EANS-Adhoc: COLEXON Energy AG / International sales support strong turnover growth

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

quarterly report

10.11.2010

* Increase in turnover by 37 per cent to 154.0 million Euros in first
three quarters (pro -forma Q3 2009: 112.7 million Euros) * EBIT
amounts 13.2 million Euros (pro forma Q3 2009: 14.0 million Euros) *
Goodwill write-off of 63.4 million Euros effects comparability of
group earnings

Hamburg, November 10, 2010 - COLEXON Energy AG (WKN 525070, ISIN
DE0005250708) published its nine month report 2010 today. The
photovoltaic company increased its turnover by 37 per cent to 154.0
million Euros compared to the previous year (pro forma 2009: 112.7
million Euros). The earnings before interest and taxes (EBIT)
amounted to 13.2 million Euros excluding the extraordinary effect
from the impairment of goodwill (pro forma 2009: 14.0 million Euros).
With the q3 results COLEXON is on the right track to fulfill its
guidance for the current financial year with 200 million Euros
turnover and an EBIT of 13 to 15 million Euros (excluding the
goodwill write-off).

In the course of the year, the cuts in the reduction of the German
feed-in tariff have led to decreasing profit margins in Germany and
drove the international diversification of the solar industry. This
development supported COLEXON's strategic approach that aimed at a
sustainable expansion of the international project business in the
third quarter. While in the first half the business had mainly
focused on the German market, in the third quarter about 80 per cent
of the project turnover was generated in European export markets.

Excluding the extraordinary effect from impairment of goodwill, the
EBIT of 13.2 million Euros slightly decreased by six per cent
compared to last year (pro forma Q3 2009: 14.0 million Euros). Hence,
due to the goodwill write-off of 63.4 million Euros, the Q3 group
earnings are strongly distorted. After the impairment of the goodwill
COLEXON records a loss after of 50.2 million Euros.

The historic goodwill of Renewagy A/S roots in a transaction in 2007
and has been included in the Renewagy balance sheet prior the reverse
acquisition. In the context of the takeover of the Renewagy A/S in
the year of 2009 the goodwill was taken on to the books of the
COLEXON group. It was based on the assumption of a continuous and
very long-term expansion of the solar power plant portfolio. Feed-in
tariffs have been reduced earlier and more severely than expected in
major European markets so that the management of COLEXON Energy AG
saw itself compelled to correct the very long-term assumptions in
respect of the power plant portfolio. The write-off does not affect
the accounts of COLEXON Energy AG, does not have a cash impact, and
consequently has no influence on the current financial status of the
company.

The intrinsic value of the existing proprietary solar power plant
portfolio is not affected by the regulatory changes, as it benefits
from feed-in tariffs that are secured for 20 years. Management sees
good opportunities to expand the solar power plant portfolio in the
short to medium term and will continue to pursue this strategy.

The complete financial report is available for download on the
company's website www.colexon.com.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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

Further inquiry note:

Jan Hutterer

Investor Relations Manager

Tel.: +49 (0) 40 2800 31 111

E-Mail: hutterer@colexon.de

Branche: Energy
ISIN: DE0005250708
WKN: 525070
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade