2010-02-25

Solar Millennium AG's statement regarding an online article published on 24 February

Erlangen, 25 February 2010. Solar Millennium points out that the sale of stakes in the planned Ibersol project in the south of Spain were fully and accurately represented in the 2008/2009 Annual Report. Solar Millennium herewith specifies its announcement from 18 November 2009 insofar as the sale of 50 percent of the project company to Ibersol Kraftwerks GmbH, 50 percent of which belong to Solar Millennium AG, came into legal effect as of 30 October 2009 after the required board approvals were granted on 17 November 2009. This was correctly presented in the press release from 18 November 2009. An article published on 24 February 2010 surmises that the sale of another 50 percent share of the project company to Ferrostaal AG "had failed". This is not true. A Ferrostaal AG spokesman confirmed to the media that the sale and purchase agreement contract with Solar Millennium has been signed. This has already resulted in the release of a corrected version of the respective article concerning this point.

Solar Millennium would like to further specify the press release from 18 November 2009 insofar as the sale of another 50 percent to Ferrostaal AG was, and partly still is, subject to certain conditions as well as board approvals. This was fully and correctly represented in the Annual Report, i.e. the transaction was not included in the balance sheet in the scope of the 2008/2009 financial statements.