7C Solarparken AG

Capital/Financing Update • Apr 18, 2006

News Details

Ad-hoc | 18 April 2006 15:13

Reinecke + Pohl Sun Energy AG discloses details concerning the convertible bonds

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg, April 18 2006: Upon approval of the Supervisory Board, the Executive Board of Reinecke + Pohl Sun Energy AG (ISIN DE0005250708) has decided to arrange the conditions of the convertible bonds as follows: It concerns a subscription right emission of up to 1.55 million shares in the name of the holder and equitable partial debentures among themselves, in a calculated nominal amount of 10,00 EUR each. An indirect subscription right is granted to the shareholders through the VEM Aktienbank AG, Munich. The subscription ratio is 3:1. A trade in subscription rights shall not take place. The subscription period runs from April 21 to May 5 2006. The un-subscribed shares will be placed to institutional investors by May 8 2006. The subscription price amounts to 21,90 EUR per partial debenture with a nominal value of 10,00 EUR, which leans upon a volume-weighted average exchange rate of the past 20 trading days according to Bloomberg. The term begins on May 8 2006 and expires after three years at the end of May 7 2009. As far as the option for conversion from the partial debenture is not exercised nor the partial debenture be prematurely paid back, the partial debentures are then to be paid back at subscription price at the end of the term. The convertible loan – based on the subscription price of EUR 21,90 – will bear an interest rate of 3.5% p.a. Interest payments will be made annually at year’s end respectively at the end of the term. The Company assumes that the earnings per share (EPS) will improve due to the additional company growth after calculation of the additional shares. Further information concerning the Company can be found at www.rpse.de. On April 20 2006, the exact terms of the convertible bonds will be published on this website as well as in “elektronischer Bundesanzeiger” and “Börsen Zeitung”. ————————————————————————— Informationen und Erläuterungen des Emittenten zu dieser Ad-Hoc-Mitteilung: Reinecke + Pohl Sun Energy AG ISIN: DE0005250708 WKN: 525070 Regulated Market (Frankfurt Stock Exchange – General Standard; Düsseldorf Stock Exchange) Xetra (continuous trading) Reinecke + Pohl Sun Energy AG Susanne Kostorz ABC-Strasse 19 20354 Hamburg Tel. +49 (0)40 / 696528-134 Fax: +49 (0)40 / 696528-58 E-Mail: kostorz@rpse.de www.rpse.de (c)DGAP 18.04.2006 ————————————————————————— language: English emitter: Reinecke + Pohl Sun Energy AG ABC-Straße 19 20354 20354 Hamburg Deutschland phone: +49(0)40696528-134 fax: +49(0)40696528-58 email: kostorz@rpse.de WWW: www.rpse.de ISIN: DE0005250708 WKN: 525070 indexes: stockmarkets: Geregelter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, München, Stuttgart End of News DGAP News-Service —————————————————————————