EANS-News: PNE WIND AG closes the financial year 2011 with a positive result

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

annual result

Subtitle: • Company proposes a consistent dividend of EUR 0.04 per
share to the Annual General Meeting • EBIT forecast for the financial
years 2011 to 2013 confirmed

Cuxhaven (euro adhoc) - 26th March 2012 - The wind farm project
developer, PNE WIND AG (ISIN DE000A0JBPG2) confirms its EBIT forecast
and again proposes a dividend payment amounting to EUR 0.04 per
share. In the previous financial year, the company recorded a
positive result at corporate level (EBIT) amounting to EUR 0.1
million (prior year: EUR 9.5 million). This is reflected in the 2011
Annual Accounts published today. Although the planned sale of the
"Gode Wind II" offshore project has not yet been completed as
originally envisaged, nevertheless the sales negotiations emphasise
the fact that the offshore projects being developed by the company
have a high value and can contribute significantly to profits in the
short and medium term. The Board of Directors therefore confirms its
EBIT forecast of a cumulative EUR 60 to 72 million for the financial
years 2011 to 2013.

The result of normal business activity (EBT) amounted to EUR -4.9
million in the financial year 2011 (previous year: EUR 5.4 million)
and overall performance was about EUR 53.9 million as compared with
EUR 80 million in the previous year. The corporate deficit was about
EUR -3.9 million after a profit of EUR 7.9 million in the previous
year. This produced an undiluted result per share amounting to EUR
-0.09 (previous year: EUR 0.17). According to HGB accounting, PNE
WIND AG reported a balance sheet profit of EUR 2.5 million (previous
year: EUR 4.1 million). The Board of Directors and the Supervisory
Board have therefore again decided to propose a dividend payment of
EUR 0.04 per share to the shareholders at the Annual General Meeting.

During the past financial year in particular PNE WIND has made
significant progress in its operational business, which will make
future contributions to turnover and profits possible. Currently,
four of the offshore projects developed by PNE WIND in Germany have
been approved by the Bundesamt für Seeschifffahrt und Hydrographie
(BSH) (German Federal Maritime and Hydrographic Agency). In December
2011 the offshore wind farm, "Borkum Riffgrund II", which was already
sold in 2009, was approved initiating another payment to the company
from the purchaser, DONG Energy, during the first half year of 2012.
In addition, PNE WIND was able to sell the "Nautilus II" offshore
project and will also continue to support this project in future as
service provider. Overall, PNE WIND AG is currently developing
projects at home and abroad with a total output of about 3,200 MW in
the onshore sector and 3,307 MW in the offshore sector. This
represents a solid basis for further company growth.

Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG,
is satisfied with business development in 2011: "For us, the
financial year 2011 was characterised by many positive developments.
Our many successful years of project work have borne fruit in the
completion of "Gode Wind II" to the point of readiness for
construction. We are confident that we will soon find a partner for
the construction of the wind farm because "Gode Wind II" is one of
few projects, which already have a secure grid connection - an
important aspect for German offshore wind farms." Martin Billhardt
adds: "We are therefore pleased to be able to propose a dividend of
EUR 0.04 per share again this year to our shareholders in the Annual
General Meeting. We are also maintaining our EBIT forecast of a
cumulative EUR 60 to 72 million for the financial years 2011 to 2013.
In this way, income from offshore projects and various onshore wind
farms at home and abroad will ensure that we continue to drive
company growth forward."

Company profile

With its headquarters in Cuxhaven, PNE WIND AG plans and realises
wind farm projects on land (onshore) and on the high seas (offshore).
In doing so, its core competence lies in the development, project
planning, and financing of wind farms and in their operation and
sales respectively with the provision of subsequent service. To date,
the company has constructed 98 wind farms with 568 wind energy plants
and a total nominal output of 814 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is increasingly expanding into dynamic growth
markets and is already represented in joint ventures and by
subsidiary companies in Hungary, Bulgaria, Turkey, Great Britain,
Rumania, USA and Canada. In these countries wind farm projects with a
nominal output of up to 2,086 MW are being developed and are to be
completed in the medium term. In Germany (onshore), wind farm
projects with over 1,100 MW of nominal output are currently being
developed.

In addition, PNE WIND AG is developing offshore wind farm projects,
of which four major projects in German waters have already been
approved. An entry into promising foreign markets is also being
examined with regard to the offshore sector.

Further inquiry note:
PNE WIND AG
Leiter Unternehmenskommunikation
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
Scott McCollister
Tel: +49(0) 47 21 - 7 18 - 4 54
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: scott.mccollister@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
--------------------------------------------------------------------------------

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: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English