PNE WIND AG: Shareholders meeting again resolves to pay a dividend

Dividend amounts to 0.04 Euro per share / Supervisory Board mandates prolonged early

(PresseBox) ( Cuxhaven, 16.05.12 )

In today's annual general meeting, a large majority of the shareholders in PNE WIND AG (ISIN DE000A0JBPG2) again approved the distribution of a dividend amounting to EUR 0.04 for each eligible par value share. The shareholders thus approved the proposal made by the Board of Directors and the Supervisory Board.

PNE WIND AGs balance sheet profit (HGB accounting) (German Commercial Code accounting) which was decisive for the payment of the dividend amounted to about EUR 2.5 million in the last financial year, i.e. 2011. At the current level of 45,777,960 eligible par value shares, a dividend of about EUR 1.8 million is being distributed while the remaining profit of about EUR 0.7 will be carried forward as proposed by the Board of Directors and the Supervisory Board.

"Our shareholders form the basis of our company's success. We are therefore delighted to be able share this positive business development with our shareholders again this year" said Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG. "In the past financial year we have taken important steps - especially in the offshore sector - which will provide us with additional growth potential for the future", continued Billhardt.

Supervisory Board members were also re-elected with a considerable majority. The Chairman, Dieter K. Kuprian, Dr. Peter Fischer and Professor Dr. Reza Abhari have now been re-elected to office for a further five years. Their mandates would only have expired in the coming year. These re-elections were held early in order to support the company's development by assuring the continuity of its personnel.

In addition, the shareholders meeting also passed resolutions discharging the Board of Directors and the Supervisory Board by majorities of over 96% each.

PNE AG

With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has constructed 98 wind farms with 568 wind energy plants and a total nominal output of 814 MW.

In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in Hungary, Bulgaria, Turkey, Great Britain, Rumania, USA and Canada. In these countries wind farm projects with a nominal output of up to 2,100 MW are being developed and are to be completed in the medium term. In Germany (onshore), wind farm projects with over 1,100 MW of nominal output are currently being developed.

In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. An entry into promising foreign markets is also being examined with regard to the offshore sector.

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