DGAP-Adhoc: Silicium de Provence S.A. (SilPro), an indirect investment of SOLON SE, files for placement under administration (redressement judiciaire)

| Source: EQS Group AG EQS Group AG 

SOLON SE / Joint Venture

07.04.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Today the competent French commercial court ordered the filing for
placement under administration (redressement judiciaire) for Silicium de
Provence S.A. (SilPro), in which SOLON SE has an indirect investment via
SOL Holding AG, a joint venture. The procedure is comparable to Chapter 11
in the U.S. SilPro will thus be given a period of two months to arrive at a
viable solution with various potential creditors. The company, which was
founded in 2006, was unable to find further funding due to the current
financial crisis, resulting in the necessity of this measure. SilPro,
headquartered in Saint Auban, France, was established for the purpose of
producing polysilicon. It was planned for the installations, which are
still under construction, to start production in 2011.

SOLON SE is impacted via its 48-percent stake in SOL Holding AG, which in
turn holds 70 percent of SilPro. The second shareholder in SOL Holding is
the Dutch group Econcern with a 52-percent stake. Other shareholders in
SilPro are Photon Power Industries (PPI), which has a stake of 30 percent,
and EDF Energies Nouvelles, holding an indirect stake of 12.8 percent via
PPI. For SOLON SE, this measure will result in a possible impairment loss
of EUR 40 million recognized in investment income.





SOLON SE
Therese Raatz
Investor Relations

Tel.: 030 / 818 79 - 9305
Fax: 030 / 818 79 - 9999
E-Mail: investor@solon.com


DGAP 07.04.2009 
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Language:     English
Issuer:       SOLON SE
              Am Studio 16
              12489 Berlin
              Deutschland
Phone:        +49 (0)30 81 87 9-9305
Fax:          +49 (0)30 81 87 9-9999
E-mail:       investor@solon.com
Internet:     www.solon.com
ISIN:         DE0007471195, DE 000 A0S TYS 2, 
WKN:          747119, A0S TYS 
Indices:      TecDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard);
              Freiverkehr in Hannover, München, Hamburg, Düsseldorf,
              Stuttgart
End of News                                     DGAP News-Service
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