sunways AG

euro adhoc: sunways AG
Financing, Stock Offerings
Sunways AG will issue convertible bonds with a volume of up to EUR 10 million (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Constance, 28 September 2004 - On 24 September 2004, the Management Board of Sunways AG (ISIN DE0007332207) decided, with the consent of the Supervisory Board dated 27 September 2004, to issue convertible bonds in a nominal amount of up to EUR 10,000,000.00. The bonds will be issued, granting shareholders' pre-emptive rights, on the basis of the authorization of the shareholders' meeting of 6 May 2004. Sunways will use the proceeds of the convertible bonds as well as of other funding measures for the construction of an additional production line in the new Federal States to further expand its market position in Germany and abroad. This will represent an important step in the implementation of the corporate strategy of Sunways AG. After the annual general meeting 2006, at the earliest, the bonds will be convertible into up to approximately 2 million new shares from the Company's conditional capital at a conversion price of EUR 4.85. The life of the bonds will be five years. The bonds will bear interest at a rate of 7.00 per cent p.a. The convertible bond issue will be divided into 100,000 bearer bonds in a nominal amount of EUR 100.00 each; the issue price will amount to 100 per cent. With respect to further details of the issue, reference is made to the publication of the subscription offer on 29 September 2004 in the Federal Gazette (Bundesanzeiger) and in the Financial Times as well as on the Internet at equinet Securities AG will be responsible for the structuring and placement of the issue. end of announcement euro adhoc 28.09.2004 --------------------------------------------------------------------- Further inquiry note: Astrid Forst Tel.: +49 (0)7531 99677 480 E-Mail: 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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