SMA Solar Technology AG

AGM Information • May 27, 2010

News Details

Corporate | 27 May 2010 16:05

SMA Solar Technology AG: Annual General Meeting of SMA Solar Technology AG resolves dividend payout of EUR 1.30 per share

SMA Solar Technology AG / AGM/EGM/Dividend

27.05.2010 16:05

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* Discharge granted to the Managing Board and Supervisory Board by a large
majority
* Annual General Meeting elects six Supervisory Board members representing
the shareholders
* Resolution on dividend payout of EUR 1.30 per share
* Constituent meeting of the new twelve-member Supervisory Board held

Niestetal, May 27, 2010 - Today, SMA Solar Technology AG (FWB: S92) held
its Annual General Meeting at Kongress Palais Kassel. The shareholders
granted discharge to SMA's Managing Board and Supervisory Board for the
2009 fiscal year by a large majority and again expressed their great
satisfaction with the work of the management and the control body.

The Annual General Meeting followed the proposal made by the Managing and
Supervisory Boards and resolved to pay out a dividend of EUR 1.30 per
qualifying bearer share. Accordingly, the dividend per share increased
significantly compared to the previous year (EUR 1.00 per share). This
reflects the Company's excellent results in 2009, which are sales of EUR
934 million and operating profit (EBIT) of EUR 228.4 million. The dividend
will be paid out starting from May 28, 2010 by the depository banks. The
dividend payout ratio is 30 percent.

In addition, the Annual General Meeting resolved to expand the Supervisory
Board from six to twelve members and a parity-based composition of the body
with six shareholder representatives and six employee representatives. This
has become necessary in line with statutory provisions as a result of the
higher number of SMA staff. Dr. jur. Erik Ehrentraut, Dr. Winfried
Hoffmann, Prof. Dr.-Ing. Werner Kleinkauf and Reiner Wettlaufer were
reelected as the shareholders' Supervisory Board members. In addition, the
shareholders elected Siegfried L. Drueker and Dr.-Ing. Martin Hoppe-Kilpper
as new Supervisory Board members.

Furthermore, the Annual General Meeting approved the remuneration system
for the Supervisory Board members by a large majority. The remuneration is
determined in accordance with the principles of the German Corporate
Governance Code.

About 600 shareholders attended the 2010 Annual General Meeting of SMA
Solar Technology AG.

The speech held by the CEO at the Annual General Meeting as well as
additional information materials can be downloaded from SMA's website at
www.SMA.de/Hauptversammlung.

After the Annual General Meeting, the constituent meeting of the new
Supervisory Board took place, where the previous Chairman Dr. jur. Erik
Ehrentraut was confirmed in office.

About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the
worldwide market leader for photovoltaic inverters, a key component of all
solar power plants. It is headquartered in Niestetal, near Kassel, Germany,
and is represented on four continents by 13 foreign subsidiaries. The Group
employs a staff of over 4,500 (incl. temporary workers). SMA's product
portfolio includes the most comprehensive range of inverters on the market,
offering a compatible inverter for every type of photovoltaic module and
for all plant sizes. The product range covers both inverters for
photovoltaic plants connected to the grid as well as inverters for off-grid
systems. Since 2008, the Group's parent company SMA Solar Technology AG has
been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and
also in the TecDAX index. In recent years, SMA has received numerous awards
for its excellence as an employer.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Press contact:
Volker Wasgindt
Head of Press Relations and Public Affairs
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de

Julia Damm (Private Investors)
Phone +49 561 9522-11 64

Disclaimer:
This press release serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. 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.
This press release can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.

27.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

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