Pankl Racing Systems AG: Resolutions in accordance with § 128 Abs. 2 AktG

19th AGM Pankl Racing Systems AG

Kapfenberg (pta014/02.05.2017/09:30 UTC+2) 02.05.2017

Resolutions in accordance with § 128 Abs. 2 AktG of the 19th Annual General Meeting on April 28 2017 at 10.00 am at the business premises of the Company in A-8605 Kapfenberg, Industriestrasse West 4.

[The share capital amounts EUR 3,150,000.00 and is divided in 3,150,000 shares without nominal value.]

Agenda:

1. Report of the Management Board

(no resolution)

2. Presentation of the annual financial statements including the status report and the corporate governance report as well as the dividend distribution proposal and the Supervisory Board report for the fiscal year 2016

(no resolution)

3. Motion regarding the use of the balance sheet profit for the fiscal year 2016

The dividend payment of Eur0.60 per share has been voted unanimously. The remaining balance sheet profit will be carried forward for new account.

Unanimous resolution

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

4. Motion regarding the discharge of the Management Board members for the fiscal year 2016

Unanimous resolution

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

5. Motion regarding the discharge of Supervisory Board members for the fiscal year 2016

Unanimous resolution

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

6. Motion regarding the remuneration for members of the Supervisory Board for the fiscal year 2016

Unanimous resolution

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

7. Election of the annual auditor and group auditor for the fiscal year 2017

Unanimous resolution for KPMG Austria GmbH Wirtschaftsprüfer- und Steuerberatungsgesellschaft, Linz.

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

8. Motion for
(i) change of the Articles of Association in chapter 10 (1),
(ii) change of the Articles of Association in chapter 22 (2)

Unanimous resolution

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

9. Election of two members of the Supervisory Board

Unanimous resolution for the decrease of the Supervisory Board.

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

Unanimous resolution for Ing. Alfred Hörtenhuber

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

Unanimous resolution for Mag. Friedrich Roithner

Yes-votes: 2,978,394 No-votes: 0

Number of valid casted votes: 2,978,394

Part of the share capital through these votes: 94.55%

(end)

Emitter:	Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria
Contact Person:	IR
Phone:	+43(0)3862 33 999-815
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