DGAP-News

SolarWorld AG Releases Annual Group Report 2013 - Seite 2

we are now operating on a firmer financial footing. On this basis, we will
do everything to return our company to profitability. The start to 2014 has
been a promising one and we are on track," commented Philipp Koecke, Chief
Financial Officer (CFO) of SolarWorld AG.

SolarWorld plans to significantly increase sales and revenue during the
coming years and improve its result through growth in all core markets and
its share in complete solar power solutions. The group's strategy aims to
provide its customers with real added value and assume a leading
technological role internationally. "The takeover of the cell and module
production in Arnstadt two weeks ago emphasizes this strategic approach.
SolarWorld is committed to values such as quality and reliability more than
ever," stated Dr.-Ing. E. h. Frank Asbeck, Chief Executive Officer (CEO).
Based on this, SolarWorld has further developed its brand identity to
differentiate itself better from competitors. With a new international logo
the company will target its customers with the message: "SolarWorld - REAL
VALUE".

SolarWorld AG has also enlarged its Management Board in its quest to better
seize the opportunities presenting themselves on the solar power market in
the future. As of April 1, 2014, Jürgen Stein will be assuming the newly
created position of Chief Product Officer (CPO) and be in charge of product
management and development, quality management, logistics, purchasing and
supply chain management on the group's Management Board. Jürgen Stein (48)
has worked as head of procurement for SolarWorld since 2011, an area in
which the company was able to considerably reduce its costs during 2012 and
2013. "Direct and indirect material costs are an important lever when it
comes to increasing international competitiveness. Headed by Mr. Stein, we
have already achieved a lot in this department. By creating the new
position of Chief Product Officer, we will develop this management task
further strategically. Our aim is to pool our innovative power across the
complete product creation process and to engage our partners in a better
way," commented Frank Asbeck.

In addition to the appointment of Jürgen Stein to the Management Board by
the Supervisory Board of SolarWorld AG, the company today also announced
that it has extended the appointments of Philipp Koecke and Colette
Rückert-Hennen. Philipp Koecke has been the group's Chief Financial Officer
(CFO) since 2003 and Colette Rückert-Hennen has been Chief Information,
Brand and Personnel Officer (CIBPO) since 2013, prior to which she was