EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Solar-Fabrik discontinues Singapore cell production, module business continues volume growth an

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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26.10.2011

The executive board at Solar-Fabrik AG (ISIN: DE0006614712) decided
to discontinue the solar-cell production at Solar Energy Power Pte.
Ltd. (SEP) in Singapore by the end of 2011. Solar-Fabrik has held 90%
of SEP since 2006 and the Singapore based company was an important
strategic cell supplier for Solar- Fabrik modules throughout 2009 in
the global undersupply situation. With the dramatic 2009 switch
towards continuous oversupply in the global market SEP has lost its
strategic relevance and after the termination of the last wafer
supply agreement cell production at SEP is not economically viable
any more. The end of SEP operation represents the final step for
Solar-Fabrik towards a complete focus on its module business as well
as the new business segments installation and power generation.
Solar-Fabrik reconfirms the performance of its core module business
with continued volume growth and a positive EBIT throughout Q3- 2011.

The end of SEP operation generates additional anticipated charges for
this segment as of September 30, 2011, of ca. 2.6 million euros
primarily by writing off fixed assets as well as prepayments for the
wafer supply contract, causing Solar-Fabrik Group´s results for 2011
to become negative. Freddy Goh, the Managing Director of SEP and CTO
at Solar-Fabrik AG will retire from both positions in April 2012.

Solar-Fabrik´s PV systems core business generated continued volume
growth also in Q3-2011 and reached ca. 88 MWp for the first three
quarters 2011, representing some 10% yoy growth. The Q3 financial
results will be published on November 10, 2011.

SEP´s end marks a major milestone in Solar-Fabrik´s re-positioning as
a German module manufacturer with an attractive product portfolio and
additional downstream integration. Both volume growth and positive
quarterly and total EBIT of the core business in an extremely
challenging 2011 environment are a sound proof for the successful
business model addressing the global PV growth market.

Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0
E-Mail: investor@solar-fabrik.de

end of announcement euro adhoc
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issuer: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Munzinger Str. 10
D-79111 Freiburg
phone: +49(0)761 4000 0
FAX: +49(0)761 4000 199
mail: info@solar-fabrik.de
WWW: http://www.solar-fabrik.de
sector: Alternative energy
ISIN: DE0006614712
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English