Stock Corporation Act) and that the webcast on the Internet is not a two-way connection.

It is also pointed out that the company is only responsible for the use of technical means of communication to the extent that these are attributable to its sphere.

In addition, reference is made to the information on the organizational and technical requirements for participation pursuant to § 3 para. 3 in connection with § 2 para. 4 COVID-19-GesV ("Participation Information"). This will be made available on the website of the company atwww.pierermobility.com by April 8, 2022 at the latest.

II.	AGENDA
1.	Presentation of the approved annual financial statements and the management report of
the Executive Board as well as the consolidated financial statements, the consolidated
management report, the corporate governance report and the proposal for the
appropriation of profits for the 2021 financial year, together with the report of the
Supervisory Board on the 2021 financial year.
2.	Resolution on the appropriation of the balance sheet profit shown in the annual financial
statements at December 31, 2021.
3.	Resolution on the discharge of the members of the Executive Board for the 2021 financial
year.
4.	Resolution on the discharge of the members of the Supervisory Board for the 2021
financial year.
5.	Resolution on the determination of the remuneration of the members of the Supervisory
Board for the 2021 financial year.

• 6. Resolution on the remuneration report.

• 7. Election of the auditor and Group auditor for the 2022 financial year.

• 8. Elections to the Supervisory Board.

• 9. Resolution on

  a. the annulment of the authorized capital according to the resolution of the General Meeting from 26th April 2018

  • b. the granting of a new authorized capital, also with the authorization to exclude the statuary subscription right and with the possibility to issue new shares against contribution in kind [Authorized Capital 2022]

  • c. the amendment of the Articles of Association in § 5 (Authorized Capital).

III. DOCUMENTS FOR THE GENERAL MEETING, AVAILABILITY OF

INFORMATION ON THE HOMEPAGE

The following documents will be available on the internet by no later than April 8, 2022 atwww.pierermobility.com under Investor Relations / General Meeting:

• • Information on the organizational and technical requirements for participation pursuant to § 3 para. 3 in connection with § 2 para. 4 COVID-19-GesV ("Participation Information")

• • Proposed resolutions regarding the agenda items 2 - 9

• • Documents as listed in agenda item 1

• • Remuneration report

• • Declaration received in accordance with § 87 para. 2 of the Austrian Stock Corporation Act for agenda item 8

• • Form for granting a power of attorney for the special proxy

• • Forms for revoking a power of attorney for the special proxy

• • Question form

• • Full text of this invitation

IV. RECORD DATE AND CONDITIONS FOR PARTICIPATION IN THE

GENERAL MEETING

The entitlement to participate in the general meeting and to exercise the voting right and other shareholder rights to be asserted during the course of the general meeting according to the COVID-19-GesV is based on the shareholding at the end of the tenth day prior to the date of the general meeting, i.e. the shareholding on Monday, April 19, 2022, midnight (CET) (record date).

Only persons who are shareholders on this date and who provide evidence of this to the company are entitled to participate in the virtual general meeting.

Deposited bearer shares

In the case of deposited shares, a safe custody receipt pursuant to § 10a of the Austrian Stock Corporation Act shall suffice as evidence of share ownership on the record date, and this must be received by the company no later than April 26, 2022 exclusively at one of the addresses listed below:

By fax:	+43 (0) 1/8900-500-76
Per mail or	PIERER Mobility AG
courier:	FAO Ms. Mag. Michaela Friepeß
Edisonstraße 1
4600 Wels, Austria
or
by e-mail:	[e-mail],whereby the safe custody
receipt must be attached to the e-mail, for example as a PDF file.
by SWIFT:	GIBAATWGGMS; Message Type MT598 or MT599, it is essential to
specify ISIN AT0000KTMI02 in the text

Link to the creation of a safe custody receipt according to § 10a of the Austrian Stock Corporation Act (only for custodian banks):https://www.hauptversammlung.at/_hvatnew/coh.php?hv=5388&lang=en

Safe custody receipt pursuant to § 10a of the Austrian Stock Corporation Act

The safe custody receipt must be issued by the custodian bank with its registered office in a member state of the European Economic Area or in a full member state of the OECD and must contain the following information:

• • information about the issuer: name/company name and address or a code commonly used in transactions between banks (SWIFT code),

• • information about the shareholder: name/company name, address, date of birth in the case of natural persons, register and register number in the case of legal entities, if applicable,

• • information about the shares: number of shares (ISIN AT0000KTMI02) of the shareholder,

• • securities account number or other designation,

• • time/period to which the safe custody receipt relates.

The safe custody receipt as evidence of the shareholding for participation in the general meeting must refer to the above-mentioned record date of April 19, 2022, midnight (CET).

The safe custody receipt will be accepted in German or English.

The appointment of a special proxy cannot be validly made without a deposit confirmation being received by the company in due time. Shareholders are requested to contact their custodian bank and arrange the issue and transmission of a deposit confirmation. Shareholders will not be blocked by registering for the general meeting or by sending a safe custody receipt;

shareholders may therefore continue to freely dispose of their shares even after registering or sending a safe custody receipt.

V.

APPOINTMENT OF AN INDEPENDENT PROXY AS A SPECIAL CONDITION FOR THE RIGHT TO PARTICIPATE AND ASK QUESTIONS AND THE PROCEDURE TO BE FOLLOWED IN THIS RESPECT

Each shareholder who is entitled to attend the general meeting and has provided evidence of this to the company in accordance with the stipulations under Item IV of this invitation, has the right to authorize a special proxy.

Pursuant to § 3 para. 4 COVID-19-GesV, the submission of a resolution, the casting of votes and the raise of an objection at this virtual general meeting of PIERER Mobility AG on April 29, 2022 may only be made by one of the special proxies.

The following persons, who are suitable and independent of the company, are proposed as special voting proxies:

• 1. Lawyer Mag. Philipp Stossier c/o Stossier Heitzinger Rechtsanwälte Dragonerstraße 54, 4600 Wels phone: [phone] e-mail:[e-mail]

• 2. Dr. Michael Knap c/o IVA Interessenverband für Anleger Feldmühlgasse 22/4, A-1130 Vienna phone: [phone] e-mail:[e-mail]

• 3. Lawyer Mag. Andreas Schütz, LL.M.

  c/o TaylorWessing e|n|w|c Natlacen Walderdorff Cancola Rechtsanwälte GmbH Schwarzenbergplatz 7, 1030 Vienna phone: [phone] e-mail:[e-mail]

• 4. Dr. Barbara Pache, substitute of the public notary Dr. Ranft c/o Notariat Dr. Philip Ranft

  Gewerbestraße 1a, 5201 Seekirchenphone: [phone] e-mail:[e-mail]

Each shareholder may select one of the above-mentioned persons as special proxy and grant this person power of attorney.

A separate proxy form can be downloaded from the company's website atwww.pierermobility.com/investor-relations/hauptversammlung/ in order to grant power of attorney to one of the special voting proxies. It is requested to use this proxy form.