PNE WIND AG strengthens its equity through capital increase

Cuxhaven, 13 May 2015 - The Board of Management of PNE WIND AG has decided today with the approval of the Supervisory Board, to increase the company's share capital by utilizing the authorized capital by issuing 4,578,500 new registered shares with a notional share in the share capital of € 1.00 each against cash contributions under exclusion of subscription rights. The total 4,578,500 shares from the capital increase were fullly subscribed to by the ODDO SEYDLER BANK AG, Frankfurt am Main, today and placed in the context of a private placement to qualified investors at € 2.065 per share. The gross proceeds from the capital increase for the company amounts to approx. € 9.45 million.

PNE WIND AG strengthens its equity capital with the proceeds from the capital measures. The specific backdrop to this is the planned and already commenced strategic expansion of the business model - the so-called YieldCo. In this subsidary, a number of fully operational projects will be bundeled into a portfolio and once the intital portfolio is constructed, the company plans to sell its holding - wholly or partly - in the YieldCo to investors by the end of 2016 and by doing so increase the company's earning potiential.

The shares from the capital increase are to be included in the existing price reporting in the regulated market (Prime Standard) on the Frankfurt Stock Exchange. The admission of shares from the capital increase for trading is planned for 19 May 2015.

Disclaimer:

This ad-hoc disclosure constitutes neither an offer to sell nor a request for provision of an offer for sale or for subscription of shares. The PNE WIND AG shares mentioned in this disclosure may not be sold or offered for sale in the United States of America ("USA") or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S Securities Act of 1933 (the "Securities Act"), as amended) without prior registration under the provisions of the Securities Act or as a result of exemption from registration. PNE WIND AG does not intend to register the offerings of shares in full or in part in the USA or publically offer shares in the USA.

distributed by