euro adhoc: other / centrotherm photovoltaics acquires 100 percent of GP Solar

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

29.04.2008

• Remaining 25.2 percent of subsidiary acquired
• Dr. Peter Fath appointed CTO
• Expansion of technology expertise

Blaubeuren, April 29, 2008 - Today, the management and supervisory
boards of centrotherm photovoltaics AG signed an agreement to acquire
the entirety of GP Solar GmbH. The company, which is based in
Constance, provides products, consultancy services, and technology
for photovoltaics with a focus on quality control and process
technology for the manufacturing of solar cells and solar modules. GP
Solar currently employs a workforce of over 70 members of staff. The
purchase price is subject to a confidentiality agreement.

The acquisition enables centrotherm photovoltaics to take an
important step forward in its strategy of expanding its solar silicon
division, and in the simplification of the Group structure: the
acquisition of the remaining 25.2 percent of GP Solar now means the
company holds larger indirect stakes in SOLMIC GmbH and centrotherm
SiQ GmbH. Both companies are important partners in the solar silicon
area.

centrotherm photovoltaics already holds 74.8 percent of GP Solar. The
founder and Managing Director of GP Solar, Dr. Peter Fath (40), held
the remaining percents. He will strengthen the Management Board team
of centrotherm photovoltaics AG from May 1, in his role as Chief
Technology Officer (CTO). To date, the Management Board has consisted
of three members. Dr. Fath, who holds a doctorate in physics, will be
responsible for the newly created Management Board area of Overall
Technology, Research & Development, and Group Marketing. His initial
focus will be on further expanding the company´s technology expertise
in the areas of crystalline solar cells, thin-film technology, and
solar silicon. Dr. Fath will also be responsible for developing and
implementing the marketing strategy across the centrotherm Group. In
addition, Dr. Peter Fath will be active as Managing Director of
centrotherm Photovoltaics Technology GmbH.

---- - End of the ad hoc announcement -

Dr. Peter Fath, who is a native of Baden-Württemberg, has to date
been active as Managing Director of GP Solar GmbH. Dr. Fath founded
GP Solar in Constance in 1999. He also founded SOLMIC GmbH together
with a partner in 2005. SOLMIC GmbH is based in Burghausen. Dr. Fath
is still a member of the management of SOLMIC GmbH. Before founding
SOLMIC and GP Solar, Dr. Fath was responsible for research and
development at Sunways AG. Dr Fath looks back on a 17-year career in
photovoltaics in the areas of R&D, engineering, technology transfer,
and consulting, accompanied by over 170 publications and numerous
patents. He has been awarded several national and international
prizes for his work. "The appointment of Dr Faith appropriately
strengthens our Management Board team, with the aim of further
expanding our technology expertise and anchoring our fine-tuned
Group-wide marketing strategy in a target group focused manner,"
commented Robert Hartung, Spokesperson for the Management Board of
centrotherm photovoltaics AG. "This is a particularly important area
since our international customer base is expanding continuously, and,
besides suppliers from various sectors, increasingly also includes
energy supply companies and capital investors. We always keep one
objective in sight in this respect - namely our aim to use our
technology expertise to enable our customers to significantly reduce
their production costs, and consequently achieve decisive competitive
advantages."

About centrotherm photovoltaics AG centrotherm photovoltaics AG is an
internationally leading provider of technology and services for the
production of solar cells and solar silicon. The broad product
spectrum comprises key equipment and turnkey production lines for
crystalline and thin-film solar cells. The product range is
supplemented by reactors and converters for the manufacturing of
solar silicon. Business operations currently focus on the growth
market of Asia. The international customer base includes well-known
companies from the solar sector. The company, which is based in
Blaubeuren near Ulm, currently has over 320 employees.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Tel: +49 (0) 7344 918-8890

saskia.schultz-ebert@centrotherm.de

Press contact:

Grit Pauli

HOSCHKE & CONSORTEN Public Relations GmbH

Tel: +49 40 3690 50-31

E-mail: g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard