Conergy AG

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LG Electronics ends negotiations on Joint Venture in Frankfurt (Oder)

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06.11.2008

LG Electronics ends negotiations on Joint Venture in Frankfurt (Oder)

6th November 2008, Hamburg, Germany - Due to the uncertain outlook of the global economy and changes in strategic direction, the Korean company LG Electronics (LG) has informed Hamburg-based Conergy AG (Conergy) that it currently does not wish to proceed with the acquisition of a majority stake in Conergy´s solar module production in Frankfurt (Oder) through a joint venture. LG will however continue to review other options for cooperation with Conergy, a leading global downstream player.

On 11th September 2008, Conergy and LG had signed a non-binding Memorandum of Understanding to jointly operate the plant in Frankfurt (Oder).

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Disclaimer:

This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.

This communication is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act").

Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG and that will contain detailed information about the company and management, as well as financial statements. Conergy AG does not intend to register any part of the offering in the United States.

The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.

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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Christoph Marx
Tel.: +49 (0)40 27142-1634
Email: c.marx@conergy.de

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
              Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade



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