SolarWorld AG / Miscellaneous 20.12.2007 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IPO planned for 2008 SolarWorld AG is selling the majority of its Swedish subsidiary Gällivare PhotoVoltaic AB (GPV) to the Swedish company Borevind AB. Both partners signed a purchase contract for 65 per cent of the companys shares. The purchase will become effective at the end of the year 2007. An IPO is planned for 2008. SolarWorld AG will remain a shareholder in the Scandinavian module manufacturer with a stake of 35 per cent. GPV operates a manufacturing facility for solar power modules with a capacity of 30 MW in Gällivare in Northern Sweden that has been in the possession of the SolarWorld Group since 1999. The existing supply relationships between GPV and SolarWorld will be maintained in 2008 and beyond. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Manager-Magazin pays tribute to SolarWorld AGs earnings power Earnings power is one of the central features of SolarWorld AG. This was shown by an analysis of 'Manager Magazin' performed on the basis of the figures of the 2006 fiscal year. The business journal paid tribute to the group as one of the most profitable companies in Europe. Of the 500 largest European stock corporations analyzed SolarWorld AG reached third place and was the best company in the industrial goods sector. About Borevind: Borevind AB (publ) is Swedens first and only investment company in the renewable energy sector to go public. Borevind invests in unlisted companies developing products or services within renewable energy, an area of rapid technological advancement and with great potential. Borevind is not a high risk capital venture. The strategy is long-term and based on acquiring interests in low risk companies. Borevind will invest in companies active within energies such as wind, solar, bio-fuels, fuel cells, waste heat, geothermal energy, wave power. The need for alternative sources of energy will grow and renewable energy will be of paramount importance for future provision of energy and its competitiveness will improve due to future development of technologies and globally increasing prices of all categories of energy. The Borevind investment portfolio comprises companies within wind farm development, solar energy systems, bio fuel heating. The companys head office is based on Henån, an island on the Swedish West coast archipelago. The Borevind share is traded on the Stockholm Stock Exchange, OMX First North. About SolarWorld AG: The SolarWorld Group (ISIN: DE0005108401) is among the top trio of the solar power industry worldwide. The group is dedicated exclusively to the core business of solar energy, combining all stages of the solar value chain, from the raw material silicon to turn-key solar power plants. The company operates production facilities in Germany, Sweden and the USA. In California the largest production site in the USA for solar modules and in Oregon the largest production site in the USA for solar wafers and cells are being created. In Freiberg in Saxony the group operates one of the worlds most advanced integrated solar production facilities. Among the currently most important sales markets are Germany, the USA and in the rest of Europe especially Spain. Sales offices in Germany, Spain, California, South Africa and Singapore service the international solar markets. In addition to on-grid solar power products the group increasingly distributes rural solar power solutions internationally that can make an important contribution to the sustainable economic development of rural regions. After the IPO at the end of 1999, the company developed within a few years into one of the largest fully integrated solar technology groups. At the end of the third quarter of 2007 some 1,969 people were working for the group. At the stock exchange SolarWorld AG is listed among others in the technology index TecDAX, in the Öko-DAX, in the Dow Jones STOXX 600, in the international MSCI Index as well as in the sustainability indices DAXglobal Alternative Energy and NAI. In addition, SolarWorld is involved at the social policy level in order to promote the concept of sustainability and to sharpen public awareness for resource and climate protection. Kontakt: SolarWorld AG Investor Relations / Marketing Communications Kurt-Schumacher-Str. 12-14, 53113 Bonn Tel.-Nr.: 0228/55920 -470; Fax-Nr.: 0228/55920-9470, E-Mail: placement@solarworld.de Internet: www.solarworld.de DGAP 20.12.2007 --------------------------------------------------------------------------- Language: English Issuer: SolarWorld AG Kurt-Schumacher-Straße 12-14 53113 Bonn Deutschland Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 99 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE0005108401 WKN: 510840 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin, München, Hamburg, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SolarWorld AG sells 65 per cent of the Swedish module subsidiary GPV to Borevind AB
| Source: EQS Group AG