29.11.2016

Cuxhaven, November 29, 2016 - PNE WIND AG is in a very advanced stage of negotiations with AREF II Renewables Investment Holding S.á.r.l. concerning the sale of an 80% share-holding in PNE WIND YieldCo Deutschland GmbH. The purchaser, a subsidiary company of the energy- and infrastructure-fund Allianz Renewable Energy Fund II, is managed by Allianz Global Investors GmbH and concluded its fundraising with institutional investors in November 2016. For this purpose, PNE WIND AG and Allianz Global Investors GmbH recently agreed on exclusivity and today filed with the Federal Cartel Authority the application for approval of the transaction necessary within the framework of merger control regulations.

The agreement on the sought sale is to be signed and become binding in the course of the coming 2 - 3 weeks. PNE WIND AG has bundled in PNE WIND YieldCo Deutschland GmbH wind farm projects with a total of 142.5 MW together with an option to purchase a further 9.9 MW from PNE WIND Group. As previously announced, the conclusion of the agreement shall make a significant contribution to accomplish the earning targets of PNE WIND AG for this year.

This insider information in accordance with Article 17 of the EU Market Abuse Regulation (MAR) was published on November 29, 2016 at 06:06 p.m.

PNE WIND AG published this content on 29 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 November 2016 17:18:06 UTC.

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