SOLON SE

EANS-Adhoc: SOLON SE
SOLON´s investment Blue Chip Energy GmbH will file for insolvency


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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20.07.2011

Berlin, July 20, 2011. Today, the management of Blue Chip Energy GmbH took the
decision to file for insolvency proceedings for the company. SOLON had acquired
a participation in the Austrian cell manufacturer in 2006 in order to ensure the
supply of solar cells which was critical at that time and currently still holds
18.28% of the shares in the company. Following the insolvency of Blue Chip
Energy, SOLON will have to make a valuation allowance in the aggregate amount of
EUR 18 million, which primarily results from a shareholder loan granted in the
past.  

Due to the difficult market situation and the persistent slack demand, the
financial situation of Blue Chip Energy became increasingly tense. Despite
intensive talks with the financing banks, it was not possible to the very last
to find a solution. Consequently, there is no longer a basis for the continued
existence of the company.  


SOLON SE 
Therese Raatz 
Investor Relations 
Telephone: 030 / 818 79 - 9305 
Fax: 030 / 818 79 - 9300 
E-mail: investor@solon.com


Further inquiry note:
Therese Raatz
Head of Corporate Communications
Tel.: +49 30 818 79-9305
E-Mail: therese.raatz@solon.com

end of announcement                               euro adhoc 
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issuer:      SOLON SE
             Am Studio  16
             D-12489 Berlin
phone:       +49 30 818 79-9305
FAX:         +49 30 818 79-9300
mail:     investor@solon.com
WWW:      www.solon.com
sector:      Energy
ISIN:        DE0007471195
indexes:     Midcap Market Index, CDAX, HDAX, Technology All Share, GEX, ÖkoDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, regulated dealing:
             Berlin, Hamburg, Stuttgart, Düsseldorf, München 
language:   English
 

 

 



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