DGAP-Adhoc

Centrosolar Group AG: Sale of Renusol - Focus of CENTROSOLAR on system business in USA

Centrosolar Group AG / Key word(s): Disposal

03.06.2014 12:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, June 3, 2014. CENTROSOLAR Group AG today sold the enitre shares in
its subsidiary Renusol GmbH, Cologne to RBI Solar, Inc., Cincinnati, USA.
After deduction of debts of Renusol and cost of sale an amount of approx.
EUR 2.6 million will be accured to the insolvent estate.

The sale is a consistent step in focusing on the North American solar
market and was already part of the cornerstones of insolvency plan, which
were published on February 27, 2014. CENTROSOLAR shall now be continued
mainly with its subsidiary Centrosolar America, Inc.

Renusol is a leading provider of solar mountig systems for roofs in Europe
with an office also in the USA. RBI Solar is a leading provider for solar
mounting systems with a strong competence mainly in open land installations
in the USA. Thus, both producers perfectly add to each other. They can
exploit synergies together, an advantage which would have been more
difficult to achieve as long as Renusol remained within CENTROSOALR.

The warranties in the share sales agreement could be significantyl reduced
in terms of amount and duration due to the restructuring situation of
CENTROSOLAR. The product guarantees of Renusol remain fully unchanged. It
is intended in the course of the implementation of the insolvency plan to
distribute the sales proceeds to the creditors after deduction of a usual
contribution to the insolvent estate of 15%.


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Information and Explaination of the Issuer to this News:

About CENTROSOLAR Group AG:

The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN
A1TNS1) is a supplier of photovoltaic (PV) systems for roofs. Its product
range comprises solar integrated systems, modules, inverters, mounting
systems and financial solutions for installations. Over two-thirds of
revenue is generated in North America.

Further information is available at www.centrosolar-group.com.

For further information, please contact:

MetaCom GmbH

Georg Biekehör

Tel.: [phone]

email: [e-mail]

03.06.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Centrosolar Group AG
Walter-Gropius-Str. 15
80807 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.centrosolar-group.de
ISIN: DE000A1TNS13, DE000A1E85T1,
WKN: A1TNS1, A1E85T,
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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