PRESS RELEASES

COLEXON sells solar project companies

COLEXON Energy AG — 02/22/2012

Hamburg, February 22, 2012 – Hamburg-based COLEXON Energy AG (WKN 525070, ISIN 0005250708) has sold two further solar project companies as part of the plan to streamline its business activities. COLEXON has sold the Renewagy 1. Solarprojektgesellschaft mbH & Co. KG, with a rooftop installation portfolio in Southern Germany consisting of 55 photovoltaic installations at 29 locations and a nominal output of 4.5 MWp. Buyer is Belgian-based solar power producer 7C Solarparken N.V. headquartered in Mechelen. Both parties have agreed to not to divulge the sale price. Furthermore, COLEXON has sold a photovoltaic installation in Italy with a nominal output of 1 MWp to an Italian energy utility company. Antitrust approval for the transaction is expected in the coming month. Both parties have also agreed not to divulge the sale price. Following these transactions, COLEXON maintains a portfolio of German core projects with a nominal output of 23.2 MWp in total bundled in seven project companies, as well as core projects in Italy with a nominal output of 5 MWp in total, partially bundled in a local joint venture.

COLEXON hones business model due to market weakness in the first half of the year

COLEXON Energy AG — 08/31/2011

International cutbacks in feed-in tariffs are weakening demand Revenue in the first half of the year fell by 48 percent compared to the previous year COLEXON is adapting its business model to the changing conditions Hamburg, August 31, 2011 - Hamburg-based COLEXON Energy AG (WKN 525070, ISIN DE0005250708) has issued its report for the first half of 2011. The Hamburg-based solar company’s business was affected by very weak demand as a result of unscheduled cutbacks and limitations on funding in the photovoltaics industry’s core markets. COLEXON began simplifying internal structures and reducing costs at an early stage to combat this significant cooling of the market environment. The revenue of COLEXON Energy AG almost halved in the first half of 2011 compared to the same period in the previous year, falling from 109.2m EUR to 56.9m EUR. In terms of sales revenue, the wholesale segment reached 35.8m EUR, representing 63 percent of the total revenue. With 13.7m EUR, 24 percent of the revenue was attributed to the projects segment, while revenue generated by the solar power plant operation and service & management segments totaled 6.9m EUR (12 percent) and 0.5m EUR (1 percent) respectively. Earnings before interest and tax (EBIT) indicated a shortfall of 2.0m EUR during the report period, while in the first half of 2010 an EBIT of 8.6m EUR was achieved. COLEXON Energy AG is facing its current challenges with an extensive restructuring process. The restructuring work involves key elements such as considerable downsizing of the organization while retaining core competencies and, fundamentally, a concentration on core markets and asset management for the company’s own PV plants. The aim of the adapted business model is to considerably reduce staff and material costs in order to perceive future opportunities in the solar market. The full half-yearly report 2011 can be downloaded on the company’s website at www.colexon.com in the Investor Relations section.

COLEXON looks back on a successful Intersolar 2011

COLEXON Energy AG — 06/22/2011

Hamburg, June 22, 2011. This year’s Intersolar 2011: Bigger, more international and better attended than ever. Around 77,000 visitors from 156 countries used the three-day event for gathering information from 2,280 exhibitors about current developments in the international solar markets and the latest technology trends. Of course, COLEXON Energy AG was also present. Numerous trade visitors from all over the world took the opportunity to inform themselves at the COLEXON booth about the company’s services and products. In the focus of this year’s presentation for the Hamburg based COLEXON Energy AG was the presentation of the newly developed rooftop system solution: COLEXON FLEX. For the first time in Germany, the photovoltaic experts presented the system solution for roof - parallel PV plants starting from 10 kWp. ”The feedback of the booth visitors towards COLEXON FLEX was remarkably positive,” emphasized CEO Volker Hars. “The TÜV certified PV substructure: “COLEXON SYSTEM C Z”, especially suited for lightweight flat roofs, also convinced many potential customers.“ COLEXON looks back on an overall positive exhibition, despite the also clearly noticeable reluctance of the market players: Promising business contacts could be established especially in the wholesale and the rooftop segment. “Especially in difficult market phases, the industry’s leading exhibition allows us to personally discuss our costumers‘ and business partners‘ uncertainties about the current market situation and to react directly,“ added CEO Hars. The Intersolar Europe again confirmed its reputation as the world’s largest trade fair for the solar sector and set a new record in exhibitors and visitors. Next year’s Intersolar Europe will take place from June 13 to 15, 2012 and will again be a mecca for the solar industry worldwide.

COLEXION Energy AG releases the 1st quarterly report for 2011

COLEXON Energy AG — 05/31/2011

First quarter result weaker than expected Discussion about feed-in tariffs, weather and price development reduce demand Restructuring currently being implemented Hamburg, May 31, 2011 - The Hamburg-based COLEXON Energy AG (WKN 525070, ISIN DE0005250708) has issued its report for the first quarter of 2011. In the photovoltaics industry, the first quarter of 2011 was characterized by very low demand and political discussions on feed-in tariffs in the core markets. Alongside general consumer restraint, the poor weather conditions also meant that the entire European solar market fell short of projected values. Due to the harsh cutbacks in remuneration for energy feeding back from the grid, the German sales market in the first quarter of 2011 also showed up much weaker than the same period in 2010. On March 31, 2011, the turnover of COLEXION totaled 25.4 million EUR, following 45.6 million EUR in the equivalent quarter of 2010. From the sales revenue, the trade sector reached 17.8m EUR, therefore 70 percent of the total revenue. With 5.0 million EUR, 20 percent was attributed to the projects sector, while revenue generated by the solar power plant operation and service & works management totaled 2.0 million (8 percent) and 0.6 million EUR (1 percent) respectively. Altogether, the Hamburg-based companies recorded a loss before interest and taxes (EBIT) of 1.5 million EUR. COLEXION Energy AG has decided to adapt its Group strategy to the new conditions. The restructuring plan drawn up for this purpose is currently being implemented and allows for the Group to reposition itself with a streamlined and cost-effective structure. In future, the focus of the company’s business strategy will be on the fragmented market. COLEXON will concentrate predominantly on trade with solar modules and components as well as selected projects, primarily in the rooftop sector, and project-related services. The introduction of the newly developed kit system COLEXON FLEX represents an important milestone in this process. The system has been developed for roof-top systems and consists of high end components of leading manufacturers. It is available for sale. The full quarterly report can be downloaded on the company’s website at www.colexon.de in the Investor Relations section.

From Hamburg to Capetown

COLEXON Energy AG — 05/16/2011

Hamburg, May 16, 2011. Four months ago, the solar power plant on the roof area of the Green Capital information pavilion sponsored by the COLEXON Energy AG was connected to the grid. Since then the solar modules supply the central information point of the European Green Capital with energy, creating considerable CO2 savings at the same time. The information pavilion, which will act all year long as the central contact point for all the information and events associated with the activities connected to the Green Capital year, has a roof area of 117 m². Since the opening of the pavilion on January 14th the compact solar power station of the Hamburg based COLEXON Energy AG supplies clean energy. Despite the hard and long winter in Hamburg the 24 Sanyo solar modules did a good job. Thus, during its first four months of operation the plant produced so far 1,472 kilowatt-hours. In comparison: This corresponds to the energy consumption of a three-person household in the same period. At the same time 1,398 kg CO2 were saved. This corresponds to the CO2-emissions of a car after around 9,300 kilometers – nearly the distance from Hamburg to Capetown. „As a project sponsor of Green Capital we are very pleased to be able to make our contribution to sensitize humans for the necessity of environmental protection“, affirms Volker Hars, CEO of COLEXON, the commitment of his company.

Flexible and powerful

COLEXON Energy AG — 05/11/2011

Hamburg, May 11, 2011. COLEXON Energy AG, the specialist in the photovoltaic rooftop segment, has developed a high quality roof-top system for roof-parallel photovoltaic plants. COLEXON FLEX combines quality components from the manufacturers First Solar, SMA and Würth and is available now. Every roof makes different requirements on a photovoltaic system. With COLEXON FLEX, the Hamburg-based COLEXON Energy AG has developed an ideal solution for roof-parallel photovoltaic systems from an output of 10 kWp. COLEXON FLEX features an intelligent relay system, provides maximum solar yields and offers excellent value for money. “As a specialist for the photovoltaic rooftop segment, we decided to develop a flexible solution for solar systems that can be perfectly adapted to the requirements of the roof and provide our customers with the maximum cost-effectiveness without any loss of quality”, explains Volker Hars, Chairman of the Management Board at COLEXON Energy AG. COLEXON provides this flexible complete system in five different basic kits with generation outputs between 10.08 kWp and 17.92 kWp. The Hamburg solar experts have selected all components according to the highest quality standards and all the components in each kit are ideally suited to one another. This guarantees the maximum system output for all COLEXON FLEX kits. The kits are offered with the latest First Solar thin film modules from Series 3. The module is secured to the roof with the module rails and clamps from the premium mounting system Würth ZEBRA®. A Sunny Tripower inverter from the award winning SMA series transfers the energy generated into mains current. An added benefit is that, depending on the individual requirements and location conditions, the kits can be easily combined. Thanks to the ideally matched components assembly is extremely easy and, thanks to the choice of corresponding roof connection elements, can be used on almost all pitched roofs. Applications Plant size KITs are available from 10.08 to 17.94 kWp and can be combined flexibly. No maximum size. Plant surface area From approx. 100m², division into 2-3 roofs possible if a single grid connection point is available. Roof pitch & orientation Variable Roof type Virtually all types of roof are suitable when appropriate fixtures are used Max. building height Dependent on local parameters, such as wind zone Snow load zone Up to 2,400 Pascal no modifications are required Wind load Dependent on the connection to the roof substructure Further prerequisite The load bearing capacity of the roof must be determined before installation of the PV system. The PV system's additional load is 18 kg/m2.

COLEXON Energy AG: Restructuring Plan and Adaption of Business Model

COLEXON Energy AG — 04/14/2011

Hamburg, 14. April 2011 COLEXON Energy AG adapts its business model to the changes of the market conditions. Due to legal changes in the photovoltaic markets Italy, France and Great Britain COLEXON will focus less on large scale projects than previously. In the future the main focus will be on the business segments wholesale and project related value adding services. With the intended restructuring plan COLEXON aims for a financially stable position in order to take part in the growth of the Renewable Energy Sector. The framework conditions of COLEXONs most important foreign European Markets (Italy, France and Great Britain) have deteriorated severely. In these countries COLEXON had access to a project pipeline of approx. 50 MWp which now cannot be executed as originally planned due to extraordinary reductions of the feed - in - tariffs for bigger photovoltaic power plants. Therefore, COLEXON has initiated a restructuring process in order to adapt the business model of the company to the new market conditions. The project business of the group which mainly focused on large scale PV projects in the past will be cut back. Furthermore a partial sale of the solar power plants in own operations is planned; in order to enhance the financial structure of the association. The adapted business model requires much less personnel. The Executive Board will carry out the staff reduction socially responsible. COLEXON intends to focus on the distribution of solar modules and components as well as on selected projects, primarily in the roof top segment. In this field the association has excellent knowledge a long-year experience and a well established distribution network. The share of Renewable Energies in the total Energy Mix will grow tremendously in the long term; not only in Germany but also in other European countries. This is based on the shortage of fossil resources, the expected cutback of nuclear energy and the increasing cost efficiency of renewables. The future business model shall be characterized by a considerably lower capital intensity and shall enable COLEXON to participate in the growth of Renewable Energies.

COLEXON Energy AG: Management Team complete

COLEXON Energy AG — 03/07/2011

Hamburg, March 7, 2011. The supervisory board of the COLEXON Energy AG has completed the reorganization of the management team. Rolando Gennari takes over as the new CFO with immediate effect. With the appointment of Dr. Rolando Gennari the association gains international expertise for the further expansion in the European photovoltaic market. "Our main task in the next months will be to continue to position COLEXON for the dynamic change in the solar market", states Volker Hars. "The core focus lies on potential effects of the change in the feed in tariff in Italy, France and the United Kingdom", continues the CEO. Volker Hars, CEO COLEXON Energy AG Volker Hars (46) has completed his studies with a degree in business administration and has many years of senior management experience in internationally operating companies. He had been CFO of the listed Lynas Cooperation in Austalia and of Cleanaway Deutschland AG & Co. KG. Moreover, he has held various financial and marketing positions at Cadbury Schweppes in Germany and abroad for more than eleven years. He joined the COLEXON management board in February 2010. Dr. Rolando Gennari, CFO COLEXON Energy AG After his studies in finance and economy at the University in Siena (Italy), Dr. Rolando Gennari (51) gained international management experience in the banking-group Banca Nazionale del Lavoro SpA (BNL) in Rome. In 2004 the native Italian joined the management board of HCI Capital AG, where he was responsible for the initial public offering of the association and later on took charge of the financial department. Dr. Gennari is active in the photovoltaic business since 2009. He was a senior advisor for an English client in the structuring of a 60 MWp solar park portfolio according the standard of the Italian Conto Energia and consulted German investors for solar investments in Southern Italy.

COLEXON Energy AG to appoint new CFO

COLEXON Energy AG — 02/28/2011

Hamburg, February 28, 2011. Henrik Christiansen, Chief Financial Officer (CFO) of COLEXON Energy AG, leaves the Hamburg based solar company for to personal reasons. Mr. Christiansen and the Supervisory Board have decided to cancel his board assignment by mutual agreement. Management and Supervisory Board of COLEXON Energy AG thank Henrik Christiansen for the good cooperation over the last two years. Interviews with candidates for the position of the new CFO are currently taking place. Until the appointment of a successor Volker Hars temporarily assumes his field of responsibility. With the replacement of the board position the formation of the new management team of COLEXON Energy AG will be completed.

Successful Market Penetration in Italy

COLEXON Energy AG — 01/04/2011

Hamburg, 04.01.2011. COLEXON Energy AG sold three solar power plants to an Irish investment company at the end of 2010. The sales figure amounts to more than 11.5 million EUR. The orders again emphasize the expertise of the European solar specialist. The sale to an Irish investment company in December 2010 comprises the solar power parks Leo (998 kWp), Corvo (997 kWp), and Valle (997 kWp). The solar power plants were developed and built turnkey by the COLEXON Italia s.r.l., a 100-percent subsidiary of COLEXON Energy AG (WKN 525070, ISIN DE0005250708). The COLEXON engineers installed 13,000 crystalline modules on an area of more than 20,000 square meters. The result convinces economically and ecologically. With an annual peak output of more than 3.8 million kilowatt hours, the solar parks annually save about 3,800 tons of CO2 compared to the emissions of a coal-fired power plant. The sales volume of more than 11.5 million EUR represents the largest order volume for COLEXON in the Italian market to date. Furthermore, COLEXON has realized three solar power plants with a total output of almost three MWp for its own portfolio in cooperation with an Italian partner. Consequently, Italy developed into the most important international market for COLEXON in 2010.COLEXON is planning to realize further plants for its own portfolio as well as for external investors this year.