EANS-Adhoc: centrotherm photovoltaics AG: Planned switch of former CEO to Supervisory Board and further changes to the Management and Supervisory boards

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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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09.10.2012

Blaubeuren, October 9, 2012 - The following changes to the Management
and Supervisory boards of centrotherm photovoltaics AG are planned
following the agreements reached today between the currently
officiating Management Board members, and the Supervisory Board
members who have held office to date:

Current CEO Robert M. Hartung will step down from his position as a
member of the company's Management Board by agreement with the other
Management Board members and the Supervisory Board. Robert M, Hartung
is to succeed his father, company founder Rolf Hartung, as a
Supervisory Board member as part of succession arrangements.

Prof. Dr. Brigitte Zürn, previously the company's Supervisory Board
Chairwoman, and Rolf Breyer will continue as Supervisory Board
members. Due to the end of the period of office - as a consequence of
the elapse of time - of the Supervisory Board members who have
officiated to date, the Management Board has applied to the District
Court of Ulm for the renewed appointment of Prof. Dr. Brigitte Zürn,
Rolf Hartung and Rolf Breyer as Supervisory Board members. Following
the effective relinquishing of his post as CEO, Robert M. Hartung is
also then to be court-appointed as a Supervisory Board member in line
with the proposal of TCH GmbH, which holds more than 25 percent of
the voting rights in the company.

Subject to the passing of a corresponding resolution by the
Supervisory Board which is to be court-appointed, further changes to
the responsibilities and roles within the boards of directors of
centrotherm photovoltaics AG are also planned in order to support the
ongoing reorganization process. Consequently, it is intended that
Peter Augustin and Hans Autenrieth should be newly appointed as
Management Board members.

Peter Augustin, most recently a fully authorized representative of
centrotherm photovoltaics AG and CEO of centrotherm thermal solutions
GmbH & Co. KG and centrotherm cell & module GmbH, is to take over
responsibility for the expansion of the core Solar Cell & Module
business, and for the further diversification within the
Semiconductors & Microelectronics area.

Hans Autenrieth, a company founder and former Management Board member
of many years' standing, and who has been available to the company in
a consultative function since June 18, 2012, is to reassume
responsibility for the sales and marketing areas as part of the
ongoing reorganization process.

Jan von Schuckmann, previously Chief Restructuring Officer (CRO), is
to be appointed CEO. Tobias Hoefer is to remain the Management Board
member responsible for the company's self-administration and for the
implementation of the restructuring program.

It is also planned that Dr. Peter Fath, who has been Chief Technology
Officer (CTO) to date, will step down from the Management Board as
part of the reorganization process. He is nevertheless to remain
connected with the company in another function with his technology
expertise and his excellent network connections to international
research institutions, including continuing to support and drive
further ahead with activities in the MENA region, particularly in
Algeria.

end of ad-hoc-announcement ==========================================
====================================== About centrotherm
photovoltaics AG centrotherm photovoltaics AG, which is based at
Blaubeuren, Germany, is a globally leading technology and equipment
provider for the photovoltaics sector. The company equips well-known
solar companies and new sector entrants with turnkey production lines
and single equipment to manufacture silicon, and crystalline solar
cells and modules. As a consequence, the Group possesses a broad and
well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance
parameters such as production capacity, efficiencies, and completion
deadlines. The Group employed around 1,300 staff as of August 31,
2012, and operates globally in Europe, Asia and the USA. centrotherm
photovoltaics achieved revenue in the 2011 financial year of around
EUR 700 million. The company is listed in the Prime Standard on the
Frankfurt Stock Exchange.

Further inquiry note:
Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de

Nathalie Albrecht
Manager Public Relations
Tel: +49 7344 918-6304
E-mail: nathalie.albrecht@centrotherm.de

end of announcement euro adhoc
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issuer: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English