EANS-Adhoc: SOLON SE / SOLON Revises Sales and Earnings Targets for 2011

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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.
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19.07.2011

Berlin, July 19, 2011. In response to the weak business performance
in the first half of 2011, the Management Board of SOLON SE has
revised its budget for the year as a whole.

After a weak first quarter, demand picked up only slightly in the
second quarter. Accordingly, the quarter is likely to fall short of
targets once again. SOLON´s management expects that it will likely
not be possible to fully offset the lower sales in the first six
months in the remainder of the year and has therefore revised its
corporate planning. Group sales for the year as a whole are now
anticipated to reach around EUR500 million. The last projection,
updated on the occasion of the publication of the interim report as
of March 31, 2011, was that Group sales would be at the same level as
in the prior year (2010: EUR619 million).

The reason for the weaker performance is the continuation of the
dissatisfactory demand situation in Germany and Italy, the company´s
most important markets. In Germany, demand picked up only slightly in
the second quarter after the exceptionally weak start to the year.
Demand collapsed in Italy, in anticipation of the change in subsidy
conditions effective June 1, 2011. There, too, the recovery of
business has been extremely slow since market participants first had
to adapt to the new conditions.

Due to the weaker sales development, SOLON has also adjusted its
earnings targets for the current year. The company is now expecting a
significant loss in terms of both EBIT and Group earnings.

SOLON SE
Therese Raatz
Investor Relations
Telefon: +49 / (0)30 / 818 79 - 9305
Fax: +49 / (0)30 / 818 79 - 9300
E-Mail: investor@solon.com

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

end of announcement euro adhoc
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issuer: SOLON SE
Am Studio 16
D-12489 Berlin
phone: +49 30 818 79-9305
FAX: +49 30 818 79-9300
mail: investor@solon.com
WWW: www.solon.com
sector: Energy
ISIN: DE0007471195
indexes: Midcap Market Index, CDAX, HDAX, Technology All Share, GEX, ÖkoDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, regulated dealing:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English