ErSol Solar Energy AG

euro adhoc: ersol Solar Energy AG
Agreement between Ventizz and Bosch regarding sale of majority stake in ersol

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 02.06.2008 Agreement between Ventizz and Bosch regarding sale of majority stake in ersol Ventizz Capital Fund II LP, Wilmington/Delaware, USA, and its subsidiary Ventizz II Jersey Holding LP, Jersey, Channel Islands, (Ventizz) have informed the Management Board of ersol Solar Energy AG (ersol) that they have signed agreements with Robert Bosch GmbH (Bosch) regarding the sale of its holdings in ersol amounting to 50.45% of the share capital. The purchase price for the shares immediately sold, to be paid in cash, is EUR 546.4 million. This translates to a per-share price of EUR 101.0, which is 63.3% above the closing price of EUR 61.85 per share on Friday, 30 May 2008 and 68.3% above the weighted average price of ersol shares in XETRA® and trading floor system over the three months prior to the announcement of the transaction. The transaction is subject to the approval of the customary antitrust authorities. As a result of the sale of the holdings by Ventizz to Bosch, the latter will be submitting a public offer for the remaining ersol shares. The Management Board of ersol AG welcomes the proposed transaction and considers Bosch to be an excellent partner for the continued successful development of the Thuringian photovoltaic company. At the announcement of the transaction Dr Claus Beneking, CEO of ersol Solar Energy AG said he will be retiring from the Management Board of ersol AG for personal reasons in the next few months. However, he will continue to be available for the company for some years as a consultant. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: ErSol Solar Energy AG Im Internet recherchierbar: Further inquiry note: Sonja Teurezbacher Director Investor Relations +49 (0)361 21 95-1130 Branche: Alternative energy ISIN: DE0006627532 WKN: 662753 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 Stuttgart / free trade Börse Düsseldorf / free trade Börse München / free trade

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