S.A.G. Solarstrom AG: greater portion of convertible bond extended

S.A.G. Solarstrom AG: greater portion of convertible bond extended

Freiburg, July 9, 2012. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg i. Br., in May made an offer to the holders of the convertible bond issued in 2007 to extend the term until 2014. This offer was accepted by the majority of the holders. During the conversion period from May 30 to June 12, 2012, EUR7,415,500 was extended, EUR125,506.40 will be paid back to holders of the convertible bond on July 30, 2012, and EUR2,500 was converted into S.A.G. Solarstrom AG shares.

The convertible bond was issued on July 30, 2007 in the total nominal amount of EUR10,000,000.00 (ISIN: DE000A0TGEV3). The term of the convertible bond, with annual conversion periods in accordance with S.A.G. Solarstrom AG's Annual General Meeting, was originally restricted to July 29, 2010 and was extended in June 2012 by a further two years, up to July 29, 2014 with an unchanged interest rate of 6.25%. The interest rate of the convertible bond was 6.85% up to July 29, and 6.25% after this date.

In this year's conversion period, in which holders can also optionally decide on an extension, a total of EUR7,415,500 of the convertible bond has been extended, which corresponds to 14,831 shares at EUR500.

For EUR2,500, which corresponds to 5 shares at EUR500, the holders made use of their conversion rights. The convertible bonds were exchanged for 975 no-par value bearer shares of S.A.G. Solarstrom AG with a proportionate amount of the capital stock of EUR2.56 each. For this purpose, 975 new shares were issued via a capital increase from contingent capital. The total number of S.A.G. Solarstrom AG shares increased accordingly to 13,111,551 no-par value bearer shares.

EUR125,506.40, which corresponds to 247 shares at EUR500 and 12 shares at EUR167.20, will be paid out accordingly to the holders of the convertible bond, plus interest, on July 30, 2012.

After the conclusion of the offer of extension and the conversion period, convertible bonds in the amount of EUR7,415,500 are currently outstanding, which can be optionally converted into 2,892,045 shares.

Detailed information on the convertible bond can be found on S.A.G. Solarstrom AG's website under Investor Relations / Convertible Bond.

About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of high-quality photovoltaic plants configured to customers' individual needs. The Group constructs efficient plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its own plants.

S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of photovoltaic plants, including forecast and energy services, yield reports, and remote service and maintenance, as well as insurance and financing. The Group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction.

Founded in 1998, S.A.G. Solarstrom AG is considered a pioneer in the solar industry. Around 210 specialists work at the four locations in Germany and the foreign subsidiaries.

S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock Exchange as well as according to the m:access rules and standards of the Munich Stock Exchange.

Further information: www.solarstromag.com

Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com

Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311

e-mail: pr@solarstromag.com / ir@solarstromag.com