Ad-hoc | 20 October 2006 18:11

Reinecke + Pohl Sun Energy AG: Targets for Turnover and Earnings for 2006 will not be achieved

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Reinecke + Pohl Sun Energy AG, Hamburg, will not be able to achieve the targets for turnover and earnings for 2006 which were given by the Executive Board. Among the reasons for missing the prognoses are changing market conditions which have hampered the sale of photovoltaic plants. The company had planned to more than double the turnover of the first six months in the second half of 2006. The Executive Board does not consider this to be realistic anymore, among other reasons because of lower than expected domestic demand for crystalline modules. The positive development of the international business activities which lay above expectations is not able to compensate for that. Apart from that, company internal changes like the effects of the resign of one of the managers of the subsidiary Nastro Umwelttechnik GmbH have made the Executive Board revise the planning for the business year 2006. The current cost structure of the company does not correspond with the lower sales, adding to this effect are special items such as writing-off on receivables and the costs of the issue of the convertible bond. As already announced, preliminary results of the third quarter 2006 are to be published in the beginning of November 2006. The complete Quarterly Report will be available at the end of November 2006. The Executive Board of Reinecke + Pohl Sun Energy continues to emphasise the positive outlook of the company which is a.o. based on the consequent strategy to focus on yield-strong thin-film technology as well as on the solid financial resources of the group. ————————————————————————— Information and Explaination of the Issuer to this News: Reinecke + Pohl Sun Energy Group is one of the leading manufacturer independent system providers in the photovoltaic sector. Its subsidiaries, Nastro-Umwelttechnik GmbH and Maass Regenerative Energien GmbH, plan and design turnkey solar power plants for institutional and private investors at home and abroad. The company is listed in the Prime Standard segment of Geregelter Markt of the German Stock Exchange. (c)DGAP 20.10.2006 ————————————————————————— Language: English Issuer: Reinecke + Pohl Sun Energy AG Große Elbstraße 45 22767 Hamburg Deutschland Phone: +49(0)40696528-134 Fax: +49(0)40696528-159 E-mail: kostorz@rpse.de WWW: www.rpse.de ISIN: DE0005250708 WKN: 525070 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, Stuttgart, München End of News DGAP News-Service —————————————————————————