AD HOC NEWS

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 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”.

Restructuring Plan and Alignment of Business Modell

COLEXON Energy AG — 04/13/2011

Hamburg, April 13, 2011 In the context of a restructuring concept COLEXON Energy AG (ISIN: DE0005250708, WKN: 525070) aligns its business model according to changes in the market development. Due to the drastic reductions of the feed-in-tariff in key sales markets the project business will be reduced considerably. The key focus will be on the sale of solar modules and components as well as on selected projects, primarily in the roof-top segment, and value added services in the project business. Additionally, a gradual sale of solar power plants in own operations shall take place to enhance the liquidity of the association. The reshaped business model is characterized by a lower cost base and requires fewer personnel. Through the realignment of the business model and the resulting reduction of the capital intensity, COLEXON shall reach a stable initial position to take part in the further growth of the renewable energies industry.

Preliminary result

COLEXON Energy AG — 02/09/2011

COLEXON Energy AG, Hamburg, anticipates a lower result for 2010 as previously projected. The Management Board downgrades the EBIT from EUR 13-15 Mio to EUR 9-11 Mio. The reduced EBIT level is predominantly caused by one-off effects (write-off of project rights in countries, in which the legal framework has changed unpredictably, shift of the financial close of projects from 2010 to 2011). Hamburg, February 9th, 2011 COLEXON Energy AG Management Board

Changes in the Management Board of Colexon Energy AG

COLEXON Energy AG — 01/05/2011

In its meeting as of today, the Supervisory Board of COLEXON Energy AG has appointed Mr. Volker Hars, COO of the company, as the new CEO. At the same time, Mr. Thorsten Preugschas has ceased to be a member of the Management Board. During the last twelve months, Mr. Volker Hars has been responsible for developing the overall strategy of the company and especially for the IPP segment with focus on Italy. Consequently, Mr. Tobias Friedrich, authorized signatory of the company, assumes the overall responsibility for the “Project” sales unit. The company points out that these changes are an important step on the way to a further development of the company in the international photovoltaic market and to implement a sustainable improvement of cost efficiency.

Strategic sales – COLEXON Energy AG is optimizing IPP-Portfolio

COLEXON Energy AG — 12/17/2010

Hamburg, 17. December 2010 – Today, COLEXON Solar Energy ApS, a subsidiary of COLEXON Energy AG (WKN 525070, ISIN DE0005250708), has sold all business shares of two project companies to a Hamburg-based investment company. The sale concerns the Renewagy 7. Solarprojektgesellschaft mbH & Co. KG and the Renewagy 9. Solarprojektgesellschaft mbH & Co. KG, containing the solar parks Eckolstädt (8.8 MWp) and Froschham (4.2 MWp) including all liabilities. The sales volume amounts to nearly nine million euros. Within the acquisition of the danish independent power producer Renewagy A/S in 2009, the plants were initially taken over into the IPP-portfolio of COLEXON Energy AG. COLEXON is now optimizing its portfolio by selling these business shares and is generating additional liquid funds for investments in lucrative portfolios in European growth markets.

COLEXON Energy AG: International sales support strong turnover growth

COLEXON Energy AG — 11/10/2010

Increase in turnover by 37 per cent to 154.0 million Euros in first three quarters (pro -forma Q3 2009: 112.7 million Euros) EBIT amounts 13.2 million Euros (pro forma Q3 2009: 14.0 million Euros) Goodwill write-off of 63.4 million Euros effects comparability of group earnings Hamburg, November 10, 2010 – COLEXON Energy AG (WKN 525070, ISIN DE0005250708) published its nine month report 2010 today. The photovoltaic company increased its turnover by 37 per cent to 154.0 million Euros compared to the previous year (pro forma 2009: 112.7 million Euros). The earnings before interest and taxes (EBIT) amounted to 13.2 million Euros excluding the extraordinary effect from the impairment of goodwill (pro forma 2009: 14.0 million Euros). With the q3 results COLEXON is on the right track to fulfill its guidance for the current financial year with 200 million Euros turnover and an EBIT of 13 to 15 million Euros (excluding the goodwill write-off). In the course of the year, the cuts in the reduction of the German feed-in tariff have led to decreasing profit margins in Germany and drove the international diversification of the solar industry. This development supported COLEXON’s strategic approach that aimed at a sustainable expansion of the international project business in the third quarter. While in the first half the business had mainly focused on the German market, in the third quarter about 80 per cent of the project turnover was generated in European export markets. Excluding the extraordinary effect from impairment of goodwill, the EBIT of 13.2 million Euros slightly decreased by six per cent compared to last year (pro forma Q3 2009: 14.0 million Euros). Hence, due to the goodwill write-off of 63.4 million Euros, the Q3 group earnings are strongly distorted. After the impairment of the goodwill COLEXON records a loss after of 50.2 million Euros. The historic goodwill of Renewagy A/S roots in a transaction in 2007 and has been included in the Renewagy balance sheet prior the reverse acquisition. In the context of the takeover of the Renewagy A/S in the year of 2009 the goodwill was taken on to the books of the COLEXON group. It was based on the assumption of a continuous and very long-term expansion of the solar power plant portfolio. Feed-in tariffs have been reduced earlier and more severely than expected in major European markets so that the management of COLEXON Energy AG saw itself compelled to correct the very long-term assumptions in respect of the power plant portfolio. The write-off does not affect the accounts of COLEXON Energy AG, does not have a cash impact, and consequently has no influence on the current financial status of the company. The intrinsic value of the existing proprietary solar power plant portfolio is not affected by the regulatory changes, as it benefits from feed-in tariffs that are secured for 20 years. Management sees good opportunities to expand the solar power plant portfolio in the short to medium term and will continue to pursue this strategy. The complete financial report is available for download on the company’s website www.colexon.com. www.colexon.com

COLEXON Energy AG writes off 63.4 million Euros goodwill as of 30.9.2010

COLEXON Energy AG — 10/21/2010

Hamburg, 21 October 2010 – COLEXON Energy AG (WKN 525070, ISIN DE0005250708) writes off 63.4 million Euros goodwill at group level. This goodwill was taken on to the books of the COLEXON group as a result of the acquisition of Renewagy A/S in 2009 and is based on the assumption of a continuous and very long-term expansion of the solar power plant portfolio. Feed-in tariffs have been reduced earlier and more severely than expected in major European markets, so that the management of COLEXON Energy AG sees itself compelled to correct the very long-term assumptions in respect of the power plant portfolio. The write-off does not affect the accounts of COLEXON Energy AG, does not have a cash impact, and consequently has no influence on the current financial status of the company. The intrinsic value of the existing proprietary solar power plant portfolio is not affected by the regulatory changes, as it benefits from feed-in tariffs that are secured for 20 years. Management sees good opportunities to expand the solar power plant portfolio in the short to medium term and will continue to pursue this strategy.

COLEXON Energy AG shows persistently strong turnover growth and results in 2nd quarter

COLEXON Energy AG — 08/11/2010

Increase in turnover of 82% to 109.2 million Euros (pro forma 2009: 60 million Euros) EBIT is 8.6 million Euros (pro forma 2009: 5.7 million Euros) Forecast of turnover of more than 200 million Euros and 13 - 15 million Euros EBIT for the whole of 2010 Hamburg, August 11, 2010 – COLEXON Energy AG (Securities Id. No. 525070, ISIN DE0005250708) has published its half-yearly figures today. The Hamburg-based solar energy company has succeeded in continuing the positive trend of the first quarter. In its half-yearly figures, COLEXON shows an increase in turnover in comparison to last year's figures of 82% to 109.2 million Euros (pro forma 2009: 60 million Euros). The earnings before interest and tax (EBIT) increased by 51% to 8.6 million Euros (pro forma 2009: 5.7 million Euros). These results confirm the forecast for the whole of 2010. The company anticipates sales revenue of more than 200 million Euros and 13 – 15 million Euros EBIT. The project business sector will be further developed over the course of the year; in the second half the focus will be on the international project portfolio. In this context, project development will be particularly focused on the foreign markets of Italy, France and the Czech Republic. The full half-yearly report is available for download on the company's website at www.colexon.de under the heading "Investor Relations".

COLEXON clearly exceeds forecasts and presents strong growth in turnover and EBIT

COLEXON Energy AG — 03/26/2010

Guidance for turnover and EBIT for 2009 clearly exceeded Strong growth in EBIT of EUR 18.5 million and turnover of EUR 188.1 million (pro-forma) Acquisition of Renewagy in August 2009 augments strategy and financial performance Continuous growth despite challenging circumstances on the solar market Hamburg, March 26, 2010 – COLEXON Energy AG, (“COLEXON” or “the Company”) Hamburg (WKN 525070, ISIN DE0005250708) today publishes its annual results for the business year ended 31 December 2009. COLEXON, the solar EPC and IPP company, clearly exceeded the forecast turnover of EUR 160 - 180 million and the EBIT of EUR 16 - 18 million despite challenging circumstances on the solar PV market. Compared to the COLEXON results of 2008 the turnover increased by 32 percent to EUR 188.1 million (pro forma), with earnings before interest and taxes (EBIT) achieving an even more pronounced growth of 52 percent to EUR 18.5 million (pro forma). COLEXON has thereby confidently continued the trend for growth in an industry currently undergoing a difficult phase. This successful development is based on a business model that allows the company to react to changes in the market in a flexible and efficient manner. The wholesale sector provided the biggest contribution to turnover with EUR 127.8 million for the business year 2009. The company placed a total of 91 megawatts in solar modules - an increase of 62.5 percent. While the project sector (EPC) contributed turnover of EUR 48.4 million, it followed a general trend seen in the industry caused mainly by the liquidity squeeze on certain customers and the restrictive loan policies of the banks. The addition of the solar power plant operation (IPP) business area gained through the merger with Renewagy in August 2009, provided COLEXON with a turnover of EUR 17.8 million and an EBIT contribution of EUR 7.3 million, giving further strength and stability to the group. As a result, COLEXON was able to achieve a positive EBIT growth, despite shrinking growth margins in the solar industry. The representation of the results for the 2009 business year is shaped by the Renewagy take-over, which was recorded as a reverse takeover. Due to International Financial Reporting Standards (IFRS), the turnover for the EPC and wholesale divisions of the "old" COLEXON prior to the takeover are not accounted for in the period 1 January 2009 to the date of the takeover on 13 August 2009. For the period from 14 August to 31 December 2009, both the Renewagy and the "old" COLEXON results were taken into account. According to IFRS, the "new" COLEXON therefore exhibits a turnover of EUR 117.2 million with EBIT of to 17.8 million for the full year according to IFRS. Operating cash flow under IFRS for the full year amounted to EUR 28.8 million. The annual report 2009 is available for download at the COLEXON website (www.colexon.com) under the section ‘Investor Relations’.