centrotherm photovoltaics AG

EANS-Adhoc: centrotherm photovoltaics AG: Planned switch of former CEO to Supervisory Board and further changes to the Management and Supervisory boards

  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.

Blaubeuren, October 9, 2012 - The following changes to the Management and
Supervisory boards of centrotherm photovoltaics AG are planned following the
agreements reached today between the currently officiating Management Board
members, and the Supervisory Board members who have held office to date:

Current CEO Robert M. Hartung will step down from his position as a member of
the company's Management Board by agreement with the other Management Board
members and the Supervisory Board. Robert M, Hartung is to succeed his father,
company founder Rolf Hartung, as a Supervisory Board member as part of
succession arrangements.

Prof. Dr. Brigitte Zürn, previously the company's Supervisory Board Chairwoman,
and Rolf Breyer will continue as Supervisory Board members. Due to the end of
the period of office - as a consequence of the elapse of time - of the
Supervisory Board members who have officiated to date, the Management Board has
applied to the District Court of Ulm for the renewed appointment of Prof. Dr.
Brigitte Zürn, Rolf Hartung and Rolf Breyer as Supervisory Board members.
Following the effective relinquishing of his post as CEO, Robert M. Hartung is
also then to be court-appointed as a Supervisory Board member in line with the
proposal of TCH GmbH, which holds more than 25 percent of the voting rights in
the company.

Subject to the passing of a corresponding resolution by the Supervisory Board
which is to be court-appointed, further changes to the responsibilities and
roles within the boards of directors of centrotherm photovoltaics AG are also
planned in order to support the ongoing reorganization process. Consequently,
it is intended that Peter Augustin and Hans Autenrieth should be newly
appointed as Management Board members.

Peter Augustin, most recently a fully authorized representative of centrotherm
photovoltaics AG and CEO of centrotherm thermal solutions GmbH & Co. KG and
centrotherm cell & module GmbH, is to take over responsibility for the
expansion of the core Solar Cell & Module business, and for the further
diversification within the Semiconductors & Microelectronics area.

Hans Autenrieth, a company founder and former Management Board member of many
years' standing, and who has been available to the company in a consultative
function since June 18, 2012, is to reassume responsibility for the sales and
marketing areas as part of the ongoing reorganization process.

Jan von Schuckmann, previously Chief Restructuring Officer (CRO), is to be
appointed CEO. Tobias Hoefer is to remain the Management Board member
responsible for the company's self-administration and for the implementation of
the restructuring program.

It is also planned that Dr. Peter Fath, who has been Chief Technology Officer
(CTO) to date, will step down from the Management Board as part of the
reorganization process. He is nevertheless to remain connected with the company
in another function with his technology expertise and his excellent network
connections to international research institutions, including continuing to
support and drive further ahead with activities in the MENA region,
particularly in Algeria.

end of ad-hoc-announcement
About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a
globally leading technology and equipment provider for the photovoltaics
sector. The company equips well-known solar companies and new sector entrants
with turnkey production lines and single equipment to manufacture silicon, and
crystalline solar cells and modules. As a consequence, the Group possesses a
broad and well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance parameters such as
production capacity, efficiencies, and completion deadlines. The Group employed
around 1,300 staff as of August 31, 2012, and operates globally in Europe, Asia
and the USA. centrotherm photovoltaics achieved revenue in the 2011 financial
year of around EUR 700 million. The company is listed in the Prime Standard on
the Frankfurt Stock Exchange.

Further inquiry note:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de

Nathalie Albrecht
Manager Public Relations
Tel: +49 7344 918-6304
E-mail: nathalie.albrecht@centrotherm.de

end of announcement                               euro adhoc 

issuer:      centrotherm photovoltaics AG
             Johannes-Schmid-Str. 8
             D-89143 Blaubeuren
phone:       +49 (0) 7344 91880
mail:     info@centrotherm.de
WWW:      http://www.centrotherm.de
sector:      Energy
ISIN:        DE000A0JMMN2
indexes:     Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

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