DGAP-Adhoc: Centrosolar Group AG: Financing concept drawn up - regular proceedings for two subsidiaries

Centrosolar Group AG / Key word(s): Restructure of Company

23.10.2013 20:54

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, October 23, 2013. CENTROSOLAR Group AG announces that its two
subsidiaries, Centrosolar AG (Hamburg) and Centrosolar Sonnenstromfabrik
GmbH (Wismar), have today reached a common understanding with the banks
that are financing the working capital on a concept to finance the
continuation of the business. A financing agreement to that effect is to be
finalized in the next few days. Part of the financing concept is that
Centrosolar AG and Centrosolar Sonnenstromfabrik GmbH leave the protective
shield proceedings and apply for the appointment of a preliminary
insolvency administrator following the regular proceedings in order to
provide further comfort to the banks.

CENTROSOLAR Group AG will continue to pursue its re-organization by means
of protective shield proceedings.

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Information and Explaination of the Issuer to this News:

About CENTROSOLAR Group AG:

The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN
A1TNS1) is one of the leading suppliers of photovoltaic (PV) systems for
roofs and key components, with over 700 employees in Europe and North
America and annual revenue of EUR 189 million (2012) for the continuing
operations. Its product range comprises solar integrated systems, modules,
inverters and mounting systems. Over two-thirds of revenue is generated
internationally. There are CENTROSOLAR branches such countries as Italy,
France, Greece, Switzerland, the Netherlands, the UK, Canada and the USA.
CENTROSOLAR manufactures modules at a plant in Wismar (Germany). The module
production plant certified to DIN ISO 9001:2008 is one of the largest and
most efficient such plants in Europe, with an annual capacity of 350 MWp.

For more information, visit www.centrosolar-group.com.

For further information, please contact:

MetaCom GmbH

Georg Biekehör

Tel.: +49 (0)6181 9828030

email: g.biekehoer@go-metacom.de

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Language: English
Company: Centrosolar Group AG
Walter-Gropius-Str. 15
80807 München
Germany
Phone: +49 (0)89 20 1800
Fax: +49 (0)89 20 180 555
E-mail: info@centrosolar.com
Internet: http://www.centrosolar-group.de
ISIN: DE000A1TNS13, DE000A1E85T1,
WKN: A1TNS1, A1E85T,
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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