EANS-News: SOLON SE / SOLON sells stake in ml&s

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Strategic management decisions

Berlin (euro adhoc) - SOLON sells stake in ml&s

Berlin/Greifswald, April 21, 2011. SOLON has reported the sale of its
shareholding in industrial services provider ml&s manufacturing,
logistics and services GmbH & Co. KG (ml&s) based in Greifswald,
north-east Germany. Its shares have been acquired by Hydraulik Nord
GmbH, Parchim, also in north-east Germany. Like ml&s, the new
shareholder specializes in industrial services.

The sales proceeds will not be available to SOLON until the entire
financial restructuring has been completed. The parties have agreed
not to disclose any further details of the transaction. Solar company
SOLON had worked with ml&s on solar module production since 2004,
becoming a shareholder in ml&s in 2008, and until recently it held a
stake of around 49 percent in its partner company.

SOLON's CEO Stefan Säuberlich said that the sale of its shareholding
was part of a corporate strategy of focusing more closely on core
business. He also stressed that the Greifswald site would continue to
play a key role in SOLON's production strategy. "SOLON Nord in
Greifswald remains our biggest and most important production site in
Europe, not least because of our successful partnership with ml&s.
Going forward, we plan to continue with this proven partnership
model."

Udo Possin, Managing Director of ml&s, believes that the change of
control will strengthen the Greifwald company's position in the
market, and said: "We will be able to maintain our growth trajectory
while diversifying, without neglecting our current market strengths."

About SOLON SE: SOLON SE is one of the largest manufacturers of solar
modules in Europe as well as a supplier of solar system technology
for large-scale rooftop and greenfield installations. The SOLON Group
has subsidiaries in Germany, Italy, France and the U.S. and employs
more than 800 people worldwide. SOLON´s core business is producing
solar modules and photovoltaic systems along with planning and
constructing large rooftop installations and turnkey solar power
plants all over the world.

SOLON SE
Sylvia Ratzlaff
Public Relations
FON: +49 30 818 79-9310
FAX: +49 30 818 79-9300
E-Mail: sylvia.ratzlaff@solon.com

end of announcement euro adhoc
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ots Originaltext: SOLON SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Therese Raatz
Head of Corporate Communications
Tel.: +49 30 818 79-9305
E-Mail: therese.raatz@solon.com

Branche: Energy
ISIN: DE0007471195
WKN: 747119
Index: Midcap Market Index, CDAX, HDAX, Technology All Share, GEX,
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Börsen: Frankfurt / regulated dealing/prime standard
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