euro adhoc: Solar-Fabrik AG / Capital measures / Solar-Fabrik AG determines subscription price for new shares from capital increase - subscription price and minimum offer price for each new share amou

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

07.09.2007

Freiburg, Germany, 7 September 2007

With the approval from the Company´s Supervisory Board and based upon
the principles set out in the rights offering, the Management Board
of Solar-Fabrik AG has determined the subscription price for the up
to 4,450,000 new shares which are offered in the rights offering of
the Company to amount to EUR 15.75 for each new share. The
subscription price of EUR 15.75 is also the minimum price for which
any new shares not subscribed for will be placed with interested
investors in a public offering in Germany and a private placement in
Europe expected to be carried out from 14 to 19 September 2007.

Such determination of the subscription price results from the fact
that the volume weighted average share price of the Company´s shares
as quoted in the electronic trading system XETRA of the Frankfurt
stock exchange from the beginning of the subscription period (30
August 2007) until the determination of the subscription price (7
September 2007, 7:15 pm CEST) was EUR 17.53 and the current share
price of the Company as quoted in the electronic trading system XETRA
of the Frankfurt stock exchange at the time of the determination of
the subscription price (7 September 2007, 7:15 pm CEST) was EUR
16.52. The price in the range between the volume weighted average
share price and the current share price of the Company (as described
above) has been determined to be EUR 17.53 for each new share. Such
price has been reduced by a deduction of 10.16 %. As a result, the
subscription price amounts to EUR 15.75 for each new share.

On 29 August 2007, the rights offering to the shareholders of the
Company has been published in the electronic German Federal Gazette;
the subscription period ends on 13 September 2007. Any shares not
subscribed for will be placed in the public offering and in the
private placement within the offer period from 14 to 19 September
2007 at a price not being below the subscription price.

The Management Board

Disclaimer

This announcement is neither an offer to purchase nor a solicitation
to make an offer to purchase shares or other securities. The offer in
Germany is made exclusively by means of and on the basis of the
published prospectus. The prospectus is published on the Solar-Fabrik
AG website. Printed copies are available free of charge in Germany
from the Company and from SEB AG.

This announcement is neither an offer to purchase securities nor a
solicitation to make an offer to purchase shares or other securities
in the United States. Shares in Solar-Fabrik AG (the "Shares") may
not be offered or sold in the United States or to, or fort he account
of, any US person (as such term is defined in Regulation S of the US
Securities Act of 1933 as amended (the `Securities Act´)) absent
registration or an exemption from registration under the Securities
Act. The Shares have not and will not be registered under the
Securities Act.

end of announcement euro adhoc 07.09.2007 19:45:48
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ots Originaltext: Solar-Fabrik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade