15.09.2004 – 15:03

sunways AG

euro adhoc: sunways AG
Financing, Stock Offerings
Notification pursuant to § 15 of the German Securities Trading Act (WpHG) - Sunways intends to issue convertible bonds (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

The issue proceeds will be used for the expansion of production
capacities
The bonds are expected to be issued in the autumn of 2004

Constance, 15 September 2004 - The Supervisory Board of Sunways AG
(ISIN DE0007332207) has authorized the Management Board to issue
convertible bonds. The funds are envisaged to be used for the
expansion of the Company’s production capacities.

The issue will be based on the resolution of the General Meeting
passed on 6 May 2004 according to which Sunways AG may issue
convertible bonds and bonds with warrants in a total amount of up to
30 million Euros by 2009 on one or more occasions. The bonds are
expected to be issued in the autumn of 2004. The terms are to be
determined at short notice and in the light of market conditions.

end of announcement        euro adhoc 15.09.2004

Further inquiry note:

Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de

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