euro adhoc: centrotherm photovoltaics AG / Restructuring & Recapitalisations / centrotherm photovoltaics determines cash subscription price for new shares at EUR 20.00 per share

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

27.10.2008

Blaubeuren, October 27, 2008 - With the approval of the Supervisory
Board, centrotherm photovoltaics AG's Managing Board has determined
the subscription price for the up to 3,775,707 new shares today.
These can be subscribed against cash contribution as part of the
company's combined capital increase against cash and in kind at EUR
20.00 per share. This subscription price was set approximately 38
percent below the subscription price of EUR 32.50 per new share that
Hartung Beteiligungs GmbH will effectively pay for the new shares she
subscribes against contribution in kind.

The size of the combined capital increase against cash and in kind
will entirely reflect the extent to which shareholders exercise their
subscription rights. The period during which the subscription rights
can be exercised expires on October 31, 2008. Subscription rights not
exercised by the end of this period will lapse.

The syndicate banks led by Commerzbank as sole bookrunner and sole
lead manager in coordination with the company may offer and sell any
new shares not subscribed on the basis of the subscription offer
among qualified investors outside the United States of America,
Canada, Japan, and Australia by way of an international private
placement.

---- End of the ad hoc announcement ----

Disclaimer This document constitutes neither an offer of securities
for sale nor a solicitation of an offer to purchase securities in
Germany, the United States of America, Canada, Japan, Australia or
any other jurisdiction. No offer or sale of shares (the "Shares") in
centrotherm photovoltaics AG (the "Company") or rights to subscribe
for Shares in the Company is being made to the public in any
jurisdiction. This document does not constitute a securities
prospectus. With regard to the listing of the Shares, the Company
prepared a securities prospectus (the "Prospectus"), which has been
approved by the German Federal Financial Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) on October
15, 2008. Only this Prospectus including any supplements thereto, if
any, contains the information which is legally required to be
provided to investors. The Prospectus is available free of charge for
German residents on the Company's website; printed copies are
available free of charge for German residents during regular business
hours at the domestic offices of the Company and the underwriters.

Shares in the Company and rights to subscribe for Shares in the
Company may not be offered or sold in the United States or to or for
the account or benefit of "U.S. persons" (as such term is defined in
Regulation S under the Securities Act of 1933, as amended (the
"Securities Act")) absent registration or an exemption from
registration under the Securities Act. The Shares and the rights to
subscribe for Shares in the Company have not been and will not be
registered under the Securities Act.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order") or (iii) high net worth companies, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above
together being referred to as "relevant persons"). Securities in the
Company are only available to, and any invitation, offer or agreement
to subscribe for, purchase or otherwise acquire such securities will
be engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents.

This document is not for release, publication or distribution,
directly or indirectly, in or into the United States, Canada, Japan
and Australia.

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

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Senior Manager Investor Relations

Tel: +49 7344 918-8890

E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:

Christina Siebels, Grit Pauli

HOSCHKE & CONSORTEN Public Relations GmbH

Tel: +49 40 3690 50-58 /-31

E-mail: c.siebels@hoschke.de; g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard