EANS-News: centrotherm photovoltaics AG / Creditors' meeting confirms the restructuring roadmap of centrotherm photovoltaics AG

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

Company Information

Blaubeuren (euro adhoc) - November 29, 2012 - The first creditors'
meeting after the insolvency protection proceedings introduced in
July 2012 has confirmed the agreed restructuring roadmap of
centrotherm photovoltaics AG. As part of the reporting and
verification meeting called by Ulm county court, the represented
creditors unanimously resolved that the company should continue in
self-administration. In addition, the temporary committee of
creditors initially set by the court was declared the final committee
of creditors after the election of one further member. "This
resolution and the both constructive and faithful cooperation with
the creditors leave us optimistic for the success of the further
restructuring and the resolution of the insolvency plan," says
centrotherm Management Board member Tobias Hoefer, responsible for
the self-administration. Previously, he reported to the creditors on
the starting position in the insolvency protection proceedings, the
successes already achieved in the restructuring process as well as on
the prospects for the continuation of the company's business.

The administrator appointed by the court and also confirmed by the
creditors' meeting, lawyer Prof. Dr. Martin Hörmann from anchor
Rechtsanwälte, also agreed with the recommendations of centrotherm
photovoltaics AG.

The draft of the insolvency plan of centrotherm photovoltaics AG (see
ad hoc release from October 24, 2012) provides for the company to
continue business while maintaining its stock exchange listing and
strengthen the capital structure by converting the claims of the
unsecured creditors into shares in the company. This is aimed at
striking a balance between the interests of the shareholders and the
company with regards to its continued existence and capital market
access, and best possibly satisfying the creditors' claims. The
insolvency plan requires the approval of the creditors and the
confirmation of the insolvency court. After that, the insolvency
proceedings can be terminated in line with the regulations of the
German Act Relating to the Further Simplification of the
Reorganization of Companies (ESUG), and the German Insolvency
Directive (InsO). centrotherm photovoltaics AG could then operate
again on a solid basis on the market as a restructured company on a
fully independent basis.

The creditors' meetings for the subsidiaries centrotherm thermal
solutions GmbH & Co. KG and centrotherm SiTec GmbH, which are
currently engaged in their own proceedings, also resolved that
business should continue under self-administration. At these
meetings, the creditors' committees and the administrator appointed
for these companies, lawyer Alexander Reus, were also confirmed.

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 currently employs
around 1,300 staff, 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:
Saskia Feil
Tel: +49 (0) 7344 918-8890
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
--------------------------------------------------------------------------------

company: 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