sunways AG

euro adhoc: sunways AG
Financing, Stock Offerings
Notification pursuant to § 15 of the German Securities Trading Act (WpHG) - Sunways intends to issue convertible bonds (E)

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The issue proceeds will be used for the expansion of production capacities The bonds are expected to be issued in the autumn of 2004

Constance, 15 September 2004 - The Supervisory Board of Sunways AG (ISIN DE0007332207) has authorized the Management Board to issue convertible bonds. The funds are envisaged to be used for the expansion of the Company’s production capacities.

The issue will be based on the resolution of the General Meeting passed on 6 May 2004 according to which Sunways AG may issue convertible bonds and bonds with warrants in a total amount of up to 30 million Euros by 2009 on one or more occasions. The bonds are expected to be issued in the autumn of 2004. The terms are to be determined at short notice and in the light of market conditions.

end of announcement            euro adhoc 15.09.2004
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Further inquiry note: Astrid Forst Tel.: +49 (0)7531 99677 480 E-Mail: ir@sunways.de

Branche: Alternative energy
ISIN:      DE0007332207
WKN:        733220
Index:    CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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