EANS-News: PNE WIND received a further partial payment amounting to EUR 25 million from the sale of the "Gode Wind" projects

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Company Information

Cuxhaven (euro adhoc) - 31st January 2013 - The wind farm project
developer, PNE WIND AG, has received a further milestone payment
amounting to EUR 25 million from the sale of the offshore wind farm
projects, "Gode Wind" I to III. The prerequisite for this payment was
the creation and handover of a foundation ground expertise for the
Danish energy corporation, DONG Energy as purchaser of the offshore
projects. This has already been posted to the balance sheet in the
3rd quarter of 2012 by PNE WIND AG was reviewed by DONG Energy and
now paid.

At the conclusion of the purchase agreement in August 2012 PNE WIND
AG had already received an immediate payment amounting to about EUR
57 million for the shares and the project development costs incurred
in advance. After the partial payment already made, a further approx.
EUR 75 million are to be expected which will become due upon reaching
specified project stages. These include mainly the investment
decisions (FID) taken by DONG Energy for the "Gode Wind I and II"
projects.

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