euro adhoc: Conergy AG / other / LG Electronics ends negotiations on Joint Venture in Frankfurt (Oder)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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06.11.2008

LG Electronics ends negotiations on Joint Venture in Frankfurt (Oder)

6th November 2008, Hamburg, Germany - Due to the uncertain outlook of
the global economy and changes in strategic direction, the Korean
company LG Electronics (LG) has informed Hamburg-based Conergy AG
(Conergy) that it currently does not wish to proceed with the
acquisition of a majority stake in Conergy´s solar module production
in Frankfurt (Oder) through a joint venture. LG will however continue
to review other options for cooperation with Conergy, a leading
global downstream player.

On 11th September 2008, Conergy and LG had signed a non-binding
Memorandum of Understanding to jointly operate the plant in Frankfurt
(Oder).

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Disclaimer:

This communication is neither a prospectus nor does it constitute an
offer to sell or the solicitation of an offer to purchase the shares
or other securities of Conergy AG and it does not substitute the
prospectus. Subject to the approval by the German Financial
Supervisory Authority a securities prospectus will be published prior
to the offer period and made available free of charge by Conergy AG
and the coordinators. The shares will be offered exclusively on the
basis of the prospectus required to be approved by the German
Financial Supervisory Authority.

This communication is not an offer of securities for sale in the
United States of America. Securities may not be offered or sold in
the United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act").

Any public offering of securities to be made in the United States of
America will be made by means of a prospectus that may be obtained
from Conergy AG and that will contain detailed information about the
company and management, as well as financial statements. Conergy AG
does not intend to register any part of the offering in the United
States.

The information contained in this communication is not for
publication or distribution in or into the United States of America,
Canada, Australia or Japan and does not constitute an offer of
securities for sale in the United States of America, Canada,
Australia or Japan.

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

Further inquiry note:

Christoph Marx

Tel.: +49 (0)40 27142-1634

Email: c.marx@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade