EANS-Adhoc: Sunways AG / Extensive restructuring at Sunways AG and Sunways Production GmbH

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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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Restructuring & Recapitalisations
14.12.2012

Konstanz/Germany, 14 December 2012 - Sunways Production GmbH, a
wholly-owned subsidiary of Sunways AG (ISIN DE0007332207 / WKN
733220), operates a plant for the production and development of solar
cells in Arnstadt. Due to the current economic situation in the solar
industry, Sunways Production GmbH is presently not in a position to
operate profitably. Therefore, the Management Board, with the consent
of the Supervisory Board, today decided to significantly reduce the
production and development activities of Sunways Production GmbH
until at least a breakeven situation can be achieved again. With the
restructuring measures it is intended to reduce the current workforce
of 120 by approx. 50 % at Sunways Production GmbH.

Furthermore, the Management Board, with the consent of the
Supervisory Board, decided today to also reduce the number of
employees across all locations at Sunways AG as well as to
restructure production to accommodate the present market environment.

According to the Management Board's current plans, the aggregate
number of 265 employees of the Sunways Group might be reduced by a
total of 40 %. Relevant talks will be initiated shortly with the
works councils of Sunways AG in Konstanz and Sunways Production GmbH
in Arnstadt.

Further inquiry note:
Dr. Harald F. Schäfer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de

end of announcement euro adhoc
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issuer: Sunways AG
Macairestr. 3 - 5
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.eu/de
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Technology All Share, General All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/general standard: Frankfurt
language: English