euro adhoc: REpower Systems AG / Management Changes / REpower restructures management level

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Company Information

02.11.2007

- Current Supervisory Board members Dr. Hans-Joachim Reh and Dr.
Jorge Martins resign from office at the end of the year

- CEO Prof. Fritz Vahrenholt and André Horbach in company's
Supervisory Board as of 1 January 2008

- Per Hornung Pedersen to become REpower´s CEO

- Executive Board to be expanded to five members in first half of
2008

Hamburg, 2nd November 2007. In preparation for the planned growth in
the coming years, the management level of REpower Systems AG (WKN
617703) is to be restructured. This was resolved by the Supervisory
Board in its meeting today. Dr. Hans-Joachim Reh and Dr. Jorge
Martins will resign from their office as members of the Supervisory
Board at the end of the year. Prof. Fritz Vahrenholt will withdraw
from the day-to-day business as CEO of the wind turbine manufacturer
by the end of year and move to the Supervisory Board. Mr. André
Horbach, Group CEO of Suzlon will also join the Supervisory Board.
Prof. Dr. Vahrenholt and André Horbach shall be appointed by the
local court. It is also intended that Mr. Vahrenholt will be elected
as the Deputy Chairman of the Supervisory Board. The Supervisory
Board has appointed Per Hornung Pedersen as CEO from 1 January 2008.

Pedersen's last position was that of CEO of Suzlon Energy A/S in
Aarhus, Denmark, a subsidiary of Suzlon Energy Ltd., Pune. The Indian
company controls 86.5% of voting rights in REpower Systems AG.

In addition to Pieter Wasmuth and Matthias Schubert, two new members
of the Executive Board, as yet unnamed, will be appointed during the
first half of 2008. They will be responsible for the following
corporate divisions: Purchasing, Production and Logistics and Sales,
Marketing, Project Management and Asian business.

Having previously held positions such as that of director of Bosch
Telecom Danmark A/S and CFO of NEG Micon, now owned by Vestas, since
1 August 2004, the designated CEO of REpower, Per Hornung Pedersen,
was the CEO of Suzlon Energy A/S, responsible for expanding the
company outside India and the associated development of Suzlon
subsidiaries in countries including Denmark, the US, Australia,
China, Spain or Brazil.

end of announcement euro adhoc 02.11.2007 12:29:28
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ots Originaltext: REpower Systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade


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