EANS-News: PNE WIND AG looks back on a successful year 2012

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Subtitle: • Business result provides basis for future positive
company development • EBIT forecast for 2011 to 2013 confirmed –
higher EBIT anticipated for the years 2014 and 2015

Financial Figures/Balance Sheet/Annual report

Cuxhaven (euro adhoc) - Cuxhaven, 27th March 2013 - With a successful
financial year 2012, the wind farm project developer, PNE WIND AG
(ISIN DE000A0JBPG2), has laid the foundation for continued positive
developments. This is clearly illustrated in the 2012 annual report
published today and also reconfirms the figures published on 12th
March 2013. PNE WIND AG realised an operational result (EBIT)
amounting to EUR 20.4 million (previous year: EUR 0.1 million). The
consolidated net income increased significantly from EUR -3.9 million
in 2011 to EUR 17.0 Million.

Due to the successful 2012 financial year, PNE WIND AGs Board of
Directors and Supervisory Board propose to pay a dividend amounting
to EUR 0.08 (previous year: EUR 0.04) and a special dividend of EUR
0.02 for each participating share. The Annual General Meeting will
pass a resolution on this motion on 22nd May 2013.

The company experienced significant tailwinds from the offshore
sector during 2012. The sale of the "Gode Wind" I to III projects to
DONG Energy played a particularly large part in the positive business
development. Against this background and a variety of other growth
opportunities the Board of Directors reaffirm its forecast of
realising a cumulative EBIT of EUR 60 to 72 million in the financial
years from 2011 to 2013. The company also expects to achieve a total
EBIT of EUR 60 to 72 million in the following two year period of 2014
and 2015 - thereby signalling an increase over its development so
far.

Martin Billhardt, Chairman of the Board of Directors commented on the
gratifying business development: "The financial year 2012 was a
special one in PNE WIND AGs history. The sale of the "Gode Wind"
offshore wind farms was the biggest transaction since our foundation.
The milestone payments already received amounting to EUR 82 million
and additional outstanding payments of EUR 75 million will strengthen
our capital base and expand our range of operational opportunities."

Looking forward, the company intends to achieve positive developments
in all business sectors. The basis for this is supported by our
project pipeline which has significant potential at home in Germany
and in our international markets. "In the onshore sector alone our
team is currently working on projects with a total nominal generating
capacity of over 3,000 MW. We are also expecting additional
contributions to our results from our offshore activities in the
medium and long term", said Markus Lesser, Chief Operating Officer.

Beyond the growth opportunities contained within our current project
pipeline, the company reviews opportunities on a regular basis to
drive the business forward by means of potential acquisitions. "We
are currently conducting exclusive negotiations with a target company
which is active in the development of onshore wind farms in Germany
and abroad", says Martin Billhardt. Here, PNE WIND AG is seeking to
acquire more than 50% of the shares. The initial price indication for
100% of the target company shares amounts to EUR 100 million.

For this purpose, as well as to financing the acquisition of projects
in development at home and abroad and to provide equity for the 180
MW of German wind farm projects in development, PNE WIND AG plans to
issue a corporate bond with a total volume up to EUR 100 million on
the Prime Standard segment of the German stock exchange. "As with our
shares we have chosen the segment, which has among the highest
international transparency standards. We wish to gain investor trust
by providing the maximum amount of information possible", explained
Martin Billhardt.

The 2012 annual report can be downloaded from the internet site,
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 MW. In Germany (onshore), wind farm
projects with over 1,000 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 Southeast Europe, Great Britain, USA and
Canada. In these countries wind farm projects with a nominal output
of up to 2,000 MW are currently 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: rainer.heinsohn@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