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DJ DGAP-Adhoc: Conergy AG:Conergy AG finalises details of capital increase

Conergy AG / Capital Increase 

14.11.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 14 November 2008: The Management and Supervisory Boards of the
Hamburg based solar energy company have specified the targeted gross
proceeds from the capital increase, which was approved by the shareholders'
meeting on 28 August 2008 at EUR 399,300,000.00, and set the subscription
price for the new shares at EUR 1.10 per new no-par value share. On the basis
of the set subscription price, there are a total of 363,000,000 new shares
to be issued. This means that the company's share capital will be increased
from EUR 35,088,928 by EUR 363,000,000 to EUR 398,088,928, against cash
contribution, by issuing 363,000,000 new no-par value ordinary bearer
shares each representing a notional amount of EUR 1.00 of the share capital.
The new shares will carry dividend rights as of 1 January 2008. 

The 363,000,000 new shares are underwritten by Credit Suisse Securities
(Europe) Limited, London, and Dresdner Bank Aktiengesellschaft, Frankfurt
am Main, with the obligation to offer them to the existing shareholders for
subscription by way of indirect subscription rights at a ratio of 1:10,
with a fractional amount of 12,110,720 new shares, for which the
shareholders' subscription rights have been excluded. In accordance with
the subscription ratio of 1:10, it will be possible to buy ten new shares
for each old share in the company at the subscription price of EUR 1.10 for
each new share. The subscription period for the new shares will begin
shortly, subject to approval by the German Federal Financial Supervisory
Authority (BaFin) of the company's securities prospectus to be published in
connection with the subscription offer, which is expected on 14 November
2008, and subject to the publication of the subscription offer. 

In connection with the offer of the 363,000,000 new shares, there will be
stock market trading of the subscription rights. Further details of the
execution of the increase in capital will be announced in the context of
the subscription offer soon to appear in the electronic Bundesanzeiger and
in the Frankfurter Allgemeine Zeitung. 

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Disclaimer:
This notification represents neither a prospectus nor an offer or an
invitation to buy shares or other securities of Conergy AG, and does not
take the place of the prospectus.  Subject to approval by the German
Federal Financial Supervisory Authority [Bundesanstalt für
Finanzdienstleistungsaufsicht], a prospectus will be published which will
be available free of charge from Conergy AG, Anckelmannsplatz 1, D-20537
Hamburg, from Credit Suisse Securities (Europe) Limited, Junghofstraße 16,
D-60311 Frankfurt am Main, from Dresdner Kleinwort, Theodor-Heuss-Allee
44-46, D-60486 Frankfurt am Main, from the Payment and Registration Office
[Zahl- und Anmeldestelle] Commerzbank AG, Mainzer Landstraße 153, D-60327
Frankfurt am Main, and from the domestic branches of Dresdner Bank
Aktiengesellschaft. The shares will be offered exclusively on the basis of
the prospectus to be approved by the German Federal Financial Supervisory
Authority [Bundesanstalt für Finanzdienstleistungsaufsicht]. 

This notification is not an offer of securities for sale in the United
States of America. Securities may not be offered or sold in the United
States of America absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended (the 'Securities Act').
Any public offering of securities to be made in the United States of
America will be made by means of a prospectus that may be obtained from
Conergy AG and that will contain detailed information about the company and
management, as well as financial statements. Conergy AG does not intend to
register any part of the offering in the United States. 

The information contained in this notification is not for publication or
distribution in or into the United States of America, Canada, Australia or
Japan and does not constitute an offer of securities for sale in the United
States of America, Canada, Australia or Japan. 

Conergy AG
Christoph Marx
Investor Relations
040 27 142 1634 

14.11.2008  Financial News transmitted by DGAP 

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Language:     English
Issuer:       Conergy AG
              Anckelmannsplatz 1
              20537 Hamburg
              Deutschland
Phone:        +49 (0)40 27 142-1000
Fax:          +49 (0)40 27 142-1100
E-mail:       info@conergy.de
Internet:     www.conergy.de
ISIN:         DE0006040025
WKN:          604002
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart 

End of News                                     DGAP News-Service 

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(END) Dow Jones Newswires

November 14, 2008 07:30 ET (12:30 GMT)