EANS-News: PNE WIND AG sells offshore project "Nautilus II" to Ventizz Capital Funds IV and agrees further cooperation

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Company Information

Cuxhaven (euro adhoc) - 8. November 2011 - Wind farm developer PNE
WIND AG (ISIN DE000A0JBPG2) has sold all rights to the offshore wind
farm project "Nautilus II" to SSP Technology Holding ApS. The
offshore project is being planned in the North Sea and is still in
the planning and approval phase.

SSP Technology Holding ApS, a company of Ventizz Capital Funds IV,
acquires all shares of the project company "PNE WIND Nautilus II
GmbH". PNE WIND AG will further develop the offshore project as a
service provider until approval is received and will participate in
the success upon reaching defined progress in the project
development. The project sale currently has no major impact on the
operating profit (EBIT) of PNE WIND AG.

80 wind turbines with a nominal output of up to 7 MW per turbine are
planned for the offshore wind farm project "Nautilus II". This
results in a wind farm output of up to 560 MW. The project site is
located in the North Sea within the exclusive economic zone of the
Federal Republic of Germany about 180 kilometres north-west of
Helgoland. The approval is expected for 2013.

Company profile

PNE WIND AG, which is headquartered in Cuxhaven, plans and implements
wind farm projects on land (onshore) and at high sea (offshore). Core
competencies are in the development, planning, implementation and
financing of wind farms, as well as their operation and sales with
associated service. So far, the company has installed 97 wind farms
with 563 wind power plants and a total capacity of 804 MW.

Besides business activities in the established German domestic
market, PNE WIND AG is increasingly expanding into dynamic growth
markets and is already represented through joint ventures and
subsidiaries in Hungary, Bulgaria, Romania, Turkey, United Kingdom,
USA and Canada. In these countries, wind farm projects with a
capacity of up to 3,725 MW are currently being implemented for the
medium term. In Germany (onshore) wind farm projects with a nominal
capacity of more than 1,100 MW are currently in progress.

Furthermore, PNE Wind AG develops offshore wind farm projects, of
which three major projects in German waters have already been
approved. Entry into promising foreign markets will also be examined
for the offshore area.

Further inquiry note:
PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0)611 - 205855-64
Fax: +49(0)611 - 205855-66
E-mail: fischer@cometis.de

end of announcement euro adhoc
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company: PNE WIND AG
Peter-Henlein-Str. 2-4
D-27472 Cuxhaven
phone: +49(0)4721 718 06
FAX: +49(0)4721 718 373
WWW: http://www.pnewind.com
sector: Alternative energy
ISIN: DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English