EANS-News: PNE WIND AG approves share buyback programme

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Buybacks

Cuxhaven (euro adhoc) - December 3, 2012 - PNE WIND AGs Board of
Directors resolved on 3rd December 2012 to buy back up to 4,126,700
of its own shares on the stock exchange during the period from 4th
December 2012 to 30th June 2013 (anticipated). The buyback volume
amounts to approx. 9 percent of the company's total share capital.
The Board of Directors is thus making use of the shareholders
meeting's resolution dated 14th May 2009 which authorizes it to
purchase up to 4,126,700 of its own shares by 13th May 2014. The
shares bought back can be used for all purposes foreseen in the
shareholders meeting authorization resolution. This includes retiring
the shares, the placement of the shares with select investors for
cash payment close to the stock exchange price and or use of the
shares for the acquisition of companies or investment in companies.
The share buyback will be carried out under the leadership of a bank,
which will make its decision on the timing of individual buybacks
independently and uninfluenced by PNE WIND AG. The buyback of the
shares will be carried out in accordance with § 14, Paragraphs 2 and
20 a WpHG and take the safe harbour regulations in accordance with EC
no. 2273/2003 into account. The purchase price of the shares
(excluding secondary transaction costs) may not lie more than 10
percent above or below the average Xetra closing price on the
Frankfurt stock exchange on the five days preceding each purchase.
Based on the Xetra closing price for PNE WIND AG shares on 30th
November 2012, the maximum buyback volume would amount to little more
than EUR 8.4 million. This volume may be changed by variations in the
share price. If required and legally permissible, the buyback
programme can be suspended and restarted at any time. PNE WIND AG
will publish the transactions concluded within the framework of its
share buyback programme weekly in the Investor Relations section of
its internet page, (www.pnewind.com).

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
megawatts. In Germany (onshore), wind farm projects with over 1,100
MW of nominal output are currently being developed. 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
South East Europe, Great Britain, USA and Canada. In these countries
wind farm projects with a nominal output of up to 2,000 MW are being
developed and are to be completed in the medium term. 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
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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