euro adhoc: REpower Systems AG / Financial Figures/Balance Sheet / REpower posts preliminary figures for 2005 Planned capital increase of EUR 2,160,599 Bertrand Durrande new Chairman of the Supervisor

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23.02.2006

Hamburg, 23 February 2006. REpower Systems AG (WKN 617703) installed
201 wind turbines in the 2005 financial year, following 161 turbines
in the previous year. There was a considerable increase of 33.3% in
installed output from 274.5 megawatts in 2004 to 366 megawatts. This
corresponds to an overall result of EUR 336 million and sales of EUR
331.0 million for the reporting period. The overall result totalled
EUR 301.4 million with sales of EUR 320.7 million in the previous
year. The export share thus increased from 31.9 to 72.4% with regard
to the new installations.

At EUR -4.3 million, earnings (EBIT) were slightly below the previous
year's level of EUR -3.4 million. Net loss was down from EUR -9.3
million in the 2004 financial year to EUR -6.3 million. Earnings per
share increased accordingly from EUR -1.72 to EUR -1.11 (undiluted).

The number of employees in the REpower Systems Group was up by 44
from 587 to 631 employees in 2006. This increase of around 7.5
percent relates primarily to the areas of Technology, Service and
Development.

REpower anticipates considerable sales growth and a positive
operating result for the current financial year. The Board of
Management is aiming to increase capital by using the remaining
authorised capital to finance further growth. Some of the funds are
to be used to integrate rotor blade production into the value-added
chain at REpower Systems AG. The Supervisory Board today adopted a
resolution approving the planned capital increase.

The plan is to increase capital, which currently stands at EUR
5,941,198.00, by a provisional amount of EUR 2,160,599.00 for cash
investments to a provisional total of EUR 8,101,797.00 and to issue
2,160,599 no-par value ordinary shares in the holder's name at an
issue price of EUR 1.00 per share with entitlement to dividend from 1
January 2005. It is also planned that Dresdner Bank
Aktiengesellschaft will apply for the new shares and be responsible
for offering them to company shareholders for subscription at a ratio
of 3:1 between the provisional dates of 24 March and 6 April 2006.
Subscription rights are to be excluded at a maximum amount of EUR
180,200.00.

The Board of Management and Supervisory Board of Repower Systems AG
will determine further details regarding the capital increase and the
conditions of issuing shares, in particular the purchase price at
which the new shares will be offered to shareholders, before the
start of the subscription period.

The Supervisory Board today elected Mr Bertrand Durrande, who is
currently a shareholder’s representative for the main shareholder
AREVA on the Supervisory Board, as its new Chairman. AREVA has also
undertaken to exercise its subscription rights in full during the
capital increase and to subscribe under special terms to additional
shares that will not have been subscribed for by other existing
shareholders and for which pre-emptive rights have been excluded.

Furthermore, REpower’s CEO, Prof. Dr. Fritz Vahrenholt, was given a
four-year employment contract running until April 2010, and an option
to extend the contract for a further year.

A telephone conference will be held in English for analysts,
investors and journalists in the run up to the Press and Analyst
Conference on Friday, 24 February 2006 at 10:00(CET). The dial-in
number is +49 (0) 69 27 113 400.

end of announcement euro adhoc 23.02.2006 17:51:58
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ots Originaltext: REpower Systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade