EANS-Adhoc: PNE WIND AG sells offshore wind farm project, "Gode Wind II" to the Danish investor, Brancor Capital Partners

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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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Contracts

29.12.2011

Cuxhaven, 29th December 2011 - The wind farm project developer, PNE
WIND AG (ISIN: DE000A0JBPG2) is selling its shares in PNE Gode Wind
II GmbH, in which the offshore wind farm project "Gode Wind II" is
being developed, to HYSSING Vermögensverwaltungsgesellschaft mbH,
which is held by the Danish Brancor Capital Partners APS. The agreed
purchase price for all shares of PNE Gode Wind II GmbH is based on a
valuation of about EUR 317,000 per MW including the already invested
development costs. The transfer of 50.1 percent of the shares will
take place on 29th December 2011 as condition precedent to a first
significant payment on 29th February 2012 and a further instalment
becoming due on 25th March 2012. This is to equip Brancor Capital
Partners APS with the necessary time to pay the agreed purchase
price. The remaining 49.9 percent of the shares is to be transferred
on receipt of the second purchase price rate. With financial close
the third payment is agreed. As the last payment, the last smaller
instalment is to be paid on commissioning of the tenth wind turbine.

The 50.1 percent share transfer will have a positive effect on PNE
WIND AGs corporate EBIT in the year 2011 if the purchase prices are
paid as planned. In addition, there will be a revaluation of the
initially remaining 49.9 percent of the shares within the company due
to the IFRS accounting within the corporation, which will have an
additional positive effect on the 2011 corporate EBIT. Against this
background PNE Wind AG expects to realise a major part of its
corporate forecast for the financial years 2011 to 2013 of cumulated
EUR 60 to 72 million in 2011 already.

The wind farm is planned to be located in the North Sea, about 38
kilometres offshore of the island of Norderney and has already been
approved by the Bundesamt für Seeschifffahrt und Hydrographie (BSH)
(German Federal Maritime and Hydrographic Agency). The intention is
to construct 84 offshore wind energy plants with a nominal output
totalling 252 MW in "Gode Wind II".

Further inquiry note:
PNE WIND AG
Presse und Öffentlichkeitsarbeit
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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issuer: 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