Steyr Motors AG: Voluntary public tender offer by SMOT Acquisition GmbH, a subsidiary of Red Cat Holdings, Inc., for all shares in Steyr Motors AG

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

Steyr, Austria, 19 October 2026 – Steyr Motors AG (the “Company”) (ISIN: AT0000A3FW25 / LEI: 529900I7M6Z1HG0L8440) has been informed that SMOT Acquisition GmbH, a limited liability company (GmbH) incorporated under the laws of Austria with its registered office in Vienna (the “Bidder”), intends to make a voluntary public tender offer addressed to all shareholders of the Company in the form of a cash offer for all shares in the Company (the “Steyr Shares”) (the “Offer”). The Bidder is a wholly owned subsidiary of Red Cat Holdings, Inc. (“Red Cat”), a Nevada corporation with its principal executive offices in Salt Lake City, Utah, United States, listed on the NASDAQ Stock Market under the ticker symbol “RCAT”. The offer price will be EUR 39.00 (in words: thirty-nine euros) in cash per Steyr Share. The Offer is expected to be subject to customary conditions, including foreign direct investment (FDI) clearances as well as a minimum acceptance threshold of 50% plus one Steyr Share. The Bidder expects completion of the Offer – subject to regulatory clearances and further customary conditions – in the first half of 2027.

In addition, the Company has been informed that the Bidder has entered into an agreement with B&C Holding Österreich GmbH holding approximately 15% of the Steyr Shares. Under this agreement, B&C Holding Österreich GmbH is obliged, in accordance with the respective agreement, to accept the Offer for all Steyr Shares held by it.

Subject to a positive review of the legal and economic terms based on the final offer document and the adoption of the necessary resolutions by the Management Board and the Supervisory Board, the Company intends to support the Offer.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of special high-performance engines with high power density and durability. The company’s engines are used primarily in defense special-purpose vehicles, boats (both defense and civil) as well as auxiliary power units (APU) for main battle tanks and locomotives.