PALFINGER AG: Notification pursuant to sections 91 et seq Austrian Stock Exchange Act

Salzburg/Bedburg (pta033/15.05.2014/17:00 UTC+2) SANY Germany GmbH, Sany Allee 1, 50181 Bedburg, Germany ("Sany"), an entity con-trolled by SANY HEAVY INDUSTRIES CO., LTD, People's Republic of China ("SANY HEAVY"), via Sany Belgium Holding S.A., Kingdom of Belgium ("Sany Belgium"), here-with notifies on its own behalf and on behalf of the aforementioned companies of SANY HEAVY Group in accordance with section 92a para 1 in connection with sections 91 et seq Austrian Stock Exchange Act in relation to PALFINGER AG, Franz-Wolfram-Schererstraße 24, 5020 Salzburg, Austria (the "Issuer"), and the Issuer's voting shares admitted to trading on the Official Market of the Vienna Stock Exchange, AT0000758305 (the "Shares"), as follows:

On 13 January 2014, Sany entered into share purchase agreements according to which Sany was, subject to multiple conditions precedent, entitled to purchase 1,863,258 shares issued with voting rights of the Issuer. Furthermore, Sany had the right, subject to multiple conditions precedent, to acquire 1,863,258 new Shares, which had not been issued by the Issuer back then, but were issued in the course of a capital increase of the Issuer.

As of 14 May 2014, the Issuer has increased its share capital by issuing 1,863,258 new Shares. Further to this capital increase, the share capital of the Issuer now amounts to EUR 37,593,258.00 and is divided into 37,593,258 Shares with voting rights.

Therefore, the calculation of the voting rights in this notification is based on the total number of Shares with voting rights after the capital increase referred to above, thus 37,593,258 Shares (and not on the number of Shares as stated in the most recent publi-cation of the Issuer in accordance with section 93 para 1 Austrian Stock Exchange Act of 35,730,000 Shares).

Taking into account the new Shares, which were issued in the course of the capital in-crease, Sany acquired on 14 May 2014 1,863,258 new Shares, corresponding to approx-imately 4.96% of voting rights of the Issuer, and, due to the fulfilment of the conditions precedent of the share purchase agreements, 1,863,258 existing Shares, corresponding to approximately 4.96% of voting rights of the Issuer, so that Sany holds as of 14 May 2014 3,726,518 Shares, corresponding to approximately 9.91% of voting rights of the Issuer. Therefore, Sany (directly) as well as Sany Belgium and SANY HEAVY (each of them indirectly) have reached and exceeded the thresholds of 4% and 5% according to section 91a para 6 Austrian Stock Exchange Act as of 14 May 2014.

Simultaneously with the acquisition of the Shares to Sany, the financial instruments ac-cording to section 91a Austrian Stock Exchange Act relating to 3,726,518 Shares as noti-fied on 15 January 2014 have lapsed so that Sany, Sany Belgium and SANY HEAVY hold as of 14 May 2014 neither directly nor indirectly any financial instruments according to section 91a Austrian Stock Exchange Act relating to Shares and, therefore, have fallen below the thresholds of 5% and 4% according to section 91a Austrian Stock Exchange Act on 14 May 2014.

Bedburg, May 2014

Sany Germany GmbH
Sany Belgium Holding S.A.
SANY HEAVY INDUSTRIES CO., LTD

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Emitter:	PALFINGER AG Franz-Wolfram-Scherer-Straße 24 5020 Salzburg Austria
Contact Person:	Hannes Roither
Phone:	+43 662 46 84-2260
E-Mail:	h.roither@palfinger.com
Website:	www.palfinger.ag
ISIN(s):	AT0000758305 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)