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  • SMA Solar Technology AG
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Jürgen Dolle Resigning from SMA Managing Board Due to Health Reasons

(PresseBox) (Niestetal, ) Jürgen Dolle, Chief Human Resources & Operations Officer of SMA Solar Technology AG (SMA), who has been ill since November 2012, is resigning from his position with SMA effective May 15, 2013 due to health reasons. Dolle's duties will be taken on by other SMA Managing Board members. Lydia Sommer, Chief Financial, Legal & Compliance Officer, will assume responsibility for Human Resources and the position of Labor Director, and Chief Executive Officer Pierre-Pascal Urbon will be responsible for Operations.

"Jürgen Dolle has played a profound role in shaping SMA and has handled the challenges in phases of rapid growth with forward-looking concepts," said Günther Cramer, Chairman of the Supervisory Board, responding to Jürgen Dolle's resignation. Above all, however, Jürgen Dolle stands for the prize-winning corporate culture of SMA, which is based on values like cooperation, trust and participation. "With his remarkable dedication, his contribution has been crucial to SMA being repeatedly honored as one of the best employers and in ensuring that employees participate in the company's success with their hearts, minds, and their wallets," Cramer said. "He was instrumental in initiating the corporate philosophy and has wholeheartedly represented and practiced our values. I deeply regret that Jürgen Dolle is ending his work with SMA for health reasons and, on behalf of the Supervisory Board, would like to thank him for his many impressive achievements and his work on the Managing Board."

When he joined SMA in 2001, Dolle served as Vice President of Human Resources. There he designed new models for personnel development, among other things, and anchored the special corporate culture throughout the company. In April 2010, he was appointed to the SMA Managing Board, where he was initially responsible for Human Resources and later was given the added responsibility for Operations.

Disclaimer:

This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

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SMA Solar Technology AG

The SMA Group generated sales of €1.5 billion in 2012 and is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented internationally in 21 countries. The Group employs more than 5,000 people worldwide. SMA's broad product portfolio includes a compatible inverter for every type of module on the market and for all plant sizes. The product range includes both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. SMA is therefore able to provide ideal technical inverter solutions for all plant sizes and types. Since 2008, the Group's parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for excellence as an employer and achieved first place in the nationwide "Great Place to Work®" competition in 2011 and 2012.