euro adhoc: centrotherm photovoltaics AG / Restructuring & Recapitalisations / centrotherm photovoltaics issues a total of 5,162,382 new shares as part of a combined capital increase against contribu

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

03.11.2008

Blaubeuren, November 3, 2008 - centrotherm photovoltaics AG
determined today the final placing volume for the combined capital
increase against contribution in cash and in kind. This capital
increase was the subject of a resolution passed on October 14, 2008
by the Management Board of centrotherm photovoltaics, and by approval
of its Supervisory Board. The company's share capital will
consequently be raised by EUR 5,162,382 from EUR 16,000,000 to EUR
21,162,382 through the issue of 5,162,382 new shares. The execution
of the capital increase will be entered in the commercial register
prospectively on November 4, 2008, and the new shares will be
included in the existing share listing prospectively on November 5,
2008.

The integration of sister company centrotherm Thermal Solutions GmbH
& Co. KG, which is a leading manufacturer of thermal production
equipment for solar cells, forms the focus of the transaction.
Shareholder Hartung Beteiligungs GmbH has subscribed for all of the
4,224,293 new shares to which it is entitled by exercising its
subscription rights. To this end, it has transferred all shares in
centrotherm Thermal Solutions and its general partner into
centrotherm photovoltaics as contribution-in-kind on the basis of a
subscription price of EUR 32.50 per new share.

In line with the 2:1 subscription ratio, all remaining shareholders
were entitled to subscribe for one new share for every two old shares
held, and in exchange for EUR 20 per new share in cash. A total of
938,089 new shares were subscribed for as part of this transaction.
centrotherm photovoltaics consequently receives gross issue proceeds
of around EUR 18.8 million from the cash component of the
transaction. These proceeds can be invested in the company's further
growth.

---- 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 were made and are 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 meant for release, publication or distribution,
directly or indirectly, in or into the United States, Canada, Japan
and Australia.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Senior Managerin 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