Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Capital measures
Capital increase of Solar-Fabrik AG oversubscribed - placement price of EUR 9.15 brings net issuance proceeds of about EUR 7 million - issuance proceeds to be utilized for the further extension of the valu

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12.10.2006

Freiburg i.Br., October 12, 2006 - Solar-Fabrik AG has determined the placement price for the issuance of up to 800,000 shares to be EUR 9.15 per new share. The private placement has been oversubscribed.

On October 3, 2006, the board of directors of Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten, Freiburg i.Br., has, in agreement with the supervisory board, decided to increase the authorized capital of the company from currently EUR 8,100,000.00 by up to EUR 800,000.00 to EUR 8,900,000.00 against cash contributions. The increase is effected by issuing up to 800,000 new no-par-value ordinary bearer shares (no-par shares) with a partial amount of the authorized capital of EUR 1.00 per share. Subscription rights of current shareholders have been excluded. The new shares have been offered to investors via private placement; the entire volume has been successfully issued under the agreed conditions.

The net issuance proceeds are about EUR 7 million and enable a rapid rise in turnover, as well as an above average increase in income. Short-term investments and a further increase in capacity allow the sales target for 2007 to be raised by about 80% to EUR 130 million. In addition, a doubling of the EBIT margin - from at least 5% for 2006 - to a minimum of 10% for 2007 is expected. The improved margin is due to the successful extension of the value chain associated with securing wafer capacities, solar cell and module production. At the same time, group overhead costs are expected to remain at the same level. The equity dilution caused for current shareholders by the capital increase is expected to be compensated by saved costs for debt capital.

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ots Originaltext: Solar-Fabrik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

This ad-hoc notice is neither an offer for selling no-par shares, nor a request
to place an offer to buy no-par shares. It is designed for information purposes
only.

Branche: Alternative energy
ISIN:      DE0006614712
WKN:        661471
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade



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