DGAP-Adhoc: Centrosolar Group AG: Sale of Solar Glass business to Thin Glass Specialist Ducatt

Centrosolar Group AG / Key word(s): Disposal

07.05.2013 16:14

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

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Synergies with new owner - reduction of financial liabilities for
CENTROSOLAR - milestone in restructuring program

Munich, May 7, 2013. CENTROSOLAR Group AG has signed a share purchase
agreement on the sale of 100% of Centrosolar Glas GmbH & Co. KG, Fürth,
Germany, to Ducatt NV, Lommel, Belgium. Centrosolar Glas is the technology
leader for antireflective coated solar glass offering maximum light
transmission. CENTROSOLAR Group AG decided to divest this non-core business
as a part of its restructuring program. CENTROSOLAR sells its glass
activities for a symbolic purchase price plus a share of future profits.
Thus, CENTROSOLAR reduces its consolidated financial liabilities by approx.
EUR 14 million with this transaction. Moreover, the divestment is a
milestone for CENTROSOLAR to focus on its core business of PV roof systems
for private and commercial applications. The CENTROSOLAR module
manufacturing plant will continue to purchase a significant share of its
glass need from Centrosolar Glas and Ducatt.

By integrating CENTROSOLAR's glass processing business into an advanced
glass producer significant further cost and technology improvements can be
implemented. Centrosolar Glas can not only profit from synergies with the
glass melting activities of Ducatt; but also from Ducatt's technological
edge in thin patterned glass for solar applications. Thin glass is a key
prerequisite for a new generation of glass-glass modules that offer a
significantly longer life time than the traditional glas-foil modules
avoiding the disadvantage of higher weight and cost that carry thick
glass-glass modules. CENTROSOLAR had introduced a glass-glass module based
on thin glass in autumn 2012 as the first mover.

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Information and Explaination of the Issuer to this News:

About CENTROSOLAR Group AG:

The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN
514850) is one of the leading suppliers of photovoltaic (PV) systems for
roofs and key components, with around 950 employees in Europe and North
America and annual revenue of more than EUR 200 million (2012). Its product
range comprises solar integrated systems, modules, inverters and mounting
systems. Over two-thirds of revenue is generated internationally. There are
CENTROSOLAR branches in Italy, France, Greece, Switzerland, the
Netherlands, the UK, Canada and the USA. CENTROSOLAR manufactures
photovoltaic modules at a production plant in Wismar (Germany). The module
production plant certified to DIN ISO 9001:2008 is one of the largest and
most efficient such plants in Europe, with an annual capacity of 350 MWp.

Centrosolar Glas is a leading solar glass manufacturer with production
plants in Germany and China with an annual production capacity of eight
million square metres. Centrosolar Glas is leading in antireflective
coating, offering higher light transmission and thus higher yields for
solar applications.

For further information, visit: www.centrosolar-group.com.

For more information, please contact:

MetaCom GmbH

Georg Biekehör

tel.: +49 (0)6181 9828030

e-mail: g.biekehoer@go-metacom.de

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Language: English
Company: Centrosolar Group AG
Walter-Gropius-Str. 15
80807 München
Germany
Phone: +49 (0)89 20 1800
Fax: +49 (0)89 20 180 555
E-mail: info@centrosolar.com
Internet: http://www.centrosolar-group.de
ISIN: DE0005148506, DE000A1E85T1,
WKN: 514850, A1E85T,
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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