EQS-Adhoc: PNE AG resolves to issue corporate bond

Ad Hoc-Announcement
pursuant to Article 17 of the EU Market Abuse Regulation (MAR)
(ISIN: DE000A0JBPG2,DE000A30VJW3)

PNE AG resolves to issue corporate bond

Cuxhaven, 20 May 2026 – Today, the Board of Management of PNE AG, with the approval of the Supervisory Board, resolved to issue a corporate bond in the second quarter of 2026 in an amount of up to EUR 65 million (ISIN DE000A460J75). The securities prospectus required for the offering is expected to be approved tomorrow by the Luxembourg Financial Sector Supervisory Commission (Commission de Surveillance du Secteur Financier – “CSSF”). The issue is being managed by IKB Deutsche Industriebank AG. It is planned to list the bond on the Open Market segment of the Frankfurt Stock Exchange.

The corporate bond, which is divided into notes with a nominal value of EUR 1,000.00 each, has a term from 18 June 2026 to 18 June 2031. The interest rate will be in the interest margin between 6.750% to 7.750% and and it is expected that the definitive rate will be fixed on 11 June 2026. The bearer bonds will be offered to the public in Germany, Austria and Luxembourg and may be subscribed for during the offer period from 22 May 2026 to 10 June 2026 via the PNE AG website and from vom 26 May 2026 until 11 June 2026 via the subscription functionality of Deutsche Börse AG. Institutional investors may subscribe directly via IKB Deutsche Industriebank AG. Additionally, there will be an exchange offer including an over-allotment option to the bondholders of the PNE corporate bond 2022/2027 maturing on 23 June 2027 (ISIN DE000A30VJW3). The exchange offer will commence on 22 May 2026 and end on 9 June 2026. Further details can be found in the securities prospectus.

The aim of this this early refinancing of the corporate bond 2022/2027, in particular, to improve the financing structure, specifically the maturity structure of the debt and the availability of the issue proceeds until maturity in 2031. In addition, the issue proceeds – after deduction of costs – shall be used for general operational purposes, such as project development or interim financing during project implementation.

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2330626  20-May-2026 CET/CEST