EANS-News: Sunways AG / Statement: Management Board and Supervisory Board of Sunways AG recommend accepting the offer submitted by LDK Solar

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Mergers - Acquisitions - Takeovers

Subtitle: - Offer price of € 1.90 per Sunways share is deemed
adequate by the Management Board and the Supervisory Board - The
takeover will involve competitive advantages and promising
international prospects for Sunways

Konstanz (euro adhoc) - Today, the Management Board and Supervisory
Board of Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) published
their joint statement pursuant to § 27 of the Securities Acquisition
and Takeover Act (WpÜG) with respect to the voluntary public takeover
offer submitted by LDK Solar Germany Holding GmbH on 13 February
2012. Taking into account all circumstances relating to the offer,
the offered price of EUR 1.90 per share is unanimously considered
adequate within the meaning of § 31 subparagraph 1 WpÜG by both
boards.

The Management Board and the Supervisory Board are of the opinion
that the offer will serve the interests of Sunways AG and therefore
recommend that Sunways shareholders accept the offer.

LDK Solar Co., Ltd. (LDK:US, LDK.N, ISIN US50183L1070), the parent
group of LDK Solar Germany Holding GmbH, is one the world´s ten
largest photovoltaics companies in terms of sales. As the world´s
largest fully integrated manufacturer of silicon, wafers, solar cells
and solar modules, LDK Solar has supplied raw materials to Sunways AG
for many years and has been cooperating with the company in the
production of Sunways Solar Modules since 2010.

The acceptance period for the offer started upon publication of the
offer document on 13 February 2012 and, subject to a potential
extension of the acceptance period, will end on 26 March 2012, 24:00
hours (Frankfurt am Main local time). The so-called additional
acceptance period pursuant to § 16 subparagraph 2 WpÜG will end two
weeks after publication of the results of the offer by the bidder in
accordance with § 23 subparagraph 1 sentence 1 no. 2 WpÜG. In the
offer document, the bidder declared the additional acceptance period
was expected to begin on 30 March 2012 and to end on 12 April 2012,
24:00 hours (Frankfurt am Main local time) - subject to an extension
of the acceptance period.

The Management Board and Supervisory Board would jointly like to
point out that each Sunways shareholder must decide for
himself/herself whether or not to accept the offer - and, if
applicable, for how many shares - in the light of all circumstances,
his/her individual situation (including his/her personal tax
situation) and personal assessment of the future development of the
value and price of the Sunways shares. Subject to any applicable
legal provisions, the Management Board and Supervisory Board do not
assume liability for any adverse financial effects that may
subsequently be suffered by a Sunways shareholder as a result of the
acceptance or non-acceptance of the offer.

This statement and any additional statements or changes to this
statement will be published in accordance with §§ 27 subparagraph 3
sentence 1, 14 subparagraph 3 sentence 1 WpÜG on the internet at
www.sunways.eu/en in the "Investor Relations" section under "Takeover
Offer" as well as via an announcement in the electronic Federal
Gazette and will be made available free of charge at the company´s
reception desk at 78467 Konstanz, Macairestr. 3-5.

This press release is also available on http://www.sunways.eu/en and
http://www.presseportal.de/pm/57666/sunways_ag.

Forward-looking statements This press release contains statements
relating to the future business development of Sunways AG that are
based on management assumptions and estimates made at the time of
publication. Should the assumptions underlying the prognoses fail to
be fulfilled, actual events may vary substantially from
forward-looking statements. Uncertainties include changes in the
political, legal, economic and business environment, exchange and
interest rate fluctuations as well as the behaviour of competitors
and other market participants. Sunways does not intend and is not
under any obligation to update forward-looking statements on an
ongoing basis as these are exclusively based on the circumstances
prevailing as of the date of publication.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use
of solar energy to secure long-term energy supply of man in an
efficient and sustainable manner. Sunways offers technological
competence, performance and highest quality - from single components
to complete solar systems. Since its foundation in 1993, Sunways AG
evolved into a technology leader in the photovoltaics industry
serving international markets. With silicon-based solar cells,
inverters, solar modules and solar systems, the company offers all
components required for high-yield photovoltaic power generation.
With photovoltaic solutions tailored to customers´ needs (transparent
and coloured solar cells, building- integrated photovoltaic
installations), Sunways turns exceptional ideas into reality. Sunways
Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in
addition, the group has own branch offices in Barcelone/Spain and
Bologna/Italy. In 2011, Sunways AG with about 330 employees realised
sales of around EUR 115 million. The shares of Sunways AG are listed
at the Frankfurt Stock Exchange (SWW:GR, SWWG.DE, ISIN DE0007332207).
For further information, please visit www.sunways.eu/en.

Further inquiry note:
Dr. Harald F. Schaefer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de

end of announcement euro adhoc
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company: Sunways AG
Macairestr. 3 - 5
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.de
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English