DGAP-News: CHORUS Clean Energy AG / Key word(s): Dividend CHORUS Clean Energy AG intends to pay a tax-free dividend 11.05.2016 / 08:39 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PRESS RELEASE CHORUS Clean Energy AG intends to pay a tax-free dividend - Payout ratio amounts to around 45 per cent of the adjusted consolidated net annual profit - CHORUS shareholders can earn dividend of 18 cent without any taxes - Annual General Meeting will be held on June 22, 2016 in Munich - Attractive dividend policy will be continued Neubiberg/Munich, May 11, 2016 - CHORUS Clean Energy AG ("CHORUS"), a specialized operator of solar and wind parks, headquartered in Neubiberg near Munich, proposes a dividend of 18 cent per share to the Annual General Meeting on June 22, 2016. On the basis of around 27.7 million no par value share this is equivalent to a dividend payment of around EUR 5.0 million in total and a payout ratio of around 45 per cent of the adjusted consolidated net annual profit. The Management Board of CHORUS expects that the shareholders can earn the dividend without any deductions due to taxes for capital gains and solidarity surcharge. Taxable income from capital assets wouldn't be charged either. The reason for this is that the dividend will be paid completely from the proprietary account according to paragraph 27 of the German corporate income tax act (Körperschaftssteuergesetz). However, there is no possibility to either charge the tax or refund the tax regarding the dividend. "We are delighted that we already have positive news for our shareholders on the occasion of our first Annual General Meeting. In the upcoming weeks we will be able to announce additional acquisitions. For the future we strive to proceed with our attractive dividend policy and intend to increase our payout ratio to more than 50 per cent", says Holger Götze, CEO of CHORUS Clean Energy AG. The invitation to the Annual General Meeting of CHORUS Clean Energy AG on June 22, 2016 is published on the website of the company under the following link: http://www.chorus.de/investor-relations/hauptversammlung/ About CHORUS CHORUS Group was founded in 1998 and operates 75 solar and wind parks with a capacity of more than 325 megawatts in five European countries. With a broadly diversified portfolio, the company generates stable, predictable, and sustainable returns. For professional investors, CHORUS offers investment opportunities in renewable energy plants. CHORUS Clean Energy AG covers the entire investment cycle - from asset sourcing through financial and legal due diligence and monitoring up to divestiture. Contact Us: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel. +49-89-442-3060-0 Fax +49-89-442-3060-11 E-mail [email protected] --------------------------------------------------------------------------- 11.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: [email protected] Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 462343 11.05.2016