euro adhoc: Conergy AG / Restructuring & Recapitalisations / Conergy AG plans equity issue without subscription rights

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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08.03.2007

Conergy AG plans equity issue without subscription rights

Hamburg, 8th March 2007: Conergy AG (ISIN DE 0006040025) plans to
place up to 2,999,999 shares from an equity issue. On the basis of
the authorisation given by the Annual General Meeting on May 29th
2006, the Board of Management and Supervisory Board of Conergy AG
intend to increase the company’s registered capital by up to 10%
without subscription rights. Conergy has appointed Commerzbank
Corporates & Markets and J.P. Morgan Securities Ltd. as Joint Lead
Managers and Joint Bookrunners in this transaction.

The placing price for the up to 2,999,999 shares will be set by means
of an accelerated bookbuilding process. The offering of the new
shares by means of an accelerated bookbuilding is exclusively
directed at German and international institutional investors. The
proceeds of the equity issue will be used to finance further growth.
Conergy is about to finalize negotiations to secure supplies of solar
grade silicon for the solar wafer, cell and module production in the
Frankfurt/Oder plant for 2007, 2008 and for further expansion beyond
2008. In order to secure its position and lower purchase prices
Conergy intends to make certain up-front investments. Furthermore,
the equity issue will give Conergy flexibility to make acquisitions.
These are intended to reinforce Conergy’s technological know-how and
to speed up internationalisation

The placing price and the proceeds of the issue will be made public
in a separate Ad-hoc disclosure.

Important Information

This announcement contains forward-looking statements, which reflect
Conergy AG's current expectations and projections about future
events. Various known and unknown risks, uncertainties and other
factors could cause future results, financial condition, performance
or development of the Company to differ materially from those
described in these forward-looking statements. No obligation is
assumed by Conergy AG to update any forward-looking statements.

The information contained in this announcement is not for publication
or distribution in Canada, Australia or Japan and does not constitute
an offer of securities for sale in such countries.

The placement of shares and the distribution of this announcement or
other information in connection with the placement could be
restricted in certain jurisdictions by applicable law and any persons
who obtain any documents referred to herein or any other information
with respect thereto, must inform themselves about any such legal
restrictions and must observe these restrictions. Not observing any
of these legal restrictions could constitute a violation of the
applicable securities laws in the relevant jurisdiction.

This announcement 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. 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 or the selling shareholder and that will contain
detailed information about the company and management, as well as
financial statements.

This announcement is directed at and/or for distribution in the
United Kingdom only to (i) persons who have professional experience
in matters relating to investments falling within article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") or (ii) high net worth entities falling
within article 49(2)(a) to (d) of the Order (all such persons being
together referred to as "relevant persons"). Any investment or
investment activity to which this announcement relates is available
only to relevant persons and will be engaged in only with relevant
persons. This announcement is directed only at relevant persons. Any
person who is not a relevant person should not act or rely on this
announcement or any of its contents.

This announcement is not a prospectus in the meaning of the German
Securities Prospectus Act and the EU Prospectus Regulation Nr.
809/2004 of 29 April 2004 and, to the extent that it may constitute
an advertisement, does not constitute an offer to sell or the
solicitation of an offer to purchase the shares or other securities
of Conergy AG.

The information contained in this announcement is not for publication
or distribution in the United States of America.

end of announcement euro adhoc 08.03.2007 18:18:33
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
E-Mail: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
Midcap Market Index
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade


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