EANS-News: Annual General Meeting of PVA TePla AG

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Annual & Special Corporate Meetings

Wettenberg (euro adhoc) - (Wettenberg, July 1, 2011) - The Annual
General Meeting of PVA TePla AG was held at the Gießen Congress
Center on June 30, 2011. The items on the agenda were passed with a
large majority and 44% of shareholders were in attendance. The Annual
General Meeting was dominated by the change of CEO.

Peter Abel, the founder and long-time CEO of the PVA TePla Group,
took the opportunity to bid farewell personally to the company´s
shareholders as a member of the Management Board. It had already been
announced some months previously that Peter Abel would resign from
his position at the end of this Annual General Meeting. However, he
will continue to be available to PVA TePla as a strategic consultant
and will remain a major shareholder. CFO Arnd Bohle then discussed
business development in 2010, the single-entity and consolidated
financial statements and the figures for the first quarter of the
current fiscal year. Incoming orders had developed very positively
across almost all product areas in the past fiscal year and continue
to give cause for optimism for the current fiscal year in the first
five months of 2011. Solar Systems was the only division with weak
incoming orders in 2010. However, a major order in April this year
has since resulted in a good order backlog in this division, too. The
results for the past fiscal year were within the expected range and
allowed for a dividend of EUR 0.15 per share to be paid. Dr. Arno
Knebelkamp introduced himself as the new CEO of PVA TePla AG and
discussed the short- and medium-term market prospects for the
individual divisions of PVA TePla, among other matters. He confirmed
the forecast of consolidated annual sales revenues of EUR 120 million
to EUR 130 million and an EBIT margin of 8-10%, each at the upper end
of the projected range.

Further inquiry note:
Dr. Gert Fisahn
Tel.: +49 641 68690-400
E-Mail: gert.fisahn@pvatepla.com

end of announcement euro adhoc
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company: PVA TePla AG
Im Westpark 10-12
D-35435 Wettenberg
phone: +49(0)641 68690-0
FAX: +49(0)641 68690-800
mail: ir@pvatepla.com
WWW: http://www.pvatepla.com
sector: Misc. Industrials
ISIN: DE0007461006
indexes: CDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English