Solar Millennium AG conducts cash capital increase

• Intensifying the growth course
• Issuing up to 2,584,505 new shares
• Subscription period from 19 February to 4 March 2008
   
  

Erlangen, 15 February 2008. Solar Millennium AG (ISIN DE0007218406) is
conducting a cash capital increase from authorized capital with pre-emptive rights.
Up to 2,584,505 new registered shares will be issued. The issuing proceeds will be
used to finance further expansion under the current business model.

This capital increase is the first since the company was listed on the stock market in
July 2005. The new shares can be subscribed from 19 February to 4 March 2008 via
Commerzbank AG. The capital increase will expand the share capital to up to 12.5
million shares. Under the subscription ratio, four old shares give entitlement to one
new share. The subscription price will be fixed and published on 25 February 2008.
The subscription rights (ISIN DE000A0TGM35) can be traded in the period from 25
February to 29 February 2008. The subscription right is excluded for a peak sum of
105,632 shares ruled out. The new shares bear profit-share entitlement for the past
financial year 2006/2007.

The capital increase is to secure the required capital base for Solar Millennium's
growth strategy. The issuing proceeds will finance the expansion of both project
development activity and the company's technological lead. The aim is to strengthen
its position in existing markets and allow entry into further markets. The first priority in
using the funds is the development and realization of further projects in the Spanish
and US markets. Five projects are to be developed and implemented in these
countries in the current and next financial year. In order to promote
internationalization, the company shall also intensify project developments in other
countries in the earth's Sun Belt.

To expand its technological lead, the proceeds from the capital increase will be also
used for research and development activities for the further optimization of the
parabolic trough technology. The aim is to strengthen the technological lead of the
Solar Millennium group. Through investment in research and development, Solar
Millennium intends to significantly reduce the costs of solar thermal electricity
generation.

The members of the executive board and of the advisory board intend to exercise
their subscription rights to the full.

The German version of the approved securities prospectus can be downloaded from
the company's internet page at www.SolarMillennium.de.

Further information on this report:
This report is solely directed at persons residents of Germany. It is not an offer to sell
and not a request to purchase Solar Millennium AG securities.
This report is not directed at residents of the United States of America, the United
Kingdom, Canada, Japan or any other country except for Germany. The contents of
the internet pages are not an offer to purchase securities in the United States of
America. The securities cited on the internet pages have not been and will not be
registered in their present form in the United States of America under the current
version of the US Securities Act of 1933 and may not be sold or offered for sale
without registration or on account of an exemption from the obligation of registration.
No public offering of the securities will be made in the United States of America. The
information contained on the internet pages is not intended for reproduction in the
United States of America.

About Solar Millennium AG:
Solar Millennium AG, Erlangen, is a globally active company in the renewable energy
sector, with its main focus on solar thermal power plants. Together with its
subsidiaries, Solar Millennium specializes in parabolic trough power plants - a
reliable, proven technology in which the company is a worldwide leader. The
company covers all major business sectors of the value-added chain for solar thermal
power plants, from project development to technology and turn-key construction of
power plants, to the operation and ownership of power plants. In Spain, Solar
Millennium developed Europe's first ever parabolic trough power plants, two of which
are already under construction. Further projects are planned with a capacity of
several hundred Megawatts located worldwide, with the focus upon Spain, the USA,
China and North Africa. The company is also developing solar chimney power plants,
with the aim of making this technology ready for the market.

About the technology:
Solar thermal power plants generate electricity using heat energy captured from solar
radiation. In a parabolic trough power plant, trough-shaped mirrors concentrate the
sun's rays onto a pipe in the focal line of the collector. Their absorption heats a
transfer fluid in the pipe, generating steam in the power block by way of heat
exchange. As with conventional power plants, the steam is utilized in a turbine to
generate power, and by integrating thermal storage, this power can be supplied on
demand. Thus, solar power plants can also generate electricity after sunset.

You can download the press release here.