EANS-News: PNE WIND AG: EBIT of EUR 24.9 million after nine months / Earnings per share EUR 0.48

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quarterly report

Subtitle: • Sale of the “Gode Wind” projects makes significant
contributions to turnover and results • Forecast for the financial
years 2011 to 2013 confirmed: Cumulative EBIT amounting to between
EUR 60 and 72 million

Cuxhaven (euro adhoc) - 5th November 2012 - The wind farm project
developer, PNE WIND AG (ISIN DE000A0JBPG2), achieved an excellent
result for the first nine months of the 2012 financial year. During
this period, the company realised a turnover amounting to EUR 80.9
million (previous year: EUR 33.1 million). The EBIT increased very
significantly to EUR 24.9 million (previous year: EUR -0.7 million).
This corresponds to earnings per share of EUR 0.48. The balance sheet
profit increased the company's equity ratio to 49 percent as at 30
September 2012 from about 39 percent as at 31 December 2011. This
information was published in the PNE WIND AG quarterly report today.
At the same time the Board of Directors confirms its forecast; for
the financial years 2011 to 2013 a cumulative operating result (EBIT)
of EUR 60 to 72 million.

The sale of the "Gode Wind" I to III projects to DONG Energy in the
third quarter of 2012, together with other operational achievements,
formed the basis of this very positive business development. PNE WIND
AG has received the first installment from DONG Energy amounting to
approximately EUR 57 million for the shares in the "Gode Wind" I and
II, inclusive project development costs. During the coming two to
three years, PNE WIND AG expects to receive an additional EUR 100
million in milestone payments. These will become due upon the
completion of specified project development steps. In addition, PNE
WIND AG will support DONG Energy during the coming five years as a
service provider to the projects.

Intensive project development the in on and offshore projects
characterized our activities during the reporting period. In addition
to our successes in the offshore sector, PNE WIND AG was able to make
progress in the onshore sector. After the successful completion of
the repowering project, "Kemberg II", an additional wind farm is now
under construction in Germany.

Further projects will follow at home and abroad: PNE WIND AG is
compiling a portfolio of wind farms to be completed during the coming
years in Germany and Great Britain with a total nominal output
amounting to 180 MW. This package of projects will be offered to
investors for purchase in the first half of 2013 and will ensure
additional contributions to turnover and profits.

Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG,
commented on current developments: "By selling our "Gode Wind"
projects, we have significantly strengthened our capital base, which
can be seen in our excellent nine month figures. We will use the
payments received and those to come for the further development of
our on and offshore project pipeline. Our stronger financial base
also strengthens our ability to increase our dividend."

The nine months report can be downloaded from the website under
www.pnewind.com.

Company profile

With its headquarters in Cuxhaven, PNE WIND AG plans and realises
wind farm projects on land (onshore) and on the high seas (offshore).
In doing so, its core competence lies in the development, project
planning, and financing of wind farms and in their operation and
sales respectively with the provision of subsequent service. To date,
the company has constructed 98 wind farms with 568 wind energy plants
and a total nominal output of 814 MW. In Germany (onshore), wind farm
projects around 1,100 MW of nominal output are currently being
developed.

In addition to its business activities in the established German home
market, PNE WIND AG is increasingly expanding into dynamic growth
markets and is already represented in joint ventures and by
subsidiary companies in Hungary, Bulgaria, Turkey, Great Britain,
Rumania, USA and Canada. In these countries wind farm projects with a
nominal output of up to 2,000 MW are being developed and are to be
completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects,
of which four major projects in German waters have already been
approved. An entry into promising foreign markets is also being
examined with regard to the offshore sector.

Further inquiry note:
PNE WIND AG
Leiter Unternehmenskommunikation
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
Scott McCollister
Tel: +49(0) 47 21 - 7 18 - 4 54
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: scott.mccollister@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0)611 - 205855-64
Fax: +49(0)611 - 205855-66
E-mail: fischer@cometis.de

end of announcement euro adhoc
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company: PNE WIND AG
Peter-Henlein-Str. 2-4
D-27472 Cuxhaven
phone: +49(0)4721 718 06
FAX: +49(0)4721 718 373
WWW: http://www.pnewind.com
sector: Alternative energy
ISIN: DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English