euro adhoc: REpower Systems AG / Mergers - Acquisitions - Takeovers / REpower begins negotiations with majority shareholder on control and profit transfer agreement

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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01.09.2008

Hamburg, 1 September 2008. Tulsi R. Tanti, CEO of the Indian Suzlon
Group, has today submitted a request to the REpower Systems AG´s (WKN
617703) Executive Board to begin negotiations on a control and profit
transfer agreement with SE Drive Technik GmbH ("SEDT"), Bochum,
Germany. SEDT is a subsidiary of the Suzlon Group which owns approx.
67.22% of the share capital of REpower Systems AG and about 89.7% of
the voting rights.

A control and profit transfer agreement would result in the
management of REpower Systems AG being assumed by the majority
shareholder. In return, outside shareholders will receive an annual
compensatory payment in accordance with Article 304 of the
Aktiengesetz (AktG - German Stock Corporation Act). In addition to
the compensation obligation in accordance with Article 304 of the
AktG, a control agreement must contain the obligation that the
controlling company will, if requested by an outside shareholder,
purchase said shareholder´s shares for an appropriate settlement,
specified in the agreement (Article 305 of the AktG). A duly
qualified auditor, appointed by the court, will report in writing on
the appropriateness of any compensatory payment or settlement.

The validity of the control and profit transfer agreement, yet to be
negotiated and concluded, will be subject to approval by the
Supervisory Board and the Annual General Meeting as well as subject
to entry in the commercial register.

end of announcement euro adhoc
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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)40-5555090-3051

E-Mail: t.schnorrenberg@repower.de

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