28.08.2017 / 17:58
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Management Board
Wilhelmstrasse 67
73433 Aalen

By fax in advance: +49 7361 502-851
28 August 2017

Notification pursuant to Section 27a (1) of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)


The following text is a non-binding convenience translation of the German original text

Dear Ladies and Gentlemen,

Regarding the notification published on 7 February 2017 in which we explained our objectives relating to our significant investment in the company and our voting rights notification published by the company on 15 August 2017, we hereby inform you in accordance with Section 27a (1) sentence 1 and sentence 2 WpHG, that Sterling Strategic Value Fund S.A. decided on 21 August 2017 to accept the takeover offer of Pierer Industrie AG within the Additional Acceptance Period.

Consequently, since 21 August 2017, we no longer stick to the objectives announced in the notification dated 2 February 2017.

Yours faithfully,

Sterling Strategic Value Fund S.A.

Avv. Massimo Pedrazzini

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