EANS-News: Sunways AG: Strategic transaction with BayWa AG trading group

- Sale of MHH Solartechnik GmbH to BayWa Green Energy GmbH
- Access
to the PV project business through the formation of a joint venture
with BayWa AG
- Strengthening of Sunways’ distribution base and
focusing on technological core competence

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Joint Ventures/Cooperation/Collaboration/Mergers - Acquisitions -
Takeovers

Subtitle: - Sale of MHH Solartechnik GmbH to BayWa Green Energy GmbH
- Access to the PV project business through the formation of a joint
venture with BayWa AG - Strengthening of Sunways’ distribution base
and focusing on technological core competence

Konstanz (euro adhoc) - Konstanz, 28 October 2009 - Under a purchase
contract dated 27 October 2009, Sunways AG, Konstanz, Germany
(Frankfurt Stock Exchange: SWW; ISIN DE0007332207), sold all its
shares in MHH Solartechnik GmbH, Tuebingen, Germany, to BayWa Green
Energy GmbH, a subsidiary of BayWa AG, Munich, Germany, effective as
of 31 December 2009. The transaction´s execution is subject to
several conditions, in particular clearance by the competent cartel
authorities under the merger control regulations. Pursuant to a
performance-related component of the contract, the purchase price for
MHH Solartechnik amounts to about EUR 15 to 20 million.
Simultaneously, by signing a term-sheet, the companies have agreed on
the formation of a joint venture in which Sunways AG will hold a 49
percent stake while 51 percent will be held by BayWa AG. The joint
enterprise is to be active in the area of developing, planning and
realizing medium-sized to large photovoltaic systems as well as solar
parks. Management board and supervisory board of Sunways AG have
given their approval for the sale of MHH Solartechnik GmbH as well as
for the joint venture´s formation. The two measures combined in the
transaction will form a link between the strategic components
distribution and focusing. The divestment of MHH Solartechnik GmbH
thus is an important step in the context of Sunways AG´s strategic
realignment that was started last year. Thanks to the strategic
partnership, the MHH distribution channel will continue to be
available; Sunways will inter alia use the additional liquid funds to
strengthen its international branding in a targeted manner. This will
increase the overall growth potential of Sunways. In the future, the
cell and inverter segments are to rely even more on technological
leadership that is to be expanded to include modules. The joint
venture´s objective is to bundle the competences of BayWa and Sunways
in order to exploit the market potential for large photovoltaic
systems via high-performance PV system solutions; and to strengthen
the marketing of building-integrated photovoltaics based on
customer-specific PV system solutions. In this context, the project
company to be newly founded will also use the solar components of
Sunways. Thus Sunways will expand its distribution activities, which
so far had been focused on installers and specialist solar retailers,
to complete these with the PV projects segment. Michael Wilhelm,
Chairman of the Management Board of Sunways AG, expects this
transaction to create substantial appreciation and growth potential:
"By selling MHH Solartechnik GmbH, Sunways is concentrating on its
core activities and creates additional growth potential. Sunways and
BayWa will perfectly complement each other within the new project
company as both firms already as of today rely on the sustainable
quality and high efficiency of their products and services in an
uncompromising and targeted manner. Our existing customers can also
expect improvements with respect to the quality of our products and
services as well as logistic services." Guenter Haug, Managing
Director of MHH Solartechnik GmbH, added: "Under the roof of the
financially strong trading specialist BayWa, we will be ideally
positioned to contribute our expertise and longstanding experience
and at the same time gain access to new markets. In this context, we
will continue to rely on the proven high-quality components of
Sunways."

This press release is also available on www.sunways.de.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use
of solar energy to secure long-term energy supply of man in an
efficient and sustainable manner. Sunways offers technological
competence, performance and highest quality - from single components
to complete solar systems.Since its foundation in 1993, Sunways AG
evolved into a technology leader in the photovoltaics industry
serving international markets. With silicon-based solar cells,
inverters, solar modules and solar systems, the company offers all
components required for high-yield photovoltaic power generation.
With photovoltaic solutions tailored to customers´ needs (transparent
and coloured solar cells, in buildings integrated photovoltaic
installations), Sunways makes exceptional ideas reality.Sunways AG
has own branch offices in Barcelone/Spain and Bologna/Italy;
subsidiaries of the company are Sunways Production GmbH in
Arnstadt/Germany as well as MHH Solartechnik GmbH in Tübingen/Germany
(distribution of components, layout of complete photovoltaic
installations).The shares of Sunways AG are listed at the Frankfurt
Stock Exchange (SWW, ISIN DE0007332207). In 2008, Sunways realised
sales of about EUR 260 million. About 400 employees are working in
the group.For further information, please visit www.sunways.de.

Forward-looking statements This press release contains statements
relating to the future business development of Sunways AG that are
based on management assumptions and estimates made at the time of
publication. Should the assumptions underlying the prognoses fail to
be fulfilled, actual events may vary substantially from
forward-looking statements. Uncertainties include changes in the
political, legal, economic and business environment, exchange and
interest rate fluctuations as well as the behaviour of competitors
and other market participants. Sunways does not intend and is not
under any obligation to update forward-looking statements on an
ongoing basis as these are exclusively based on the circumstances
prevailing as of the date of publication.

Ende der Mitteilung euro adhoc
--------------------------------------------------------------------------------

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

Further inquiry note:

Dr. Harald F. Schaefer

Head of Corporate Communications & Investor Relations

Tel.: +49 (0)7531 996 77-415

E-Mail: communications@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade