PNE Wind : AGM elects new members to the Supervisory Board and dividend payment

23.10.2015

Cuxhaven, 23 October 2015 - The Annual General Meeting of the wind project
developer PNE WIND AG elected six new members to the Supervisory Board and
voted in favor to distribute a dividend.

Mr. Alexis Fries, Dr. Andreas Beyer, Mr. Christoph Groß, Mr. Per Hornung
Pedersen, Mr. Andreas M. Rohardt and Mr. Wilken von Hodenberg were elected
to the Supervisory Board. At the convening Supervisory Board meeting, Mr.
Fries was elected Chairman of the Supervisory Board.

The previous Supervisory Board members Mr. Dieter K. Kuprian, Dr. Peter
Fischer, Prof. Dr. Reza Abhari, Mr. Volker Friedrichsen, Ms. Astrid Zielke
and Mr. Peter Baron von le Fort resigned their mandates at the end of the
Annual General Meeting.

The shareholders voted with a large majority on the proposal of the
Management Board and Supervisory Board to distribute a dividend of euro
0.04 per ordinary share.

The shareholders also voted with a large majority in favour of the
resolutions; on the Supervisory Board remuneration policy, on the
appointment of Deloitte & Touche (Hamburg) as auditor for the annual
financial statements and the consolidated financial statements, on the
control and profit transfer agreements and on the appointment of a special
auditor in connection to the remuneration and expenses of corporate
officers of the Company.

The shareholders also agreed to discharge from responsibility the current
Management Board members Markus Lesser and Jörg Klowat with a clear
majority of approx. 85 percent. Former CEO Martin Billhardt was not
discharged from responsibility. The shareholders voted to discharge the
previous Supervisory Board from responsibility.