Annual General Meeting resolves payment of a dividend

19th May 2011 – This year, the shareholders of the project developer, PNE WIND AG (ISIN DE000A0JBPG2), will receive a dividend amounting to EUR 0.04 per qualifying share. This resolution has now been passed by the Annual General Meeting, which thus approved the proposal of the Board of Directors and the Supervisory Board.

The company was able to record a significantly positive result for the financial year 2010. The balance sheet profit reported in PNE WIND AGs annual accounts in 2010 (according to HGB - German Commercial Code) was EUR 4.1 million. About EUR 2.3 million of this will be carried forward. About EUR 1.8 million - at 45,775,826 shares eligible for dividend - will be distributed as a dividend to the shareholders in accordance with the majority resolution.

"This positive result endorses our strategy for growth through the expansion of our core business project development of national and international on- and offshore wind farms. In the past financial year we have made particularly great progress due to our intensified activities in offshore wind farms and our expansion into dynamic growth markets. We would also like our shareholders to participate appropriately in this positive company development", said Martin Billhardt, CEO of PNE WIND AG.

The Annual General Meeting also approved all other resolutions including the re-election of the past Supervisory Board members with a majority of over 90% in each case.

The exact results of the voting are available on the company's web page at www.pnewind.com under the Investor Relations section.