Petrus responds to Tata Motors' offer to acquire Iveco at 14.10 euros per share: Fair value should be paid.

St Helier, Jersey, and London, September 29, 2026 / PRNewswire / -- Petrus Legal Strategies ( Jersey ) Limited , Petrus Advisers Limited , as well as the funds that receive investment advice from Petrus Advisers Limited (collectively referred to as “ Petrus ”), have today issued a statement outlining their views on Tata Motors’ voluntary tender offer to acquire Iveco Group N.V. (“ Iveco ”) for €14.10 in cash per share. Petrus holds approximately 3.8% of the ordinary shares of Iveco. This presentation material can be viewed at www.petrusadvisers.com / Iveco.

Petrus indicates: "Today, we have released our views on the quote of 14.10 euros: This document explains why this quote does not reflect the fair value that Iveco shareholders should receive."

Petrus stated: 'Firstly, compared to peers, the valuation of Iveco in this bid is significantly low. Secondly, the shareholders of Iveco have not received an appropriate share of the synergistic value created by this transaction; Tata Motors itself described this value as considerable to its investors. Thirdly, shareholders should be compensated for the 15-month period between the announcement of the transaction and its anticipated completion.'

Petrus means: 'Our demand is very simple: to pay a fair value to all shareholders of Iveco.'

Regarding Petrus Advisers and Petrus Legal Strategies

Petrus Advisers is an alternative investment management company regulated by the UK Financial Conduct Authority (FCA), with its headquarters located in London. It was established in 2009. Petrus indicates that the company has a track record of success in European equity investments, thanks to its own analytical and entrepreneurial investment methods. Petrus adopts a constructive approach, actively cooperating with the management teams and boards of directors of the companies in which it holds significant shares. Petrus Legal Strategies, on the other hand, utilizes its market-leading expertise in litigation and arbitration to deploy capital in complex legal situations.