Scan Energy A/S

EANS-Adhoc: Scan Energy A/S
Scan Energy sets offer price at EUR 8.00 per share and extends offer period

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06.12.2009

The Board of Directors of Scan Energy A/S has set the offer price for the offered shares for Scan Energy´s initial public offering at EUR 8.00 per share and increased the amount of offered new shares to up to 19,700,000. The offering period has been extended and is now scheduled to end on Wednesday, 9 December 2009, at 6.00 p.m. CET for retail and institutional investors.

Scan Energy (Ticker: 8SE; Common Code: 046594398; ISIN: DK0060197226) has decided in its initial public offering to increase the number of offered shares to up to 22,655,000 shares at a fixed price of EUR 8.00 per share. This number of offered shares comprises up to 19,700,000 new shares from the capital increase and up to 2,955,000 existing shares from the holdings of some of the current major shareholders for the purposes of an over-allotment ("greenshoe"). Under the new timeline, the trading of the shares of Scan Energy is expected to commence on 11 December 2009. If all shares, including the greenshoe shares but excluding any warrants issued to the subscribers who participated in the September 2009 share capital increase, were placed, the free float of the company (excluding any free float from the current shareholders) would amount to 51.95 percent following the completion of the offering.

The decision to adjust the terms of the offering has been taken in light of the current difficult market conditions for IPOs in Germany, not least in the wake of the Dubai crisis and Hochtief Concession´s abandonment of their planned IPO. Despite positive feedback during the roadshow meetings, these developments may have caused some investors to hesitate. However, Scan Energy is still of the opinion that the company´s growth strategy may offer new investors as well as present shareholders an opportunity to participate in the expected long-term growth of the renewable energy market and, thus, intends to continue with its planned IPO.

The total issue volume (if the greenshoe option is fully exercised but excluding any warrants that have been issued to the subscribers who participated in the September 2009 share capital increase) would amount to EUR 181 million. Of this total, Scan Energy will receive gross issue proceeds of EUR 158 million that would enable the company to pursue the growth opportunities at hand.

The terms and conditions for the offering of the company's shares are set out in a prospectus dated and published on 19 November 2009, in a supplement No. 1 dated and published 30 November 2009 and in a supplement No. 2 to be published immediately after approval. The prospectus and supplement No. 1 are, and, following its approval, the supplement No. 2 will be, available on the company's website (www.scan-energy.com), subject to certain restrictions, and on the Frankfurt Stock Exchange's website (www.deutsche-boerse.com).

Scan Energy A/S, Flauenskjoldvej 30-34, 9352 Dybvad, Denmark, CVR-No. 73564913 ISIN: DK0060197226 Stock Exchanges: Regulated market (Prime Standard) of the Frankfurt Stock Exchange - admission pending

*** This document constitutes neither an offer to sell nor an invitation to buy securities in Germany, in the United States of America, in the United Kingdom, in Denmark or any other jurisdiction. No offer or sale of transferable securities is being, or will be, made to the public outside Germany. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"), and may not be offered or sold in the United States of America or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the Securities Act) absent registration or pursuant to an available exemption from registration under the Securities Act. Any public offering of securities of Scan Energy A/S to be made in the United States of America would have to be made by means of a prospectus that could be obtained from Scan Energy A/S and that would contain detailed information about the company and management, as well as financial statements. Neither Scan Energy A/S nor its shareholders intend to register any securities referred to herein in the United States of America or to conduct a public offering of securities of the company outside Germany.

This document is only being distributed to and is only directed at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, (the "Order") or (iii) who fall within article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This document does not constitute an offer of securities to the public in Denmark and the securities referred to herein will and may not be offered to the public in Denmark.

A public offer in Germany will solely be made on the basis of the prospectus. The prospectus is, and any supplements thereto will be, published on the Company's website (www.scan-energy.com), subject to certain restrictions, as well as on the Frankfurt Stock Exchange's website (www.deutsche-boerse.com). They are also available in printed form free of charge during regular business hours at the Company's German office in Hamburg (Alter Fischmarkt 11, 20457 Hamburg, Germany) and at the offices of HSBC Trinkaus & Burkhardt AG, Königsallee 21/23, 40212 Düsseldorf.

Media contact: German media: FD, Dr. Lutz Golsch, T: +49 (0) 69 920 37-110, M: +49 (0) 173 651 77 10, lutz.golsch@fd.com

Danish media: Bottomline Communications, Steen F. Laursen, T: +45 39 14 00 09, M: +45 20 65 34 20, sfl@bottomline.dk

The information contained herein is not for publication or distribution to persons in the United States of America, Canada, Japan and Australia.

end of ad-hoc-announcement ========================================== ====================================== AD HOC RELEASE pursuant to Section 15 German Securities Trading Act (WpHG) and Section 27 Danish Securities Trading Act

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ots Originaltext: Scan Energy A/S
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Lucie Kimmich
Tel.: +49 (69) 920 37-183
E-Mail: lucie.kimmich@fd.com

Branche: Alternative energy
ISIN:      DK0060197226
WKN:        A0YEEQ
Börsen:  Frankfurt / designated to listed: regulated dealing/prime
              standard



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