EANS-News: PNE WIND AG a successful 2010 first half in its operational business

• EBIT € 8.2 million in the first half year (previous year: € 8.0
million)
• Internationalisation makes progress

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quarterly report/Report of the first half year of 2010

Subtitle: • EBIT € 8.2 million in the first half year (previous year:
€ 8.0 million) • Internationalisation makes progress

Cuxhaven (euro adhoc) - August 9, 2010 - Wind farm developer PNE WIND
AG closed the first half year of 2010 very successfully. Operating
profit (EBIT), the decisive indicator for a wind farm developer,
amounted to EUR 8.2 million following EUR 8.0 million in the period
of the previous year. PNE WIND AG thus generated earnings before
taxes (EBT) of about EUR 6.0 million and exceeded the previous year's
results of EUR 5.7 million. Consolidated profit as at June 30, 2010
thus amounted to EUR 5.9 million (previous year: EUR 4.9 million),
which corresponds to undiluted earnings per share of EUR 0.13
(previous year: EUR 0.12). The Company's total aggregate output in
the first half year amounted to EUR 53.6 million.

In particular, the significant progress in the realisation of the
"Gode Wind II" offshore wind farm and the strengthened financial and
equity base provide a solid foundation for the further expansion of
the Company in the highly attractive wind energy markets in Germany
and abroad.

In spite of a still so-so capital market environment, PNE WIND AG
successfully placed a capital increase and a convertible bond in May
and June, which means that a total of around EUR 28.5 million (gross)
flowed into the Company. In the context of these measures, the
Company also convinced financial investor Luxempart S.A. of its
business model, thus further strengthening the shareholder structure.
The equity ratio is approximately 38 percent. Liquid funds of PNE
WIND AG amounted to EUR 51.5 million at the end of the first half
year. These funds will be used primarily to drive forward
international expansion. The run-up costs for the development of the
foreign business and the project pipeline burdened the results in the
second quarter, since the first projects abroad will not be realised
before 2011.

Martin Billhardt, Chairman of PNE WIND AG's Board of Management: "We
are continuing to pick up speed and are therefore satisfied with the
results for the first half year of 2010. As regards the realisation
of the "Gode Wind II" offshore wind farm, we took important steps for
readiness for construction with the successfully completed building
ground survey and the integration of internationally renowned
companies. Since our Company again owns 100 percent of the Gode Wind
I project, we are expecting to realise high synergy effects for our
further activities regarding these two offshore projects. In
addition, we were able to hand over additional onshore wind farms to
EnBW as contractually agreed and to expand our international project
development, which in our opinion will have a positive impact on the
future development." Therefore, the Board of Management is keeping to
its already published forecast, according to which the EBIT of PNE
WIND AG in the years from 2010 to 2012 will amount to at least EUR 42
to 54 million over the whole period.

The report on the first half year of 2010, which is available at
www.pnewind.com under "Investor Relations", provides a comprehensive
overview of the business results of PNE WIND AG.

Company profile

PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its
core competence is the development, planning, implementation and
financing of wind farms and their operation or sale including
subsequent service. So far, the company has set up 95 wind farms with
544 wind energy systems and a total nominal output of 788 MW.

Alongside its business activities in the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has subsidiaries and representations via joint ventures
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind
farm projects with a nominal output of about 5,500 MW are currently
being processed in these countries and are to be implemented in the
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 900 MW are being processed.

Furthermore, PNE WIND AG develops offshore wind farm projects, three
of which have already been approved in German waters. Entering
promising foreign markets is also being examined for the offshore
area.

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

Further inquiry note:

PNE WIND AG

Press and Public Relations

Rainer Heinsohn

Tel: +49(0) 47 21 - 7 18 - 4 53

Fax: +49(0) 47 21 - 7 18 - 3 73

E-mail: info@pnewind.com

Investor Relations

cometis AG

Ulrich Wiehle / Alexandra Edinger

Tel: +49(0)611 - 205855-11

Fax: +49(0)611 - 205855-66

E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade