A memorandum of understanding has been entered into with Platina Partners with the purpose to jointly build and own 160 to 250 MW in project Lingbo

A memorandum of understanding has been entered into with Platina Partners with
the purpose to jointly build and own 160 to 250 MW in project Lingbo

Arise Windpower AB (publ) (”Arise”) has entered into a memorandum of
understanding with Platina Partners LLP (”Platina”), together (the ”Parties”),
with the intention to jointly finance, build, own and operate project Lingbo, in
total amounting to 160 to 250 MW.

Lingbo has been developed by Bergvik Skog AB with a right for Platina to acquire
the entire project and in turn Arise has the right to acquire 12.5 % to 50 % of
the project. The Lingbo project is situated approximately 30 kilometers north of
the so called Jädraås project and is fully permitted with the right to erect up
to 85 wind turbines. Detailed planning and preparations for construction start
are ongoing and construction is estimated to begin at the earliest in the
autumn/winter 2012.

The memorandum of understanding is subject to final approval by the Parties’
board of directors, which for Arise is expected to take place on 25 April this
year. Financing required for Arise to reach a significant ownership stake in
excess of 12.5 % has been raised in a successful bond issue of SEK 350m
announced earlier this week. The ownership stake represented by SEK 350m depends
on the final size of the project. The memorandum of understanding is an
extension of the Parties’ successful cooperation in project Jädraås, 203 MW,
currently in construction and developing according to plan.

Through the extended cooperation with Platina, Arise is consolidating its
position as the leading onshore windpower company in Sweden.

Halmstad, 16 March 2012
ARISE WINDPOWER AB (publ)

                            

For further information, please contact
Peter Nygren, CEO Arise Windpower AB, +46 706 300 680
Linus Hägg, Head of Corporate Finance, Arise Windpower AB, +46 702 448 916
Mikael Schoultz, Partner Platina Partner LLP, +44 784 307 4373

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 12.00 a.m. on 16 March.

About Arise Windpower
Arise Windpower is one of Sweden’s leading companies in onshore wind power. Its
business concept is to sell electricity generated at the company’s own wind
turbines. The company’s target is to have about 700 MW (equivalent to about 300
wind turbines) in operation or under construction by 2014. Arise Windpower is
listed on NASDAQ OMX Stockholm.
Arise Windpower AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone
+46 (0)35 20 20 900, corporate id no. 556274-6726

About Platina Partners LLP
Platina Partners LLP ( www.platinapartners.com ) ("Platina") is an independent
European investment firm established in 2002- It focuses on renewable energy
infrastructure projects (mostly wind and solar) and special situation buyouts to
transform businesses. With equity under management of c.?500m and an experienced
investment team based in London, Paris and Milan, Platina Partners has a
track-record of delivering value to its investor base which comprises leading
institutional investors, pension funds and family offices.