DGAP-News

CHORUS Clean Energy with a successful stock market debut

DGAP-News: CHORUS Clean Energy AG / Key word(s): IPO
CHORUS Clean Energy with a successful stock market debut

07.10.2015 / 11:10

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PRESS RELEASE

CHORUS Clean Energy with a successful stock market debut

Neubiberg/Munich, 7 October 2015 - The shares of CHORUS Clean Energy AG
("CHORUS" or "Company") based in Neubiberg near Munich, a company
specializing in the operation of solar and wind power plants, started
trading today at an initial price of EUR 9.75. The first price on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange
corresponded to the offer price.

"The successful IPO is a milestone in the history of our company. With the
placement of the capital increase of EUR 100 million we fully achieved our
targets. We will invest the proceeds in our growth. For this purpose we
have an extensive pipeline of wind and solar parks with more than 800
megawatts", says Holger Götze, CEO of CHORUS Clean Energy AG.

The Management Board is convinced that the good growth perspectives of
CHORUS in the Asset Management further improved significantly in the last
few days. This is due to numerous further talks in order to substantiate
the investment decisions.

As part of the IPO of CHORUS Clean Energy AG, a total of 12,157,020 shares
including an over-allotment were placed at an offer price of EUR 9.75 per
share. Thereof, 10,256,411 are new shares from a capital increase, 314,911
are existing shares from the holdings of existing shareholders and
additional 1,585,698 shares are from a share loan granted by existing
shareholders in connection with an over-allotment. It will be returned with
new shares from a further capital increase after the expiry of the
stabilisation period and if the greenshoe option granted to the
underwriting banks is exercised. Based on the offer price, the total deal
size of the CHORUS IPO amounts to around EUR 119 million (if the greenshoe
option is fully exercised).

The free float amounts to around 86 per cent provided that the greenshoe
option is fully exercised.

The shares of CHORUS Clean Energy AG are traded on the regulated market
(Prime Standard) of the Frankfurt Stock Exchange from today on under the
ISIN DE000A12UL56 and the German securities identification number (WKN)
A12UL5.

Berenberg supports the IPO as Sole Global Coordinator and acts together
with BHF-BANK as Joint Bookrunner.

About the CHORUS Group
CHORUS Group was founded in 1998 and operates solar and wind parks in five
European countries. To date, 67 solar and wind parks with an output of more
than 250 megawatts have been realized. For institutional investors, CHORUS