Creditreform Rating AG updates SiC Processing GmbH with rating grade B- (watch) by August 2012

SiC Processing GmbH / Key word(s): Bond

22.08.2012 / 16:30

---------------------------------------------------------------------

Hirschau, 22.08.2012 - Creditreform Rating AG changes the rating of SiC
Processing GmbH to B- (watch).The downgrading from BBB- (watch) to B-
(watch) comes as a result of the difficult current market of the solar
industry. This situation led to lower revenues and a loss in the first half
of 2012. The decrease in group revenues compared to the first half of 2011
is mainly due to reduced levels of business at the Bautzen site as well as
the complete shut-down of wafer production and insolvency of
SiC's (former) customer REC Wafer Norway AS.

Despite the difficult market conditions, SiC Processing is pursuing its
expansion plans in Asia as planned. Year-end capacity of the SiC Group will
reach 290.000 tons end of 2012, thereof 234.000 tons in China.

The latest rating certificate is available on our website
www.sic-processing.com. The half year report 2012 as well as the rating
summary will be published in September. Please register at our website
http://www.sic-processing.com/index.php/Newsletter.html
to automatically receive the latest news of SiC Processing group

SiC Processing GmbH 
SiC Processing GmbH is the leading provider for the recovery of used slurry
from the photovoltaic and the semiconductor industries. With about 900
employees worldwide the group is active in 5 countries -with production
sites in Germany, China, Norway and the US as well as a sales office in
Italy. The founder's family holds a 25% stake alongside the majority
shareholder Nordic Capital Fund VII.

Press Contact:

Markus Kreuzer
Head of Marketing and Communications
Telefon: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer@sic-processing.de


End of Corporate News

---------------------------------------------------------------------

22.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


182572 22.08.2012