DGAP-Adhoc: PNE WIND AG acquires three offshore projects in the North Sea

PNE WIND AG / Key word(s): Contract

17.09.2013 16:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cuxhaven, September 17th, 2013 - PNE WIND AG (ISIN: DE000A0JBPG2) has
acquired three off-shore projects in the North Sea through its subsidiaries
'Atlantis' I to III from BARD Engineering GmbH. The projects have been
developed so far from the previous owner that they are currently in the
planning approval process at the Federal Maritime and Hydrographic Agency
(BSH). PNE WIND AG intends to develop the acquired projects through the
permitting process and up until the point where they are ready to
construct.

The PNE WIND AG subsidiaries will pay EUR 17 million upon completion of the
purchase agreement which is dependent of various closing conditions.
Additional variable instalment payments, which could amount to
significantly more than the fixed payment, will be due to the seller as the
projects reach defined points in their development or have been sold.

According to current planning, up to 240 wind turbines with 5 MW of nominal
capacity each could be built in the three acquired offshore wind farm
projects. The project areas are located in the German Exclusive Economic
Zone (EEZ) in the North Sea.

Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com

PNE WIND AG
Investor Relations
Scott McCollister
Tel: +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
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

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Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: info@pnewind.com
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, , DE000A0Z1MR2, ,
DE000A1R0741
WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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