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centrotherm photovoltaics AG

euro adhoc: centrotherm photovoltaics AG
Restructuring & Recapitalisations / centrotherm photovoltaics issues a total of 5,162,382 new shares as part of a combined capital increase against contribution in cash and in kind

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
03.11.2008
Blaubeuren, November 3, 2008 - centrotherm photovoltaics AG 
determined today the final placing volume for the combined capital 
increase against contribution in cash and in kind. This capital 
increase was the subject of a resolution passed on October 14, 2008 
by the Management Board of centrotherm photovoltaics, and by approval
of its Supervisory Board. The company's share capital will 
consequently be raised by EUR 5,162,382 from EUR 16,000,000 to EUR 
21,162,382 through the issue of 5,162,382 new shares. The execution 
of the capital increase will be entered in the commercial register 
prospectively on November 4, 2008, and the new shares will be 
included in the existing share listing prospectively on November 5, 
2008.
The integration of sister company centrotherm Thermal Solutions GmbH 
& Co. KG, which is a leading manufacturer of thermal production 
equipment for solar cells, forms the focus of the transaction. 
Shareholder Hartung Beteiligungs GmbH has subscribed for all of the 
4,224,293 new shares to which it is entitled by exercising its 
subscription rights. To this end, it has transferred all shares in 
centrotherm Thermal Solutions and its general partner into 
centrotherm photovoltaics as contribution-in-kind on the basis of a 
subscription price of EUR 32.50 per new share.
In line with the 2:1 subscription ratio, all remaining shareholders 
were entitled to subscribe for one new share for every two old shares
held, and in exchange for EUR 20 per new share in cash. A total of 
938,089 new shares were subscribed for as part of this transaction. 
centrotherm photovoltaics consequently receives gross issue proceeds 
of around EUR 18.8 million from the cash component of the 
transaction. These proceeds can be invested in the company's further 
growth.
---- End of the Ad hoc announcement ----
Disclaimer This document constitutes neither an offer of securities 
for sale nor a solicitation of an offer to purchase securities in 
Germany, the United States of America, Canada, Japan, Australia or 
any other jurisdiction. No offer or sale of shares (the "Shares") in 
centrotherm photovoltaics AG (the "Company") or rights to subscribe 
for Shares in the Company were made and are being made to the public 
in any jurisdiction. This document does not constitute a securities 
prospectus. With regard to the listing of the Shares, the Company 
prepared a securities prospectus (the "Prospectus"), which has been 
approved by the German Federal Financial Supervisory Authority 
(Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) on October 
15, 2008. Only this Prospectus including any supplements thereto, if 
any, contains the information which is legally required to be 
provided to investors. The Prospectus is available free of charge for
German residents on the Company's website; printed copies are 
available free of charge for German residents during regular business
hours at the domestic offices of the Company and the underwriters.
Shares in the Company and rights to subscribe for Shares in the 
Company may not be offered or sold in the United States or to or for 
the account or benefit of "U.S. persons" (as such term is defined in 
Regulation S under the Securities Act of 1933, as amended (the 
"Securities Act")) absent registration or an exemption from 
registration under the Securities Act. The Shares and the rights to 
subscribe for Shares in the Company have not been and will not be 
registered under the Securities Act.
This document is only being distributed to and is only directed at 
(i) persons who are outside the United Kingdom or (ii) to investment 
professionals falling within Article 19(5) of the Financial Services 
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) 
(the "Order") or (iii) high net worth companies, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above 
together being referred to as "relevant persons"). Securities in the 
Company are only available to, and any invitation, offer or agreement
to subscribe for, purchase or otherwise acquire such securities will 
be engaged in only with, relevant persons. Any person who is not a 
relevant person should not act or rely on this document or any of its
contents.
This document is not meant for release, publication or distribution, 
directly or indirectly, in or into the United States, Canada, Japan 
and Australia.
end of announcement                               euro adhoc

Further inquiry note:

Company contact:
Saskia Schultz-Ebert
Senior Managerin Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:
Christina Siebels, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-31
E-mail: c.siebels@hoschke.de; g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard

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