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Regulatory Filings • Dec 9, 2008

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Corporate | 9 December 2008 08:26

COLEXON Energy AG: COLEXON and Masdar PV enter a strategic partnership for the delivery of thin film modules

COLEXON Energy AG / Agreement/Product Launch

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• Agreement for the delivery of more than 150 MWp modules until 2013
• COLEXON introduces innovative thin film modules to the European market
• Masdar PV modules provide cost- and technology advantages

Hamburg, December 09, 2008 – COLEXON Energy AG, one of the leading
developers of thin film PV power plants, and Masdar PV GmbH, a producer of
innovative thin film modules, have entered a long-term strategic
partnership. The agreement runs until 2013 and covers a total volume of
more than 150 MWp solar modules. The modules are fabricated with a highly
advanced, thin film silicon-based technology and offer investors a higher
degree of efficiency and a more attractive cost-performance ratio. COLEXON
is the first company to sign such an agreement with Masdar PV and therefore
takes the lead in introducing these innovative solar modules to the
European market.

Masdar PV is a 100 percent subsidiary of the Abu Dhabi Future Energy
Company. In line with the Masdar-Initiative, the company will invest
approx. 600 million US-Dollars in the foundation of two factories. The
first production site will start with operations in the third quarter 2009
in Erfurt, Germany. The second factory will go on line in the second
quarter 2010. Together both production sites will initially reach a total
production capacity of 210 MWp per year.

COLEXON has a close relationship with Masdar since the foundation of the
Masdar-Initiative. Dr. Rainer Gegenwart, CEO of Masdar PV GmbH, is the
former head of the department VP Technology of COLEXON and is one of the
leading experts in thin film technology. Joachim Nell, COO of Master PV
GmbH, is the former vice-president of the solar distribution sector of
Applied Materials and has gained profound experience in the production
process. With the financial support of the Abu Dhabi Future Energy Company
the team of Masdar PV develops in an external cooperation with the
Helmholtz Center Berlin (HBZ) and the renowned scientist Prof. Dr. Bernd
Rech a new generation of highly innovative and efficient thin film modules.
They provide considerable cost- and technology advantages and are an
attractive investment alternative for yield oriented investors.

In line with the recently announced plans to merge with the Danish Renewagy
A/S the strategic cooperation with Masdar PV is another important step to
strengthen the dynamic growth of COLEXON and to foster its sustainable
business development.

Thorsten Preugschas, CEO of COLEXON Energy AG, is looking forward to the
cooperation: 'With the innovative thin film modules of Masdar we further
strengthen our market position in this segment.' Mr. Preugschas adds: 'The
involvement of the Abu Dhabi Future Energy Company gives Masdar a solid and
strong financial basis. We are happy to have gained a dependable and
technologically highly advanced business partner.'

Dr. Rainer Gegenwart, CEO of Masdar PV, has also high expectations
regarding the strategic alliance: 'As project developer of large thin film
PV power plants COLEXON has already acquired a leading market position in
Germany and abroad. We are convinced, that the recently announced merger
with Renewagy A/S, a well established operater of PV power plants, will
additionally strengthen COLEXON’s international market presence. With this
partnership we are able to successfully set up and accelerate our market
entry.'

About COLEXON Energy AG
The international COLEXON group is one of the leading
manufacturer-independent system integrators in the photovoltaic sector. The
company designs and installs turnkey photovoltaic plants for institutional
and private investors in Germany and abroad. COLEXON is specialized in the
realization of return optimized and large scale photovoltaic projects.
COLEXON Energy AG is listed in the Prime Standard at the German Stock
Exchange in Frankfurt.

About Masdar PV
Masdar PV GmbH is a leading global developer of advanced thin-film
photovoltaic products and solutions. It aims to become a top-3 global
thin-film PV company by 2013, starting with 210 MWp of production at plants
in Germany and Abu Dhabi, UAE. Masdar PV GmbH is a 100 % subsidiary of Abu
Dhabi Future Energy Company (ADFEC), and is part of the Masdar Initiative,
Abu Dhabi’s multi-faceted, multi-billion dollar investment in the
development and commercialization of innovative technologies in renewable
energy and sustainability. ADFEC is wholly owned by the government of Abu
Dhabi through the Mubadala Development Company. In January 2008, Abu Dhabi
announced it will invest USD15 billion in Masdar, the largest single
government investment of its kind.

Contact:
COLEXON Energy AG
Jan Hutterer
Email: hutterer@colexon.de
Tel: +49 40 280031-0
Fax: +49 40 280031-101

09.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49(0)40 280031-0
Fax: +49(0)40 280031-101
E-mail: hutterer@colexon.de
Internet: www.colexon.de
ISIN: DE0005250708
WKN: 525070
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf

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