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Capital/Financing Update • Aug 20, 2015

News Details

Corporate | 20 August 2015 14:49

Capital Stage AG: Capital Stage AG strengthens successful partnership with Deutsche Kreditbank

DGAP-News: Capital Stage AG / Key word(s): Financing

2015-08-20 / 14:49

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Hamburg, 20 August 2015 Capital Stage, the SDAX-listed solar park and wind
farm operator based in Hamburg, Germany, is strengthening its successful
partnership with Deutsche Kreditbank AG, Berlin. Benefiting from the
current low interest rates, Capital Stage has now managed to negotiate very
favourable interest rates on eight loans concerning five solar parks and a
wind park in Germany. In some cases, the rates are considerably below those
previously agreed.

The six german parks had been connected to the grid between 2008 and 2011.
The credit agreements of these parks have now been succesfully refinanced.
The renegotiated interest rates are well below the previous for the solar
and wind parks concerned. The new interest rates apply from 2018 until the
loans have been fully repaid. These refinancing arrangements underscore the
strength of the long-standing partnership with Deutsche Kreditbank, which
finances 16 Capital Stage solar parks and three Capital Stage wind parks in
Germany. Just last year, Capital Stage managed to seal a refinancing
agreement with Deutsche Kreditbank that enables it to enjoy more favourable
terms on a solar park that had previously been financed by another bank. At
the start of 2015, a refinancing agreement was concluded on four solar park
loans that enables Capital Stage to benefit from the current low interest
rates over a long period. In total, Capital Stage and Deutsche Kreditbank
have refinanced loans worth EUR 76 million connected with their
partnership.

'We are delighted that we have been able to set these future interest rates
with our partner Deutsche Kreditbank, thus enabling us to benefit from the
current favourable interest rate climate for a long time to come,' said CFO
Dr Christoph Husmann. 'The professional approach and high degree of
flexibility shown by Deutsche Kreditbank mean a lot to us and give us
additional financial manoeuvrability in this dynamic market.'

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a capacity of about 500 MW, making
it Germany's largest operator of solar parks. Its solar and wind parks
generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse selective index SDAX since
March 2014.

For more information, visit www.capitalstage.com

Contact:
Capital Stage AG
Till Giessmann
Head of Investor & Public Relations
Phone: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
e-mail: till.giessmann@capitalstage.com

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2015-08-20 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart

End of News DGAP News-Service

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