EANS-Adhoc: PNE WIND AG completes the largest business transaction in the firm's history: three offshore wind projects sold to DONG Energy for euro 157 million

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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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Company Information/Sales of projects

14.08.2012

Cuxhaven, 14. August 2012 - The wind farm project developer, PNE WIND
AG (ISIN: DE000A0JBPG2), sold its offshore wind parks "Gode Wind" I,
II and III to the Danish energy company DONG Energy. The projects
"Gode Wind" I and II are now 100% owned by DONG Energy. For the
projects inclusive development costs, PNE WIND AG has already
received an upfront payment of euro 57 million. With the successful
completion of predetermined project development steps, approximately
euro 100 million in additional milestone payments are expected to
become due till 2015. Substantial milestones include the final
investment decision for the "Gode Wind" I and II projects. The "Gode
Wind III" project rights will be transferred to the buyer when the
permit from the German Federal Maritime and Hydrographic Agency (BSH)
is issued. In addition to the above mentioned items, PNE WIND AG will
as part of the transaction support the projects as a service provider
to DONG Energy for the next five years. The service contract has a
value of up to euro 8.5 million.

All three of the "Gode Wind" projects are located 38 to 40 kilometres
north of the Norderney Island in the North Sea. The "Gode Wind" I and
II projects have both been issued building permits from the BSH and
brought to the ready-to-build point of development. Furthermore,
TenneT has issued an unconditional grid connection guarantee. The
"Gode Wind III" project is in an earlier stage of development and
current efforts are targeted at obtaining the BSH building permit as
quickly as possible.

With the sale of these three projects, PNE WIND AG reported the
largest business transaction in the firm's history. PNE WIND AG
reconfirms its cumulative EBIT guidance from euro 60 to 72 million
for the years 2011 to 2013.

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