Summary of the Results
of the Ordinary Shareholders' Meeting of Solarvalue AG
on 27th April 2007 in Berlin
 
Represented capital stock:
At the time of voting, 68.84 percent of the capital stock or 578,217 shares, respectively, (corresponds to 578,217 votes) of the total capital stock amounting to 840,000 shares (corresponds to 840,000 votes) were represented.
 
Voting results:
 
Item 1:
Submission of the adopted annual accounts and management report as of 31st December 2006 of Solarvalue AG as well as of the supervisory board’s annual report on the financial year 2006
 
No voting required
 
Item 2:
Discharge of the board of management
 
Represented: 578,217 shares or 578,217 votes,
respectively, 8,243 of which were held
by the board of management
Yes votes: 569,217 (99.867 percent) of 569,974 voting shares
Abstentions: none
No votes: 757 (0.133 percent)
 
Item 3:
Discharge of the supervisory board
 
Represented: 578,217 shares or 578,217 votes,
respectively, 435,449 of which were held
by the supervisory board
Yes votes: 142,511 (99.820 percent) of 142,768 voting shares
Abstentions: none
No votes: 257 (0.180 percent)
 
Item 4:
Election of a supervisory board member
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Item 5:
Compensation of the supervisory board
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Item 6:
Election of the auditor
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Item 7:
Creation of a new Approved Capital 2007/I and amendment to the articles of association
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,940 (99.952 percent) of 578,217 voting shares
Abstentions: none
No votes: 277 (0.048 percent)
 
Item 8:
Creation of a new Approved Capital 2007/II and amendment to the articles of association
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 568,138 (99.241 percent) of 578,217 voting shares
Abstentions: 5,732
No votes: 4,347 (0.759 percent)
 
Item 9:
Authorisation to issue convertible bonds and/or optional bonds and creation of an Authorized but unissued Capital and amendment to the articles of association
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,940 (99.952 percent) of 578,217 voting shares
Abstentions: none
No votes: 277 (0.048 percent)
 
Item 10:
Acquisition of own shares
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,940 (99.952 percent) of 578,217 voting shares
Abstentions: none
No votes: 277 (0.048 percent)
 
Item 11:
Capital increase against cash contribution
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Item 12:
Adaptation of the articles of association to the German Act Regarding Integrity of Companies and Modernisation of Stock Corporation Law (UMAG)
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Item 13:
Other amendments to the articles of association
 
Represented: 578,217 shares or 578,217 votes, respectively
Yes votes: 577,960 (99.956 percent) of 578,217 voting shares
Abstentions: none
No votes: 257 (0.044 percent)
 
Opposition was made to items 2 through to 13 on the agenda.