EQS-Adhoc

AT&S Austria Technologie & Systemtechnik AG: AT&S decides to issue a subordinated bond (hybrid bond)

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Issue of Debt AT&S Austria Technologie & Systemtechnik AG: AT&S decides to issue a subordinated bond (hybrid bond) 10-Jan-2022 / 11:39 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. AT&S decides to issue a subordinated bond (hybrid bond) and invites holders of outstanding 2017 hybrid bonds to tender those for purchase in cash Public disclosure of inside information according to article 17 MAR

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, SINGAPORE, BELGIUM, FRANCE, ITALY OR IN OR INTO OTHER COUNTRIES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION MAY BE UNLAWFUL.

The Management Board of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ("AT&S") has decided - based on today's approval from the Supervisory Board and subject to market conditions - to issue a deeply subordinated bond with an indefinite term and an early redemption option by AT&S after five years (the "Hybrid Bond"). HSBC Bank plc, Morgan Stanley Europe SE have been mandated as Joint Global Coordinators and Joint Bookrunners, Erste Group Bank AG has been mandated as Joint Bookrunner.

AT&S targets an issue volume of at least EUR 300m up to benchmark size. The issue will be directed exclusively to professional and institutional investors and the Bonds will have a minimum denomination of EUR 100,000; a retail offer will not take place. The total issue amount has not yet been determined and will be set in the course of a book-building procedure. Further details of the issuance including nominal volume, issue price and coupon will be subject to then applicable market conditions and determined based on investor feedback/dialogue within such a book-building procedure. The issue is expected to settle in January 2022.