euro adhoc: Solar-Fabrik AG / Capital measures / Capital increase of Solar-Fabrik AG oversubscribed - placement price of EUR 9.15 brings net issuance proceeds of about EUR 7 million - issuance proceed

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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12.10.2006

Freiburg i.Br., October 12, 2006 - Solar-Fabrik AG has determined the
placement price for the issuance of up to 800,000 shares to be EUR
9.15 per new share. The private placement has been oversubscribed.

On October 3, 2006, the board of directors of Solar-Fabrik
Aktiengesellschaft für Produktion und Vertrieb von solartechnischen
Produkten, Freiburg i.Br., has, in agreement with the supervisory
board, decided to increase the authorized capital of the company from
currently EUR 8,100,000.00 by up to EUR 800,000.00 to EUR
8,900,000.00 against cash contributions. The increase is effected by
issuing up to 800,000 new no-par-value ordinary bearer shares (no-par
shares) with a partial amount of the authorized capital of EUR 1.00
per share. Subscription rights of current shareholders have been
excluded. The new shares have been offered to investors via private
placement; the entire volume has been successfully issued under the
agreed conditions.

The net issuance proceeds are about EUR 7 million and enable a rapid
rise in turnover, as well as an above average increase in income.
Short-term investments and a further increase in capacity allow the
sales target for 2007 to be raised by about 80% to EUR 130 million.
In addition, a doubling of the EBIT margin - from at least 5% for
2006 - to a minimum of 10% for 2007 is expected. The improved margin
is due to the successful extension of the value chain associated with
securing wafer capacities, solar cell and module production. At the
same time, group overhead costs are expected to remain at the same
level. The equity dilution caused for current shareholders by the
capital increase is expected to be compensated by saved costs for
debt capital.

end of announcement euro adhoc 12.10.2006 15:52:02
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ots Originaltext: Solar-Fabrik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

This ad-hoc notice is neither an offer for selling no-par shares, nor a request
to place an offer to buy no-par shares. It is designed for information purposes
only.

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade