EANS-News: Sunways AG / Important steps taken in connection with LKD Solar´s participation

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Capital measures/Mergers - Acquisitions - Takeovers

Subtitle: · Federal Cartel Office approves acquisition of an equity
interest by LDK Solar Germany Holding GmbH · Offer document has been
published by LDK Solar Germany Holding GmbH

Konstanz/Germany (euro adhoc) - 13 February 2012 - Two major hurdles
to the acquisition of an equity interest in Sunways AG (SWW:GR,
SWWG.DE, ISIN DE0007332207) by LDK Solar Co. Ltd. (LDK:US, LDK.N,
ISIN US50183L1070) through its German subsidiary LDK Solar Germany
Holding GmbH have been overcome. The Federal Cartel Office has
approved of the participation which is to be implemented, on the one
hand, in the form of Sunways AG´s capital increases resolved on 31
December 2011 and, on the other hand, via the takeover offer by LDK
Solar Germany Holding GmbH announced on the same day. Thus LDK Solar
Germany Holding GmbH may, in the context of the capital increases
from authorized capital, acquire about 33 percent of the increased
share capital of Sunways AG and additional shares under the takeover
offer. Furthermore, the Management Board of Sunways AG has been
informed today by LDK Solar Germany Holding GmbH that its offer
document was published upon approval by the Federal Financial
Supervisory Authority (BaFin).

The LDK Solar Group is among the world´s ten largest photovoltaics
companies in terms of sales. As the world´s largest fully integrated
manufacturer of silicon, wafers, solar cells and solar modules, LDK
Solar has supplied raw materials to Sunways AG for many years and has
been working with the company since 2010 under a cooperation
arrangement relating to the production of Sunways solar modules.

LDK Solar Germany Holding GmbH, with its corporate seat in Germany,
will subscribe for a total of 5.79 million new shares of Sunways AG
in the context of two capital increases against a cash contribution
and contributions in kind. The total issue amount will be EUR
11,001,000. Within the framework of the capital increase in kind,
Sunways AG will inter alia acquire the indirect ownership of a
company based in China and will thus have access to module production
plants of the LDK Solar Group in China. In addition to cost
advantages, this will also result in opportunities for the joint
development of high-efficiency solar modules. Furthermore, Sunways
AG, thanks to its multiple-award winning inverter technology and with
the aid of the sales presence of the LDK Solar Group, will also be
able to position itself from the start in one of the major growth
markets for photovoltaic products.

This press release is also available on www.sunways.eu/en.

Forward-looking statements This press release contains statements
relating to the future business development of Sunways AG that are
based on management assumptions and estimates made at the time of
publication. Should the assumptions underlying the prognoses fail to
be fulfilled, actual events may vary substantially from
forward-looking statements. Uncertainties include changes in the
political, legal, economic and business environment, exchange and
interest rate fluctuations as well as the behaviour of competitors
and other market participants. Sunways does not intend and is not
under any obligation to update forward-looking statements on an
ongoing basis as these are exclusively based on the circumstances
prevailing as of the date of publication.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use
of solar energy to secure long-term energy supply of man in an
efficient and sustainable manner. Sunways offers technological
competence, performance and highest quality - from single components
to complete solar systems. Since its foundation in 1993, Sunways AG
evolved into a technology leader in the photovoltaics industry
serving international markets. With silicon-based solar cells,
inverters, solar modules and solar systems, the company offers all
components required for high-yield photovoltaic power generation.
With photovoltaic solutions tailored to customers´ needs (transparent
and coloured solar cells, building- integrated photovoltaic
installations), Sunways turns exceptional ideas into reality. Sunways
Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in
addition, the group has own branch offices in Barcelone/Spain and
Bologna/Italy. In 2010, Sunways AG with about 340 employees realised
sales of around EUR 220 million. The shares of Sunways AG are listed
at the Frankfurt Stock Exchange (SWW:GR, SWWG.DE, ISIN DE0007332207).
For further information, please visit www.sunways.eu/en.

Further inquiry note:
Dr. Harald F. Schaefer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de

end of announcement euro adhoc
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company: Sunways AG
Macairestr. 3 - 5
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.de
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English