LEGAL DISCLAIMER

COLEXON Energy AG, Hamburg, Germany (COLEXON) on 13 May 2009 has made a voluntary public takeover offer to all shareholders of Renewagy A/S, Virum, Denmark (Renewagy), for all shares in Renewagy in exchange for newly issued shares of COLEXON (the “Offer”). The terms and conditions of the Offer are described in an offer document and an offer announcement related hereto (together the “Offer Document”) which has been approved by the Danish Financial Supervisory Authority on 13 May 2009 in accordance with Danish laws and regulations. This website and the information contained therein relate to this Offer. It is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

Please note the following:

• This website and the information contained therein have been prepared by COLEXON. No representation or warranty (express or implied) of any nature is given, nor is any responsibility or liability of any kind accepted, with respect to the truthfulness, completeness or accuracy of any information, projection, statement or omission in this website.
• The Offer is being made exclusively to the shareholders of Renewagy. The Offer Document has been approved by the Danish Financial Supervisory Authority only. The Offer is not being made directly or indirectly in any country or jurisdiction in which such offer would be considered unlawful or in which it would otherwise violate any applicable law or regulation, or which would require COLEXON to amend the terms or conditions of the Offer in any way, or which would require to make any additional filing with or take any additional action with regard to any governmental, regulatory or legal authority. Documents relating to the Offer may not be distributed in such countries or jurisdictions or sent into such countries or jurisdictions and may not be used for purposes of soliciting the purchase of any securities of Renewagy or COLEXON by any person or entity in such countries or jurisdictions.
• Other than as set forth in the Offer Document, this website and the information contained therein do not constitute, nor do they form part of, any offer or invitation to buy, sell, exchange or otherwise dispose of, or issue, or any solicitation of any offer to sell or issue, exchange or otherwise dispose of, buy or subscribe for, any securities, nor do they constitute investment, legal, tax, accountancy or other advice or a recommendation with respect to such securities, nor do they constitute the solicitation of any vote or approval in any jurisdiction, nor shall there be any offer or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such jurisdiction (or under exemption from such requirements).
• Notice to U.S. Investors: The Offer is not being made, directly or indirectly, in or into the United States of America (the U.S.) or by use of the U.S. mails, or by any means or instrumentality (including, without limitation, post, facsimile transmission, telex, telephone or electronic transmission by way of the internet or otherwise) of U.S. interstate or foreign commerce or of any facility of a U.S. national securities exchange and the Offer cannot be accepted by any such use, means or instrumentality or from within the U.S. COLEXON is not soliciting the tender of securities of Renewagy by any holder of such securities in the U.S. Renewagy securities will not be accepted from holders of such securities in the U.S. Any purported acceptance of the Offer that COLEXON or their agents believe has been made in or from the U.S. will be invalidated. COLEXON reserves the absolute right to reject any and all acceptances determined by them not to be in the proper form or the acceptance of which may be unlawful. Copies of the Offer Document or any related offering documents must not be mailed or otherwise distributed or sent in or into the U.S. and may not be used for the purpose of soliciting the purchase of any securities of Renewagy from anyone in any jurisdiction, including the U.S., in which such solicitation is not authorized or from any person to whom it is unlawful to make such solicitation. Any person receiving the Offer Document (including custodians, nominees and trustees) must observe these restrictions.

I have read and understood this important notice and I confirm that I am not resident or domiciled in a jurisdiction affected by the offer restrictions and that I will not disseminate any offer documents into any such jurisdiction by any means whatsoever.