EANS-News: Scan Energy A/S / Scan Energy sets price range for IPO at EUR 9.00 to EUR 13.00 per share

Based on feedback from the roadshow meetings with institutional
investors, the management of Scan Energy A/S and HSBC Trinkaus &
Burkhardt, the Global Co-ordinator and Sole Bookrunner, have set the
price range for the IPO and defined further details of the offering.

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financing, Stock Offerings (IPO)

Subtitle: Based on feedback from the roadshow meetings with
institutional investors, the management of Scan Energy A/S and HSBC
Trinkaus & Burkhardt, the Global Co-ordinator and Sole Bookrunner,
have set the price range for the IPO and defined further details of
the offering.

Dybvad (euro adhoc) - Investors will have the opportunity to place
orders for the offered shares in Scan Energy (Ticker: 8SE; Common
Code: 046594398; ISIN: DK0060197226) within a price range of EUR 9.00
to EUR 13.00 per share. The offering period starts on 1 December 2009
and expires on 7 December at 12.00 noon CET for retail and
institutional investors. The trading of the shares on the Frankfurt
Stock Exchange is expected to commence on 9 December 2009.

"We are pleased with the positive feedback from potential investors
following the roadshow meetings. Scan Energy will be the first pure
play independent power producer focused on wind and solar to be
listed on the Frankfurt Stock Exchange. Our IPO offers investors an
opportunity to participate in the long-term growth of the renewable
energy market. We believe that the price range which has been
determined now provides an attractive investment opportunity and
reflects the current market environment.", said Karsten Olsen, CEO of
Scan Energy A/S. "Especially the good visibility of our cash flows
from a well diversified asset portfolio and the growth opportunities
in Poland and Italy have been of special interest to investors."

The offering consists of a public offering in Germany and private
placements in Denmark and in certain other jurisdictions outside
Germany and outside the U.S. Scan Energy offers up to 17,500,000 new
shares authorised to be issued by the company's general shareholders'
meeting. In addition, up to 2,625,000 existing shares from the
holdings of some of the current major shareholders are offered for
purposes of a potential over-allotment ("greenshoe"). If all shares,
including the greenshoe shares but excluding any warrants issued to
the subscribers who participated in the September 2009 share capital
increase, were placed, the free float of the company (excluding any
free float from the current shareholders) would amount to 48.6
percent following the completion of the offering.

Assuming full placement of the new shares from the capital increase
within the price range the company would generate gross issue
proceeds of EUR 158 million to EUR 228 million.

The terms and conditions for the offering of the company's shares are
set out in a prospectus dated and published on 19 November 2009 and
in a supplement to the prospectus to be published immediately after
approval. The prospectus is, and, following its approval, the
supplement will be, available on the company's website
(www.scan-energy.com), subject to certain restrictions, and on the
Frankfurt Stock Exchange's website (www.deutsche-boerse.com).

As stated in the prospectus and its supplement, the price range will
allow subscribers who participated in the September 2009 share
capital increase against contributions in kind to exercise up to
933,903 warrants within a two-week period commencing on 3 February,
2010. These warrants were issued by the extraordinary General
Shareholders' Meeting held on 20 October 2009 with the intention to
ensure that these investors are treated equal to investors
subscribing for the shares in the IPO.

HSBC Trinkaus & Burkhardt AG acts as Global Co-ordinator and Sole
Bookrunner in Scan Energy´s IPO and Macquarie Capital (Europe)
Limited and Société Générale Corporate & Investment Banking act as
co-lead managers.

Scan Energy A/S, Flauenskjoldvej 30-34, 9352 Dybvad, Denmark, CVR-No.
73564913 ISIN: DK0060197226 Stock Exchanges: Regulated market (Prime
Standard) of the Frankfurt Stock Exchange - admission pending

*** This document constitutes neither an offer to sell nor an
invitation to buy securities in Germany, in the United States of
America, in the United Kingdom, in Denmark or any other jurisdiction.
No offer or sale of transferable securities is being, or will be,
made to the public outside Germany. Any securities referred to herein
have not been and will not be registered under the U.S. Securities
Act of 1933, as amended, (the "Securities Act"), and may not be
offered or sold in the United States of America or to or for the
account or benefit of "U.S. persons" (as such term is defined in
Regulation S under the Securities Act) absent registration or
pursuant to an available exemption from registration under the
Securities Act. Any public offering of securities of Scan Energy A/S
to be made in the United States of America would have to be made by
means of a prospectus that could be obtained from Scan Energy A/S and
that would contain detailed information about the company and
management, as well as financial statements. Neither Scan Energy A/S
nor its shareholders intend to register any securities referred to
herein in the United States of America or to conduct a public
offering of securities of the company outside Germany.

This document is only being distributed to and is only directed at
persons (i) who are outside the United Kingdom or (ii) who have
professional experience in matters relating to investments falling
within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended, (the "Order") or (iii)
who fall within article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations etc.") of the Order (all such persons
together being referred to as "Relevant Persons"). Any person who is
not a Relevant Person must not act or rely on this communication or
any of its contents. Any investment or investment activity to which
this communication relates is available only to Relevant Persons and
will be engaged in only with Relevant Persons.

This document does not constitute an offer of securities to the
public in Denmark and the securities referred to herein will and may
not be offered to the public in Denmark.

A public offer in Germany will solely be made on the basis of the
prospectus. The prospectus is, and any supplements thereto will be,
published on the Company's website (www.scan-energy.com), subject to
certain restrictions, as well as on the Frankfurt Stock Exchange's
website (www.deutsche-boerse.com). They are also available in printed
form free of charge during regular business hours at the Company's
German office in Hamburg (Alter Fischmarkt 11, 20457 Hamburg,
Germany) and at the offices of HSBC Trinkaus & Burkhardt AG,
Königsallee 21/23, 40212 Düsseldorf.

Media contact:
German media: FD, Dr. Lutz Golsch, T: +49 (0) 69 920 37-110,
M: +49 (0) 173 651 77 10, lutz.golsch@fd.com

Danish media: Bottomline Communications, Steen F. Laursen,
T: +45 39 14 00 09, M: +45 20 65 34 20, sfl@bottomline.dk

end of announcement euro adhoc
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ots Originaltext: Scan Energy A/S
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Claudine Schaetzle

Consultant

Tel.: +49/69-920 37-185

E-Mail: claudine.schaetzle@fd.com

Branche: Alternative energy
ISIN: DK0060197226
WKN: A0YEEQ
Börsen: Frankfurt / designated to listed: regulated dealing/prime
standard