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Solar-Fabrik AG

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Polysilicon Supply Agreement with Hoku is terminated

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Contracts
04.09.2008
Ad hoc Announcement pursuant to Sec. 15 German Securities Trading Act
dated 4 September 2008
On 4 September  2008,  Hoku  Materials,  Inc.  ("Hoku")  has  
terminated  the Polysilicon Supply Agreement between Hoku and Global 
Expertise  Wafer  Division Ltd. (GEWD), a 100% subsidiary of 
Solar-Fabrik AG,  following  Hoku  and  GEWD's inability to agree 
upon the terms  of  an  amendment  to  the  Supply  Agreement 
concerning Hoku's financing requirements. Under this Supply Agreement
Hoku  had agreed to deliver polysilicon to  GEWD  starting  at  the  
end  of  2009.  As  a consequence of the termination, Hoku is 
obligated to refund a prepayment in  the amount of USD 2 million as 
well as to return a letter of credit  in  the  amount of USD 25 
million  to  GEWD.  In  addition,  there  are  no  further  rights  
or obligations of the parties under the Supply Agreement.
end of announcement                               euro adhoc

Further inquiry note:

Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade

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