S&T AG: ADHOC S&T AG / grosso tec AG intends submitting a partial offer for up to 8.32% of S&T AG shares

Linz (pta010/21.03.2022/08:45 UTC+1)

ADHOC S&T AG / grosso tec AG intends submitting a partial offer for up to 8.32% of S&T AG shares

Linz (21 March 2022) – Today, 21st March 2022, the Executive Board of S&T AG (www.snt.at) (the "Company") was informed that grosso tec AG, Landshut, Germany (the "Bidder"), intends to submit a partial offer for the purchase of up to 5.5 million bearer shares of S&T AG, which are admitted to the Frankfurt Stock Exchange (ISIN: AT0000A0E9W5; WKN: A0X9EJ), for a price of 15.30 EUR per shares cum dividend in cash. 5.5 million bearer shares represent approx. 8.32%of the share capital of S&T AG.

The Chairman of the Executive Board (CEO) of S&T AG, Dipl.-Ing. Hannes Niederhauser, is shareholder of the Bidder holding 47.5% of the Bidder shares. In addition, grosso holding GmbH also holds 47.5% of the shares in grosso tec AG. Mag. Claudia Badstöber, Chairwoman of the Supervisory Board of the Company, is managing director of grosso holding GmbH with sole power of representation.

According to the Bidder's information, the Bidder intends publishing the offer document in due course.

ABOUT S&T AG

S&T AG (http://www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a leading technology group with more than 6,000 employees and subsidiaries in 32 countries around the world. The company is listed on the TecDAX® and SDAX® of the German Stock Exchange and is one of the leading providers of IoT (Internet of Things) technologies. In these sectors, S&T focuses on the development of secure and networked solutions with a combined portfolio of hardware, software, and services. With its own technologies in the fields of smart factory, railway communication systems, medical technology, communication solutions, and smart energy, as well as a broad portfolio of IT services, S&T can help customers undertake their digital transformation journeys in a wide range of industries.

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Emitter:	S&T AG Industriezeile 35 4021 Linz Austria
Contact Person:	Nicole Nagy, Investor Relations
Phone:	+43 (1) 801911196
E-Mail:	nicole.nagy@snt.at
Website:	www.snt.at
ISIN(s):	AT0000A0E9W5 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt