2008-12-30

Solar Millennium publishes last fiscal year's preliminary results at the end of January 2009

Solar Millennium AG (ISIN DE0007218406) will be publishing the preliminary results of its
2007/2008 fiscal year at the end of January 2009. This change in timing on publication,
which was originally planned for December 2008, is due to pending board approvals on
selling shares of the Andasol power plants to a solar fund.

When added to the generated results from the project development and technology business
sectors, this sale is substantial to achieving the envisaged consolidated net profit for the
previous fiscal year of € 18 m. Should the board approval be further delayed, revenues and
net profit from this transaction will be realised in the current fiscal year 2008/2009 and thus
increase the planned result for this period.

About Solar Millennium AG:
Solar Millennium AG, Erlangen, is a globally active company in the renewable energy sector,
with a main focus on solar thermal power plants. Together with its subsidiaries, Solar
Millennium specialises in parabolic trough power plants - a reliable, proven technology in
which the company has a worldwide leading position covering all major business sectors
along the value chain for solar thermal power plants from project development over
technology and turn-key construction to the operation and ownership of power plants. In
Spain, Solar Millennium developed Europe's first ever parabolic trough power plants and
realised them together with partners. Further projects are planned worldwide with an overall
capacity of over 2,000 Megawatts. The current regional focus is on Spain, the USA, China
and North Africa. In addition, the company develops solar chimney power plants aiming to
make this technology ready for the market. More information at www.SolarMillennium.de.

About solar thermal power plant technology:
Solar thermal power plants generate electricity using thermal energy converted from solar
radiation. In a parabolic trough power plant, the solar radiation is concentrated by troughshaped
mirrors onto a pipe in the focal line of the collector and absorbed by a heat transfer
fluid which, thus, heats up to about 400°C. The heat is transported by the fluid to the power
block where it generates steam by means of a heat exchanger. As with conventional power
plants, the steam powers a turbine to generate electricity. And by integrating a thermal
storage, electricity can be supplied on demand, even after sunset.

You can download the press release here .