Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Key word(s): Insolvency/Change of Personnel 29.01.2015 19:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc-News on Jan 29, 2015 Solar-Fabrik AG (ISIN: DE0006614712) has decided to file for insolvency in self administration. The same application will also be prepared for Solar-Fabrik Wismar GmbH. The goal of the self administration is a restructuring of Solar-Fabrik AG and Solar-Fabrik Wismar GmbH. The other companies of Solar-Fabrik Group are not impacted. The applications will be filed with the Local Court of Freiburg on Feb 02, 2015. Solar-Fabrik AG has been impacted by low market demand combined with the corresponding price pressure since the fourth quarter 2014. The company estimates that this situation is likely to continue over the next couple of months, generating additional cost pressure. Solar-Fabrik AG wants to use the instrument of insolvency in self administration for best possible results in restructuring while the company does not suffer from overindebtedness and is not insolvent. Solar-Fabrik introduced short time work schedules due to the weak market in November 2014. With the prolongation of this situation the company anticipates a further erosion of its cash reserves and potentially an insolvency situation due a shortage of liquidity (drohende Zahlungsunfähgigkeit) could occur in the course of the 2nd quarter 2015. Facing this outlook the Management Board decided today, with the approval of the Supervisory Board, to prepare and file for insolvency in self administration and therefore implement necessary restructuring actions as early as possible. The Supervisory Board has also approved Thomas Oberle as an additional Member of the Management Board of Solar-Fabrik AG, contingent upon i) either interim insolvency measures pursuant to Section 21 of the Insolvency Act or ii) the opening of the insolvency proceedings by the Local Court of Freiburg. Thomas Oberle brings with him specific experience in restructuring in self administration, supporting the current management team in this particular situation. For further information: Investor Relations Tel.: +49-761-4000-100, Fax: +49-761-4000-199 29.01.2015 The DGAP 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: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten Munzinger Str. 10 79111 Freiburg Germany Phone: +49 (0)761 - 4000-0 Fax: +49 (0)761 - 4000-199 E-mail: [email protected] Internet: www.solar-fabrik.de ISIN: DE0006614712 WKN: 661471 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------