Pankl Racing Systems AG: Announcement according to § 93 para 2 Austrian Stock Exchange Act

Kapfenberg, 22 April 2014 (pta020/22.04.2014/16:50 UTC+2) Pankl Racing Systems AG announces, that pursuant to § 91a of the Austrian Stock Exchange Act ("BörseG") it was informed by SP GmbH, PS GmbH, Pierer Konzerngesellschaft mbH and DI Stefan Pierer as follows:

CROSS Motorsport Systems GmbH currently holds 1,610,477 shares of Pankl Racing Systems AG; this equals voting rights and a share capital participation in Pankl Racing Systems AG of approximately 51.13%. CROSS Motorsport Systems GmbH is controlled by CROSS Automotive Holding GmbH, which is a fully owned subsidiary of CROSS Industries AG. CROSS Industries AG is controlled by DI Stefan Pierer through Pierer Invest Beteiligungs GmbH and Pierer Konzerngesellschaft mbH.

So far, SP GmbH did not hold any shares and voting rights of Pankl Racing Systems AG. Sole shareholder of SP GmbH is PS GmbH. Sole shareholder of PS GmbH is Pierer Konzerngesellschaft mbH.

By means of a separation and takeover agreement dated 15 April 2014 a share of 25% in Pierer Invest Beteiligungs GmbH has been split off to SP GmbH (de-merger by acquisition) (contractual transaction). With registration of the de-merger in the company register SP GmbH will become shareholder of Pierer Invest Beteiligungs GmbH. The registration of the de-merger in the company register should take place until end of May 2014.

SP GmbH

SP GmbH has informed Pankl Racing Systsems AG, that by means of a separation and takeover agreement it is holding an instrument pursuant to § 91a BörseG since 15 April 2014 to acquire a share in Pierer Invest Beteiligungs GmbH. Pierer Invest Beteiligungs GmbH - through CROSS Industries AG, CROSS Automotive Holding GmbH and CROSS Motorsport Systems GmbH - holds a controlling interest in Pankl Racing Systems AG.

The voting rights in relation to shares of Pankl Racing Systems AG, which are held pursuant to § 91a BörseG indirectly through CROSS Industries AG, CROSS Automotive Holding GmbH and CROSS Motorsport Systems GmbH - on 15 April 2014 have reached and exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% and currently amount to approximately 51.13% (1,610,477 shares).

The registration of the de-merger in the company register shall take place until end of May 2014.

PS GmbH

The voting rights of PS GmbH in Pankl Racing Systems AG pursuant to § 91a BörseG, held indirectly via SP GmbH, Pierer Invest Beteiligungs GmbH, CROSS Industries AG, CROSS Automotive Holding GmbH and CROSS Motorsport Systems GmbH, have reached and exceeded the thresholds of 4%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% on 15 April 2014 (approximately 51.13%; 1,610,477 shares).

DI Stefan Pierer / Pierer Konzerngesellschaft mbH
After registration of the de-merger in the company register the voting rights of DI Stefan Pierer and Pierer Konzerngesellschaft mbH in Pankl Racing Systems AG will continue to exceed the threshold of 50% (approximately 51.13%; 1,610,477 shares). In the future these voting rights can be exercised indirectly through PS GmbH, SP GmbH, Pierer Invest Beteiligungs GmbH, CROSS Industries AG, CROSS Automotive Holding GmbH and CROSS Motorsport Systems GmbH.

For further information:
Investor Relations
Brigitte Putz
Tel.: +43 3862 33 999 317
e-mail: ir@pankl.com
Internet: www.pankl.com

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Emitter:	Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria
Contact Person:	DI (FH) Brigitte Putz
Phone:	+43(0)3862 33 999-317
E-Mail:	ir@pankl.com
Website:	www.pankl.com
ISIN(s):	AT0000800800 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart