Ad hoc disclosures

SSP litigation becomes final in favour of PNE WIND AG

Cuxhaven, November 7, 2011 - PNE WIND AG does no longer face any liability from the sale of its stake in SSP Technology A/S. SSP Technology Holding ApS, a company of the VENTIZZ Group, has today abandoned its appeal against the dismissal of its action by the Stade District Court dated 7 October 2010. As a consequence, this judgment becomes final.

PNE WIND AG restructures its Board of Directors

Cuxhaven, 16th March 2011 – The wind farm developer, PNE WIND AG (ISIN DE000A0JBPG2), announces changes in its Board of Directors. Concluding a successful business phase Bernd Paulsen, previously responsible for operations (COO), will leave the company on 31st March 2011, having taken on new challenges with a stronger focus on the technical area. As new COO, the Supervisory Board today has appointed Markus Lesser, who has more than 10 years of experience in the renewable energies sector.

PNE WIND AG publishes key data for 2010 and plans to pay a dividend

Cuxhaven, 16th March 2011 – In the past financial year, PNE WIND AG (WKN A0JBPG, ISIN DE000A0JBPG2, stock exchange code PNE3) achieved an operating result (EBIT) in accordance with IFRS corporate figures amounting to EUR 9.5 million (previous year: EUR 14.7 million), – the definitive key value for project developers. The result of normal business operations (EBT) was EUR 5.4 million as compared with EUR 9.9 million in the previous year. Based on the results, the Executive Board confirms its forecast, that the cumulated EBIT for 2010 to 2012 will total at least EUR 42 to 54 million euro.

Stade District Court dismisses entirely the action against PNE WIND AG with an amount in dispute of EUR 54.28 million in connection with the sale of the stake in SSP Technology A/S

Cuxhaven, 7th October 2010 - The Stade District Court has today dismissed the action of SSP Technology ApS, a company of the VENTIZZ-Group, which was directed at the reversal of the sale of the majority stake in SSP Technology A/S held by PNE WIND AG until 2008 against re-payment of the purchase price of approx. EUR 34.54 million and an additional reimbursement of expenses in the amount of EUR 19.47 million.

PNE WIND AG places convertible loan and capital increase and financial investor Luxempart S.A. invests

Cuxhaven, 14th June 2010 – The wind farm developer PNE WIND AG (ISIN: DE000A0JBPG2) has successfully completed the capital measures required for the financing of further growth. In detail, a capital increase of 1,249,500 new shares was placed from authorised capital at a purchasing price of € 2.00 per share certificate. In addition, a convertible loan was offered that was drawn at a volume of € 26m.

The financial investor Luxempart S.A. is planning an investment in PNE WIND AG

Cuxhaven, 18th May 2010 - The financial investor Luxempart S.A. is planning an investment in the wind farm developer PNE WIND AG (ISIN: DE000A0JBPG2) to the total of approx. 15% of the nominal capital (after execution of the transactions presented in the following) through signing bonds of a convertible bond to be issued and shares of a capital increase to be carried out, which in each case should be offered with subscription right to all shareholders.

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