Bond placed with approx. 66.3 mill Euro

Placement of the corporate bond closed at approx € 66.3 million

Cuxhaven, May 14, 2013 – Wind project developer PNE WIND AG (ISIN: DE000A0JBPG2) closed the private placement of the 8.0% corporate bond (WKN: A1R074 / ISIN: DE000A1R0741) on 10 May. Bonds with a total volume of approximately € 66.3 million were placed with institutional investors and private investors. The final placement volume will be determined by 17 May when the last subscription applications received via the Company website are settled. The Notes of the corporate bond are to begin trading on the Regulated Market of the Frankfurt Stock Exchange on Wednesday 15 May.

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PNE WIND AG publishes financial report for the first three months 2013

PNE WIND AG publishes financial report for the first three months 2013

• Growth strategy successfully continues through targeted acquisition of WKN AG and issuance of a corporate bond
• Planned wind farm project development expenses lead to an EBIT of EUR -2.5 million
• EBIT forecast for 2011 to 2013 confirmed – higher EBIT anticipated for the years 2014 and 2015

Cuxhaven, 13 May 2013 – Wind farm project developer PNE WIND AG (ISIN: DE000A0JBPG2) continued to ensure positive company developments in the first quarter of 2013. With the planned acquisition of the majority of the shares in WKN AG and the completed bond issue, the company is focused on creating future growth opportunities.

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Subscription period for corporate bond of PNE WIND AG starts

Subscripion period for corporate bond of PNE WIND starts

Cuxhaven, May 3, 2013 – The subscription period of PNE WIND AG’s corporate bond will start soon. In the course of a public offering in Germany, Austria and Luxemburg interested investors can send the subscription order as of May 6, 2013 to their brokers or banks by stating the ISIN DE000A1R0741, the Frankfurt Stock Exchange as well as the desired subscription volume. Moreover, PNE WIND AG offers an attractive subscription option for retail investors: via its website www.pnewind.com retail investors will be able to subscribe for the bond as of May 4, 2013. For the first 100 subscribers via the corporate website the issuer each guarantees an allotment of up to EUR 10,000. Allotments surpassing this amount may also be possible. The subscription period ends on May 10, 2013, subject to a premature termination.

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Rating: BBB- from Euler Hermes Rating

Euler Hermes Rating assesses PNE WIND AGs creditworthiness and sustainability at BBB-

Cuxhaven, 23rd April 2013 – Euler Hermes Rating has given the wind farm project developer, PNE WIND  AG a creditworthiness and sustainability rating of BBB- (equivalent to "investment grade"). With the realisation of the planned (foreign) projects and a corresponding stabilisation of income and cash flows, Euler Hermes Rating anticipates a positive development in the rating.

According to Euler Hermes decisive factors for the current rating are the current good capital structure and liquidity resulting from the sale of the "Gode Wind I to III" offshore wind farms. Due to the nature of the business, profitability and cash flow generation are subject to strong fluctuation. Liquidity is very dependent on project sales. In recent years PNE WIND AG has accelerated its project development activities which will lead to improving overall performance and increased profits in the coming years.

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Press release: PNE WIND AG purchases majority of WKN AG shares

PNE WIND AG purchases the majority of shares in WKN AG

Cuxhaven, 19th April 2013 – A new leading internationally active wind farm project developer is being created in the wind energy sector: PNE WIND AG, Cuxhaven, purchases approx. 54 percent of the shares in the wind farm development specialist, WKN AG, Husum from the former majority shareholder, Volker Friedrichsen Beteiligungs-GmbH. The share purchase contract was signed today. The purchase price is based on a company valuation amounting to approx. EUR 93 million and will be paid by PNE WIND AG with cash funds and shares. PNE WIND AG shares in the amount of 3,074,209, which were recently bought back at an average share price of Euro 2.66 will be used for this purpose. The Volker Friedrichsen Beteiligungs GmbH has informed PNE WIND AG that it, upon completion of the transaction, will purchase 168,680 convertible bonds issued in 2010 by PNE WIND AG from Luxempart SA, the current owner of the convertible bonds. The Volker Friedrichsen Beteiligungs-GmbH has also announced that they will exercise the conversion right of these convertible bonds into 7,667,272 shares upon completion of the transaction and will then hold approximately 20 percent of the expected number of outstanding PNE WIND AG shares.

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Zernitz II wind farm completed and Langwedel II wind farm under construction

Construction of 6MW-Zernitz II wind farm completed

Cuxhaven, 16. April 2013 – The wind farm project developer, PNE WIND AG, has completed the construction of the “Zernitz II” wind farm in Brandenburg comprising of three Vestas V90 wind turbines with a hub height of 95 meters and a total nominal capacity of 6 MW. The wind turbines are already operating.

In addition, PNE WIND AG has begun construction on another wind farm. The “Langwedel II” project in Lower Saxony will be constructed with four Vestas V90 wind turbines with a hub height of 125 meters and a total nominal capacity of 8 MW. The wind farm is scheduled to be completed and commissioned in 2nd quarter 2013.

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