ENCAVIS AG

M&A Activity • Jul 16, 2015

News Details

Corporate | 16 July 2015 11:09

Capital Stage AG acquires another British solar park

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

2015-07-16 / 11:09

---

Hamburg, 16 July 2015 - Capital Stage, the SDAX-listed solar and wind park
operator based in Hamburg, has today acquired another British solar park
with a generation capacity of around 5 MWp from F&S solar concept (F&S), a
project developer based in Euskirchen, Germany. Capital Stage purchased its
first PV installation in Britain from F&S already in April 2015. The
current acquisition underlines the close cooperation between the two
companies, especially on the British solar market. F&S has an additional
project pipeline of about 50 MWp in the UK.

The solar park acquired by Capital Stage is located in the south-west of
England. It is planned to enter operation in August 2015. The park will
profit from a guaranteed feed-in tariff for smaller PV installations in the
UK for a period of 20 years from the start of operation. Currently the
guaranteed feed-in tariff for the site amounts to GBP 0.1101/kWh, which is
linked to the consumer price index.

Two years after the solar park commences operation, the technical
management will be transferred to Capital Stage Solar Service GmbH, a
wholly owned subsidiary of Capital Stage AG. Capital Stage will become
responsible for commercial operation right from the start of operations.
Capital Stage expects the park to make revenue contributions of
approximately GBP 500 thousand (approx. EUR 700 thousand) from its first
year of full operation onwards.

The solar park will initially be acquired on an all-equity basis. It is
later planned to be refinanced by means of classic project financing
arrangements. A corresponding framework agreement has already been signed
with the German BayernLB.

The investment in the British solar park forms part of the strategic
partnership with the Gothaer Insurance Group signed in November 2014.

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 more than 480 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

---

2015-07-16 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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

378631 2015-07-16