PNE WIND AG sells shares in offshore projects "Borkum Riffgrund" I and II to DONG Energy

Cuxhaven, (PresseBox) - The wind farm developer PNE WIND AG (ISIN DE000A0JBPG2) sells its shares in the offshore wind farm projects "Borkum Riffgrund" I and II to the Danish utility group DONG Energy. Until now both companies held shares of 50 percent each in these projects. PNE WIND AG shall receive the purchase price in partial amounts as milestone payments when reaching determined steps in the project. PNE WIND AG immediately shall receive an initial payment of about 11.3 million Euros including reimbursement of advance payments already made and loans. As a whole the remaining payment of previously agreed purchase price of ca. 56 million Euros is brought forward and paid with a discount.

Due to this transaction PNE WIND AG's EBIT will increase from 5 to 7 million Euros predicted so far to an approximate estimated 13 to 15 million Euros.

The project "Borkum Riffgrund I" with up to 77 wind energy systems and 277 MW total nominal output has already been approved. The approval procedure for "Borkum Riffgrund II" with up to 96 wind energy plants is under way.

It is agreed with DONG Energy that PNE WIND AG will continue contributing to the development of such two offshore wind farm projects in the North Sea, acting as a service provider for DONG Energy.

PNE WIND AG

cometis is a consultancy focusing on financial and corporate communication. Founded in 2000 and originally based in Frankfurt/Main the company is now based in Wiesbaden, the capital of the German state of Hesse. Our team of about 20 employees commands longstanding experience on the capital markets, and this forms the foundations for our topoftherange strategic, operational and methodical consulting services. cometis has realized 14 IPO projects and two additional stock market listings over the past four years, thus establishing itself as a leading IR consultancy in Germany.

In addition to supporting capital market transactions, we also offer a broad range of services to our clients for ongoing financial communication. These include drafting content as well as designing quarterly and annual reports, investor presentations, press and ad hoc releases, corporate Web sites, organizing media and investor roadshows, as well as preparing for annual shareholders' meetings. A key focus of our consulting services is personal coaching for company representatives. We offer both individual media and financial coaching and special sessions for fair and unfair dialectics. In our Corporate Communications business unit we support our clients with ongoing communication with internal and external target groups.

Our consultants combine indepth business management, economic, journalistic and graphical expertise with the very best communication skills. In addition to our strong service orientation we reach pragmatic, immediately workable solutions for our clients' effective communication. At the same time, our extensive network of contacts with the national and international capital markets and media representatives support you in realizing your objectives.

You can find further information and references from various industries on our Web site www.cometis.de.

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