Prolongation of the option to acquire the Jädraås project and co-operation with Platina

Prolongation of the option to acquire the Jädraås project and
co-operation with Platina

PRESS RELEASE, Halmstad, 10 July 2011

Arise Windpower AB (Arise) has prolonged its call option to acquire
Jädraås Vindkraft AB , a project company which holds existing permits
for wind farm projects, inclusive project planning for the construction
of 200 MW of wind power capacity, equivalent to 66 wind turbines, in
Jädråas (Project). The call option is initially prolonged to the end of
August, pending finalising of financing for the Project and the final
investment decision, and the call option can be prolonged even further.

Arise has entered into a co-operation for the Project with Platina
Partners LLP (Platina), giving Platina the right to acquire and fund
half of the Project.

Halmstad, 10 July 2011
ARISE WINDPOWER AB (publ)

 
The information contained herein constitutes information which Arise
Windpower AB is legally required to publish under the Swedish Securities
Market Act (SFS 2007:528) and/or the Swedish Financial Instruments
Trading Act. The information was released for publication at 20:00 on 10
July 2011.

For further information, please contact
Peter Nygren, CEO Arise Windpower AB (publ), +46 706 300 680
Leif Jansson, Director of Investor Relations, Arise Windpower AB (publ),
+46 707 340 554
Mikael Schoultz, Partner Platina Partners LLP, +44 7843 074373