euro adhoc: ersol Solar Energy AG / other / Agreement between Ventizz and Bosch regarding sale of majority stake in ersol

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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02.06.2008

Agreement between Ventizz and Bosch regarding sale of majority stake
in ersol

Ventizz Capital Fund II LP, Wilmington/Delaware, USA, and its
subsidiary Ventizz II Jersey Holding LP, Jersey, Channel Islands,
(Ventizz) have informed the Management Board of ersol Solar Energy AG
(ersol) that they have signed agreements with Robert Bosch GmbH
(Bosch) regarding the sale of its holdings in ersol amounting to
50.45% of the share capital. The purchase price for the shares
immediately sold, to be paid in cash, is EUR 546.4 million. This
translates to a per-share price of EUR 101.0, which is 63.3% above
the closing price of EUR 61.85 per share on Friday, 30 May 2008 and
68.3% above the weighted average price of ersol shares in XETRA® and
trading floor system over the three months prior to the announcement
of the transaction. The transaction is subject to the approval of the
customary antitrust authorities. As a result of the sale of the
holdings by Ventizz to Bosch, the latter will be submitting a public
offer for the remaining ersol shares.

The Management Board of ersol AG welcomes the proposed transaction
and considers Bosch to be an excellent partner for the continued
successful development of the Thuringian photovoltaic company. At the
announcement of the transaction Dr Claus Beneking, CEO of ersol Solar
Energy AG said he will be retiring from the Management Board of ersol
AG for personal reasons in the next few months. However, he will
continue to be available for the company for some years as a
consultant.

end of announcement euro adhoc
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ots Originaltext: ersol Solar Energy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Sonja Teurezbacher

Director Investor Relations

+49 (0)361 21 95-1130

sonja.teurezbacher@ersol.de

Branche: Alternative energy
ISIN: DE0006627532
WKN: 662753
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