euro adhoc: Conergy AG / other / Sale of the "Conergy Wind" division to Warburg Pincus

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

09.09.2008

Conergy AG has sold its wind turbine generator business "Conergy
Wind" to Warburg Pincus, the global growth investor. With this
divestment, the company executes a further step in the reorganization
process to become a focused provider of downstream photovoltaic
products and services. The sale will result in a one-time, largely
non-cash write-off of approximately EUR 35 million from "discontinued
operations". The transaction is subject to the approval of the
responsible competition authorities as well as certain other
conditions, whose fulfilment is not assured. The parties have agreed
to not disclose the purchase price.

As part of the restructuring program, the Executive Board had
identified a range of businesses as non-strategic - and had decided
to discontinue them in the future. "Conergy Wind" was part of these
discontinued operations. Through Conergy Wind, the company had
developed and launched production and sale of the PowerWind 56, a
900kW wind turbine generator. After intense negotiations with several
parties, Warburg Pincus, the global growth financer, was selected,
who will acquire the entire business operations of Conergy Wind,
including development, sales, and the production facility at
Bremerhaven. All 64 jobs will be transferred to the acquiring entity
and will be kept.

The sale will result in a one-time, largely non-cash write-off of
approximately EUR 35 million from "discontinued operations". However,
the continued development of the wind turbine operations would have
bound significant liquidity of Conergy AG, as it had in the past,
which now becomes available. Through the transaction Conergy thus
increases its flexibility and gains additional headroom for the
expansion of its downstream photovoltaic business.

Disclaimer

This communication is neither a prospectus nor does it constitute an
offer to sell or the solicitation of an offer to purchase the shares
or other securities of Conergy AG and it does not substitute the
prospectus. Subject to the approval by the German Financial
Supervisory Authority a securities prospectus will be published prior
to the offer period and made available free of charge by Conergy AG
and the coordinators. The shares will be offered exclusively on the
basis of the prospectus required to be approved by the German
Financial Supervisory Authority.

This communication is not an offer of securities for sale in the
United States of America. Securities may not be offered or sold in
the United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act"). Any public offering of securities to be made in
the United States of America will be made by means of a prospectus
that may be obtained from Conergy AG and that will contain detailed
information about the company and management, as well as financial
statements. Conergy AG does not intend to register any part of the
offering in the United States.

The information contained in this communication is not for
publication or distribution in or into the United States of America,
Canada, Australia or Japan and does not constitute an offer of
securities for sale in the United States of America, Canada,
Australia or Japan.

end of announcement euro adhoc
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christoph Marx

Tel.: +49 (0)40 27142-1634

Email: c.marx@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade