EANS-News: 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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Joint Ventures/Cooperation/Collaboration/Company Information

Cuxhaven (euro adhoc) - 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 contact
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 building permit as
quickly as possible.

CEO Martin Billhardt comments, "This deal marks the most important
business transaction in PNE WIND AG's history. The deal solidifies
our financial base and the funds provide resources for further
project development and a perspective to pay dividends to our
shareholders. With this transaction, PNE WIND AG and DONG Energy
will continue to build on the excellent relationship which began with
the "Borkum Riffgrund" projects. The first payment of euro 57 million
has already been paid by DONG Energy. We herewith reconfirm our
cumulative EBIT guidance of euro 60 to 72 million for the fiscal
years 2011 to 2013."

PNE WIND AG advisors during this transaction were Augusta & Co.
(London) for commercial affairs and Watson Farley & Williams
(Hamburg) for legal affairs.

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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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