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SOLON AG für Solartechnik sets conditions of the convertible bond

(PresseBox) (Berlin, ) SOLON AG für Solartechnik has extended to its shareholders a subscription offer for convertible bonds in an aggregate principal amount of up to EUR 200 million, divided into bonds with a principal amount of EUR 1,000. The subscription right for fractional amounts resulting from the subscription ratio has been excluded. The subscription period ends on and including 3 December 2007.

Subject to the exercise of the shareholders' subscription rights ("claw-back"), all unsubscribed convertible bonds were offered yesterday, 29 November 2007, by HSBC bank plc for purchase to selected qualified investors in the course of a bookbuilding.

On Friday, 30 November 2007, upon completion of the bookbuilding, the Management Board, with the consent of the Supervisory Board, determined the final and binding conditions of the convertible bonds (ISIN DE000A0S9JG3 // WKN A0S9JG) taking the results of the bookbuilding into consideration. The aggregate principal amount of the convertible bonds is EUR 200 million. For each bond the subscription price will be 100% of the principal amount per bond, the conversion price will be EUR 94.65 representing an initial conversion premium of 27.5% over the share reference price, the coupon will be 1.375% p.a., the yield to maturity will be 3% p.a. and the redemption price at maturity will be 108.63%. The bond matures on 6 December 2012. Each bond with a principal amount of EUR 1,000 may be converted into 10.5652 no par-value bearer shares of SOLON AG für Solartechnik. According to the terms and conditions of the bonds the bonds may be converted during the period from 16 January 2008 up to and including the 7th business day prior to their maturity date.

It is expected that the bonds will be included for trading on the unofficial market (open market) of the Frankfurt Stock Exchange on 5 December 2007.

This announcement is made solely for information purposes and constitutes neither an offer nor a solicitation to buy the convertible bond mentioned in this announcement or any other securities of SOLON AG für Solartechnik.

The convertible bonds, the corresponding subscription rights and the shares to be delivered upon conversion are not and will neither be registered under the provisions of the United States Securities Act of 1993 (the 'Securities Act') nor with the securities regulatory authorities of individual states of the United States of America. As a result they may be neither offered nor sold there, not delivered either directly or indirectly, apart from exceptional circumstances due to a waiver of the registration requirements of the Securities Act.