The placement of Solarvalue AG shares out of the capital approved in 2006
with qualified investors is now closed. Within the scope of a Private Place-
ment, Solarvalue placed a total of 275,000 shares with domestic invest-
ment funds, asset managers and substantial private individuals in recent
weeks. By this means the company has acquired liquid assets of around
EUR 2 million which will largely be used to finance the development of the
planned solar silicon production site in Ruse, Slovenia. This increased cash
flow played a role in the decision not to take a strategic investor on board.
The company currently has a fully paid-up share capital of EUR 840,000,
divided into 840,000 bearer shares. Solarvalue Holding GmbH, represented
by the Managing Director, Dr. Karoly Horvath, remains the majority share-
holder with 58% of the capital stock.
On 1st February 2007 Solarvalue AG will be presenting itself to selected
institutional investors, together with further European representatives of
the solar industry, at the Kepler Equities Alternative Energies Conference in
Paris.
The company plans to undertake a further capital increase (Secondary
Placement) during the first half of 2007.
Solarvalue AG was established in June 2005 by Dr. Karoly Horvath. The
initial purpose of the company is the manufacture of solar grade silicon.
The long-term goal is the development of the entire value chain of an inte-
grated PV enterprise.