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ots Ad hoc-Service: SolarWorld AG
IPO WindWelt AG
Ad hoc-announcement edited and sent by DGAP. The sender is solely
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Bonn (ots Ad hoc-Service) - 01 February 2001: Ad Hoc Service Solar
World AG (Securities Code No. 510840)
Voluntary communication in line with @ 15 WpHG (Securities Trading Act) and pursuant to @2, Sect. 2 of the Investors Guidelines of the Düsseldorf Stock Exchange
SolarWorld AG Goes Public With WindWelt AG
In the first half of 2001 SolarWorld AG will go public with its wind energy activities. These are merged in the SolarWorld subsidiary WindWelt GmbH which is currently in the process of being converted into a stock corporation (German AG).
Before the IPO WindWelt AG will effect a capital increase from currently EURO 5.0 million to EURO 6.0 million in which investors can participate by way of share subscription. As a venue for the IPO the company has chosen the tried and tested segment of the Düsseldorf over-the-counter market (Freiverkehr) where SolarWorld AG itself is also quoted. This stock exchange segment has a comprehensive catalogue of guidelines to take investor interests in a high level of investment security into account. Quotations are applied for in Xetra and at all major German stock exchanges.
WindWelt traces its business activities back to the Asbeck Immobilien- und Kraftwerksgesellschaft mbH and is mainly involved in the planning, construction and operation of wind energy and solar energy parks as well as other power stations of the New Energy Generation. As a result of the fact that the regenerative power plants remain part of the fixed assets of the company WindWelt is clearly distinguished from other publicly quoted wind park planning offices that place shares of wind park funds with limited fungibility in the capital market but do not build up any sustainable power station capacities of their own.
SolarWorld AG will remain the majority shareholder of its subsidiary WindWelt AG well beyond the IPO. WindWelt AGs IPO as an owner/operator of New Energy power plants is in fact one step towards the implementation of the strategy of expansion of SolarWorld AG which will operationally concentrate on the solar value chain, from silicon as a raw material to solar power as the final product. In implementing its Solarparc concept WindWelt AG will be given preferential support by SolarWorld AG as its upstream supplier. Other synergies will result for WindWelt AG from SolarWorld AGs shareholding in Fuhrländer AG, a German manufacturer of wind energy plants.
The Supervisory Board will appoint the following executive board members: Dipl.-Ing. Frank H. Asbeck as President and CEO and Dipl.-Met. Thomas Klodt as Vice President Engineering.
Your contact: SolarWorld AG, Investor Relations / Marketing Communications
For the business press: Herr Dipl.-Pol. Oliver Ristau, Tel.-No.: 0177/678 2705
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