News

COLEXON sells solar project companies

COLEXON Energy AG — 02/22/2012

Hamburg, February 22, 2012 – Hamburg-based COLEXON Energy AG (WKN 525070, ISIN 0005250708) has sold two further solar project companies as part of the plan to streamline its business activities. COLEXON has sold the Renewagy 1. Solarprojektgesellschaft mbH & Co. KG, with a rooftop installation portfolio in Southern Germany consisting of 55 photovoltaic installations at 29 locations and a nominal output of 4.5 MWp. Buyer is Belgian-based solar power producer 7C Solarparken N.V. headquartered in Mechelen. Both parties have agreed to not to divulge the sale price. Furthermore, COLEXON has sold a photovoltaic installation in Italy with a nominal output of 1 MWp to an Italian energy utility company. Antitrust approval for the transaction is expected in the coming month. Both parties have also agreed not to divulge the sale price. Following these transactions, COLEXON maintains a portfolio of German core projects with a nominal output of 23.2 MWp in total bundled in seven project companies, as well as core projects in Italy with a nominal output of 5 MWp in total, partially bundled in a local joint venture.

COLEXON hones business model due to market weakness in the first half of the year

COLEXON Energy AG — 08/31/2011

International cutbacks in feed-in tariffs are weakening demand Revenue in the first half of the year fell by 48 percent compared to the previous year COLEXON is adapting its business model to the changing conditions Hamburg, August 31, 2011 - Hamburg-based COLEXON Energy AG (WKN 525070, ISIN DE0005250708) has issued its report for the first half of 2011. The Hamburg-based solar company’s business was affected by very weak demand as a result of unscheduled cutbacks and limitations on funding in the photovoltaics industry’s core markets. COLEXON began simplifying internal structures and reducing costs at an early stage to combat this significant cooling of the market environment. The revenue of COLEXON Energy AG almost halved in the first half of 2011 compared to the same period in the previous year, falling from 109.2m EUR to 56.9m EUR. In terms of sales revenue, the wholesale segment reached 35.8m EUR, representing 63 percent of the total revenue. With 13.7m EUR, 24 percent of the revenue was attributed to the projects segment, while revenue generated by the solar power plant operation and service & management segments totaled 6.9m EUR (12 percent) and 0.5m EUR (1 percent) respectively. Earnings before interest and tax (EBIT) indicated a shortfall of 2.0m EUR during the report period, while in the first half of 2010 an EBIT of 8.6m EUR was achieved. COLEXON Energy AG is facing its current challenges with an extensive restructuring process. The restructuring work involves key elements such as considerable downsizing of the organization while retaining core competencies and, fundamentally, a concentration on core markets and asset management for the company’s own PV plants. The aim of the adapted business model is to considerably reduce staff and material costs in order to perceive future opportunities in the solar market. The full half-yearly report 2011 can be downloaded on the company’s website at www.colexon.com in the Investor Relations section.

Cost reduction by staff reduction and site closures

COLEXON Energy AG — 07/25/2011

For market-related reasons and changes in financing terms COLEXON Energy AG (ISIN DE0005250708, WKN 525070, listed Regulated Market, Frankfurt am Main/Germany (Prime Standard)) has taken measures to adjust its business volume to these changed conditions by a considerable reduction. The Company will therefore – at short notice – effect a staff reduction to a considerable extent and close the sites in Mainz and Imola (Italy). Together with further measures for cost and risk reduction the Company assumes that it will be possible to raise the liquidity required in future without short-term credit financing by banks. COLEXON Energy AG is still aiming at participating in a future growth of the photovoltaic sector.

COLEXON looks back on a successful Intersolar 2011

COLEXON Energy AG — 06/22/2011

Hamburg, June 22, 2011. This year’s Intersolar 2011: Bigger, more international and better attended than ever. Around 77,000 visitors from 156 countries used the three-day event for gathering information from 2,280 exhibitors about current developments in the international solar markets and the latest technology trends. Of course, COLEXON Energy AG was also present. Numerous trade visitors from all over the world took the opportunity to inform themselves at the COLEXON booth about the company’s services and products. In the focus of this year’s presentation for the Hamburg based COLEXON Energy AG was the presentation of the newly developed rooftop system solution: COLEXON FLEX. For the first time in Germany, the photovoltaic experts presented the system solution for roof - parallel PV plants starting from 10 kWp. ”The feedback of the booth visitors towards COLEXON FLEX was remarkably positive,” emphasized CEO Volker Hars. “The TÜV certified PV substructure: “COLEXON SYSTEM C Z”, especially suited for lightweight flat roofs, also convinced many potential customers.“ COLEXON looks back on an overall positive exhibition, despite the also clearly noticeable reluctance of the market players: Promising business contacts could be established especially in the wholesale and the rooftop segment. “Especially in difficult market phases, the industry’s leading exhibition allows us to personally discuss our costumers‘ and business partners‘ uncertainties about the current market situation and to react directly,“ added CEO Hars. The Intersolar Europe again confirmed its reputation as the world’s largest trade fair for the solar sector and set a new record in exhibitors and visitors. Next year’s Intersolar Europe will take place from June 13 to 15, 2012 and will again be a mecca for the solar industry worldwide.

Publication of a Notification according to Sec. 21 para. 1 WpHG

COLEXON Energy AG — 06/21/2011

Publication according to Sec. 26 para. 1 WpHG Finansiel Stabilitet A/S, Copenhagen, Denmark, has informed us according to Sec. 21 para. 1 WpHG that its share of voting rights in our company on June 14, 2011 has exceeded the thresholds of 3%, 5% and 10% and that it amounts on that day to 11.24% (1,994,172 voting rights). A share of voting rights thereof amounting to 10.22 % (1,814,040 voting rights) is attributed to it according to Sec. 22 para. 1 sentence 1 no. 6 WpHG in connection with Sec. 22 para. 1 sentence 2 WpHG. Voting rights of the following shareholders whose share of voting rights in COLEXON Energy AG each amounts to 3% or more, are attributed to it in this context: - Bram Stål A/S - TLP Holding ApS under konkurs Finansiel Stabilitet A/S, Copenhagen, Denmark, has further informed us according to Sec. 21 para. 1 WpHG that its share of voting rights in our company with the conclusion of the annual general meeting on June 16, 2011 amounts to 1.02% (180,132 voting rights). COLEXON Energy AG, Grosse Elbstr. 45 22767 Hamburg

Publication of a Notification according to Sec. 21 para. 1 WpHG

COLEXON Energy AG — 06/21/2011

Publication according to Sec. 26 para. 1 WpHG FS Finans A/S, Roskilde, Denmark, has informed us according to Sec. 21 para. 1 WpHG that its share of voting rights in our company has exceeded on June 14, 2011 the thresholds of 3%, 5% and 10% and that it amounts on that day to 10.22% (1,814,040 voting rights). A share of voting rights thereof amounting to 10.22% (1,814,040 voting rights) is attributed to it according to Sec. 22 para. 1 sentence 1 no. 6 WpHG. Voting rights of the following shareholders whose share of voting rights in COLEXON Energy AG each amounts to 3% or more, are attributed to it in this context: - Bram Stål A/S - TLP Holding ApS under konkurs FS Finans A/S, Roskilde, Denmark, has further informed us according to Sec. 21 para. 1 WpHG that its share of voting rights in our company with the conclusion of the annual general meeting on June 16, 2011 amounts to 0% (0 voting rights). COLEXON Energy AG, Grosse Elbstr. 45 22767 Hamburg

COLEXION Energy AG releases the 1st quarterly report for 2011

COLEXON Energy AG — 05/31/2011

First quarter result weaker than expected Discussion about feed-in tariffs, weather and price development reduce demand Restructuring currently being implemented Hamburg, May 31, 2011 - The Hamburg-based COLEXON Energy AG (WKN 525070, ISIN DE0005250708) has issued its report for the first quarter of 2011. In the photovoltaics industry, the first quarter of 2011 was characterized by very low demand and political discussions on feed-in tariffs in the core markets. Alongside general consumer restraint, the poor weather conditions also meant that the entire European solar market fell short of projected values. Due to the harsh cutbacks in remuneration for energy feeding back from the grid, the German sales market in the first quarter of 2011 also showed up much weaker than the same period in 2010. On March 31, 2011, the turnover of COLEXION totaled 25.4 million EUR, following 45.6 million EUR in the equivalent quarter of 2010. From the sales revenue, the trade sector reached 17.8m EUR, therefore 70 percent of the total revenue. With 5.0 million EUR, 20 percent was attributed to the projects sector, while revenue generated by the solar power plant operation and service & works management totaled 2.0 million (8 percent) and 0.6 million EUR (1 percent) respectively. Altogether, the Hamburg-based companies recorded a loss before interest and taxes (EBIT) of 1.5 million EUR. COLEXION Energy AG has decided to adapt its Group strategy to the new conditions. The restructuring plan drawn up for this purpose is currently being implemented and allows for the Group to reposition itself with a streamlined and cost-effective structure. In future, the focus of the company’s business strategy will be on the fragmented market. COLEXON will concentrate predominantly on trade with solar modules and components as well as selected projects, primarily in the rooftop sector, and project-related services. The introduction of the newly developed kit system COLEXON FLEX represents an important milestone in this process. The system has been developed for roof-top systems and consists of high end components of leading manufacturers. It is available for sale. The full quarterly report can be downloaded on the company’s website at www.colexon.de in the Investor Relations section.

From Hamburg to Capetown

COLEXON Energy AG — 05/16/2011

Hamburg, May 16, 2011. Four months ago, the solar power plant on the roof area of the Green Capital information pavilion sponsored by the COLEXON Energy AG was connected to the grid. Since then the solar modules supply the central information point of the European Green Capital with energy, creating considerable CO2 savings at the same time. The information pavilion, which will act all year long as the central contact point for all the information and events associated with the activities connected to the Green Capital year, has a roof area of 117 m². Since the opening of the pavilion on January 14th the compact solar power station of the Hamburg based COLEXON Energy AG supplies clean energy. Despite the hard and long winter in Hamburg the 24 Sanyo solar modules did a good job. Thus, during its first four months of operation the plant produced so far 1,472 kilowatt-hours. In comparison: This corresponds to the energy consumption of a three-person household in the same period. At the same time 1,398 kg CO2 were saved. This corresponds to the CO2-emissions of a car after around 9,300 kilometers – nearly the distance from Hamburg to Capetown. „As a project sponsor of Green Capital we are very pleased to be able to make our contribution to sensitize humans for the necessity of environmental protection“, affirms Volker Hars, CEO of COLEXON, the commitment of his company.

Flexible and powerful

COLEXON Energy AG — 05/11/2011

Hamburg, May 11, 2011. COLEXON Energy AG, the specialist in the photovoltaic rooftop segment, has developed a high quality roof-top system for roof-parallel photovoltaic plants. COLEXON FLEX combines quality components from the manufacturers First Solar, SMA and Würth and is available now. Every roof makes different requirements on a photovoltaic system. With COLEXON FLEX, the Hamburg-based COLEXON Energy AG has developed an ideal solution for roof-parallel photovoltaic systems from an output of 10 kWp. COLEXON FLEX features an intelligent relay system, provides maximum solar yields and offers excellent value for money. “As a specialist for the photovoltaic rooftop segment, we decided to develop a flexible solution for solar systems that can be perfectly adapted to the requirements of the roof and provide our customers with the maximum cost-effectiveness without any loss of quality”, explains Volker Hars, Chairman of the Management Board at COLEXON Energy AG. COLEXON provides this flexible complete system in five different basic kits with generation outputs between 10.08 kWp and 17.92 kWp. The Hamburg solar experts have selected all components according to the highest quality standards and all the components in each kit are ideally suited to one another. This guarantees the maximum system output for all COLEXON FLEX kits. The kits are offered with the latest First Solar thin film modules from Series 3. The module is secured to the roof with the module rails and clamps from the premium mounting system Würth ZEBRA®. A Sunny Tripower inverter from the award winning SMA series transfers the energy generated into mains current. An added benefit is that, depending on the individual requirements and location conditions, the kits can be easily combined. Thanks to the ideally matched components assembly is extremely easy and, thanks to the choice of corresponding roof connection elements, can be used on almost all pitched roofs. Applications Plant size KITs are available from 10.08 to 17.94 kWp and can be combined flexibly. No maximum size. Plant surface area From approx. 100m², division into 2-3 roofs possible if a single grid connection point is available. Roof pitch & orientation Variable Roof type Virtually all types of roof are suitable when appropriate fixtures are used Max. building height Dependent on local parameters, such as wind zone Snow load zone Up to 2,400 Pascal no modifications are required Wind load Dependent on the connection to the roof substructure Further prerequisite The load bearing capacity of the roof must be determined before installation of the PV system. The PV system's additional load is 18 kg/m2.

COLEXON Energy AG presents annual report 2010

COLEXON Energy AG — 04/29/2011

Turnover with EUR 196.0 million and EBIT with EUR 9.5 million in line with expectations Goodwill amortization of more than 63.4 million EUR distorts comparability with last year Hamburg, April 28, 2011. The Hamburg COLEXON Energy AG (WKN 525070, ISIN DE0005250708) presented its annual report for the year 2010. With EUR 196.0 million the internationally operating solar company generated the highest turnover in the company’s history. Moreover, the international share of the project business could be increased to 42 percent. The adjusted EBIT of EUR 9.5 million was lower than in the previous year due to the changed market conditions and the early onset of winter. With 196.0 million EUR COLEXON slightly increased its turnover compared to the previous year. The core turnover driver in 2010 was the wholesale segment with a turnover of EUR 114.3 million (58 per cent of total turnover). The segment projects contributed 34 per cent (EUR 66.2 Mio.) while the plant operation segment achieved EUR 14.4 million (7 per cent). Earnings before interest and tax (EBIT) had been severely affected by a goodwill amortization in the amount of EUR 63.4 million. The goodwill had been adopted to the consolidated financial statement in connection with the acquisition of Renewagy A/S in 2009 and was based on the assumption of a continuously and long term development of the solar power plant portfolio. In the main European markets Feed-in Tariffs had been cut faster and more severely than expected which resulted in the goodwill write-off. The amortization is cash neutral and therefore does not affect the current financial situation of the group. After amortization COLEXON reports a loss of EUR 53.9 million before interest and tax (EBIT). The complete financial statement for the financial year 2010 is available for download at www.colexon.com under the heading “Investor Relations”.