DGAP-News

CHORUS Clean Energy AG continues positive business development in the first nine months of 2015

DGAP-News: CHORUS Clean Energy AG / Key word(s): 9-month figures
CHORUS Clean Energy AG continues positive business development in the first
nine months of 2015

30.11.2015 / 08:17
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Results for the third quarter of 2015

CHORUS Clean Energy AG continues positive business development in the first
nine months of 2015

- Group revenues reach EUR 49.0 million

- Operating result EBITDA* amounts to EUR 39.5 million

- Successful growth strategy is being continued

Neubiberg/Munich, November 30, 2015 - CHORUS Clean Energy AG ("CHORUS")
based in Neubiberg near Munich, a company specializing in the operation of
solar and wind power plants (ISIN: DE000A12UL56), confirms the preliminary
figures published October 29, 2015, with today's disclosure of the report
for the third quarter.

CHORUS achieved revenues of EUR 49.0 million in the first nine months of
2015*. The third quarter accounted for EUR 18.1 million thereof. Divided
into segments, the biggest share of the total revenues during the
nine-month period was attributed to the income from electricity generation.
With its own 62 wind and solar parks CHORUS generated revenues of EUR 46.5
million. In the segment Asset Management that is still young but
dynamically growing the company generated total revenues of EUR 2.5
million. The service spectrum in this segment comprises of a wide range of
services for institutional investors. It comprises of asset-sourcing,
transaction processing, asset management of existing plants as well as the
management of a possible exit. According to the client's investment
strategy and investment volume, investments in existing Luxembourg-based
Special Funds can be made or tailor-made portfolios can be built up.

During the first nine months of 2015 the earnings situation showed a
positive development**: The operating result before interest, taxes,
depreciation and amortisation (EBITDA) amounted to EUR 39.5 million. Based
on revenues this resulted in an EBITDA margin of 80.6 per cent. The net
profit reached EUR 12.0 million in total.

As at September 30, 2015 the total equity increased by 8.1 per cent to EUR
133.9 million. In proportion to the balance sheet this represents an
improved equity ratio of 26.9 per cent (December 31, 2014: 24.3 per cent).

The Management Board is absolutely satisfied with the business development
in the reporting period: "Since the initial public offering on October 7,
2015 we won two new institutional customers. For them we will compile an