DGAP-Ad hoc: PNE WIND AG

DGAP-Adhoc: PNE WIND AG sells 80% majority stake in PNE WIND YieldCo

PNE WIND AG / Key word(s): Disposal/Forecast

09.12.2016 20:49

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Public Disclosure of Insider Information Pursuant to Article 17 of the EU Market Abuse Regulation (MAR)

PNE WIND AG sells 80% majority stake in PNE WIND YieldCo Deutschland GmbH

Cuxhaven, December 9, 2016 - Today PNE WIND AG signed a share purchase agreement with a subsidiary of AREF II Renewables Investment Holding S.á.r.l. concerning the sale of an 80% shareholding in PNE WIND YieldCo Deutschland GmbH, which has an enterprise value of more than EUR 330 million. PNE WIND AG retains a share of 20% in the company and will be responsible for the operational management of the YieldCo and its wind farm projects. The closing of the share purchase agreement is subject to conditions precedent, including the approval of the transaction by the Federal Cartel Authority. The payment of the purchase price in the amount of approximately EUR 103 million is expected before this year's end.

The share purchase agreement now signed is a major step towards attaining the earnings target of a consolidated EBIT up to EUR 100 million for the financial year 2016, provided that its closing takes place this year.

The purchaser, a sub-subsidiary company of the energy- and infrastructure- fund Allianz Renewable Energy Fund II, is managed by Allianz Global Investors GmbH. PNE WIND AG has bundled in PNE WIND YieldCo Deutschland GmbH wind farm projects with a total of 142.5 MW, including wind farm projects under construction with a total of 6.6 MW. Furthermore, PNE WIND YieldCo Deutschland GmbH has an option to purchase a further 9.9 MW from PNE WIND Group.



Contact: Contact:

PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Rainer.Heinsohn@pnewind.com

PNE WIND AG Investor Relations Scott McCollister Tel: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Scott.McCollister@pnewind.com

09.12.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-Straße 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pnewind.com Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0, WKN: A0JBPG, A1R074, , A12UMG, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------