Centrosolar Group AG / Key word(s): Restructure of Company 23.10.2013 20:54 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. --------------------------------------------------------------------------- Munich, October 23, 2013. CENTROSOLAR Group AG announces that its two subsidiaries, Centrosolar AG (Hamburg) and Centrosolar Sonnenstromfabrik GmbH (Wismar), have today reached a common understanding with the banks that are financing the working capital on a concept to finance the continuation of the business. A financing agreement to that effect is to be finalized in the next few days. Part of the financing concept is that Centrosolar AG and Centrosolar Sonnenstromfabrik GmbH leave the protective shield proceedings and apply for the appointment of a preliminary insolvency administrator following the regular proceedings in order to provide further comfort to the banks. CENTROSOLAR Group AG will continue to pursue its re-organization by means of protective shield proceedings. --------------------------------------------------------------------------- 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 one of the leading suppliers of photovoltaic (PV) systems for roofs and key components, with over 700 employees in Europe and North America and annual revenue of EUR 189 million (2012) for the continuing operations. Its product range comprises solar integrated systems, modules, inverters and mounting systems. Over two-thirds of revenue is generated internationally. There are CENTROSOLAR branches such countries as Italy, France, Greece, Switzerland, the Netherlands, the UK, Canada and the USA. CENTROSOLAR manufactures modules at a plant in Wismar (Germany). The module production plant certified to DIN ISO 9001:2008 is one of the largest and most efficient such plants in Europe, with an annual capacity of 350 MWp. For more information, visit www.centrosolar-group.com. For further information, please contact: MetaCom GmbH Georg Biekehör Tel.: +49 (0)6181 9828030 email: [email protected] 23.10.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Centrosolar Group AG Walter-Gropius-Str. 15 80807 München Germany Phone: +49 (0)89 20 1800 Fax: +49 (0)89 20 180 555 E-mail: [email protected] 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 ---------------------------------------------------------------------------