DGAP-News

Phoenix Solar Aktiengesellschaft expands its international business in the third quarter - Seite 3

Officer Dr. Andreas Hänel´s comment on development of business over the
remainder of the year. ´We are pleased that, by the end of the third
quarter, we had already achieved a 21.2 percent share of revenues from
international business, exceeding our 2010 target of 20 percent.´

The Quarterly Report as per 30 September 2010 is being released today, 10
November 2010, and can be downloaded from the company´s website at
www.phoenixsolar.com under the heading Investor Relations, Financial
Reports.

This is an English translation of the German original. Only the German
version is binding.

About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic system integrator. With total revenues
of EUR 473 million, the Group achieved an EBIT of EUR 12.2 million in the
financial year 2009. The company develops, plans, builds and takes over the
operation of large-scale photovoltaic plants and is a specialist wholesaler
for complete power plants, solar modules and accessories. The Group is a
leader in photovoltaic system technology. It focuses on the consistent
lowering of system costs. With a sales network throughout Germany, and
subsidiaries in Spain, Italy, Greece, France, Singapore, Malaysia, Oman,
Australia and the United States of America, the Group currently has a
workforce of more than 350 employees. The shares of Phoenix Solar AG (ISIN
DE000A0BVU93) are listed on the official market (Prime Standard) of the
Frankfurt Stock Exchange and on the German TecDAX, Deutsche Börse AG´s
technology index.

Disclaimer
The content of this press release is solely for information purposes and is
not intended to constitute a recommendation for investment or a
solicitation to subscribe or an offer to buy or sell securities of the
company. Phoenix Solar AG shall undertake no liability whatsoever for any
loss in connection with this press release or the information made
available. This also applies particularly to any eventual loss in
connection with the shares of Phoenix Solar AG.

This document contains forward-looking statements on future developments
which are based on management´s current assessment. Words such as
´anticipate´, ´assume´, ´believe´, ´estimate´, ´expect´, ´intend´,
´can/could´, ´plan´, ´project´, ´forecast´, ´should´, and similar terms are
indicative of such forward-looking statements. Such statements are subject
to certain risks and uncertainties which are mainly outside the sphere of
influence of Phoenix Solar AG, but which have an impact on the business
activities, the success, the business strategy and the results. These risks
and factors of uncertainty include, for instance, climatic change, changes