DGAP-Adhoc: SolarWorld AG comes to preliminary agreement with major creditors of assignable loans (Schuldscheine) regarding essential economic principles for restructuring of financial liabilities

SolarWorld AG / Key word(s): Capital Reorganisation

30.04.2013 10:50

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Ad-hoc-Announcement according to § 15 WpHG

April 30, 2013
Ad hoc-Service der SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)

SolarWorld AG comes to preliminary agreement with major creditors of
assignable loans (Schuldscheine) regarding essential economic principles
for restructuring of financial liabilities

SolarWorld AG came to a mutual understanding with creditors of assignable
loans (Schuldscheine) representing about 80 percent of the outstanding
assignable loans debt with regard to essential economic principles of a
concept for restructuring SolarWorld's financial liabilities. This
preliminary agreement is still subject to the approval of all committees.
The plan will enable the company to reduce its noncurrent liabilities by
approximately 60 percent. As a further component, a capital reduction of
about 95 percent in combination with a capital increase against
contribution in kind will be suggested to an extraordinary shareholders'
meeting of SolarWorld AG. As part of the capital increase, a significant
proportion of financial liabilities (about 60 percent) is to be discharged
by a debt-to-equity-swap.

In all material respects, the creditors of two bonds (ISIN XS0478864225 and
ISIN XS0641270045) will receive treatment equal to that of the other
non-secured financial creditors of the company. To take the bondholders'
interests into account to the best possible extent, creditor meetings will
be convened shortly to enable the bondholders to each appoint a joint
agent.

Bonn, April 30, 2013

SolarWorld AG
Management Board

Contact
SolarWorld AG
Investor Relations
Phone: +49228/55920-470; Fax: +49228/55920-9470,
Email: placement@solarworld.de; Internet: www.solarworld.de

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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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