Nordex SE — Share Issue/Capital Change 2005

May 13, 2005

News Details

Ad-hoc | 13 May 2005 11:20

Nordex reducing debt with non-cash capital increase

Ad hoc announcement §15 WpHG Nordex reducing debt with non-cash capital increase Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Nordex reducing debt with non-cash capital increase Conversion of bank liabilities into equity / share capital increased to EUR 58.8 million. Hamburg, May 13, 2005. With the approval of the Supervisory Board, the Management Board of Nordex AG today passed a resolution to increase the Company’s share capital by EUR 11,973,818 from a current EUR 46,845,000 to EUR 58,818,818 by means of a non-cash capital contribution subject to the exclusion of shareholder subscription rights. The subscribers to the new issue are Dresdner Bank AG, Morgan Stanley Bank International Ltd., HSH Nordbank AG and Bayerische Hypo- und Vereinsbank AG, which are assigning the loan receivables due from the Company valued at a total of EUR 27,899,000 as non- cash capital contributions. The conversion of the bank liabilities into equity will reduce Nordex AG’s net debt significantly. The underlying issue amount has been fixed on the basis of the average price of EUR 1.68 per share for the past five stock market trading days. The shareholders had already consented to the non-cash capital increase as part of the recapitalization measures approved at the annual general meeting on February 21, 2005. Of the capital of EUR 17,500,000 authorized for this purpose, the Management Board of the company has now utilized just on EUR 11.9 million. The non-cash capital increase will take effect upon being entered in the companies register, which is expected to be effected prior to the Company’s next ordinary shareholder meeting convened for June 10, 2005. Thereafter, the new shares should be admitted to trading by the end of June 2005. The non-cash capital increase marks the final step in Nordex’s recapitalization program, which also included a prior capital reduction and a cash capital increase. For more information, please contact: Nordex AG Felix Losada Telephone: +49 40 500 – 100, Telefax: – 333 Nordex AG Bornbarch 2 22848 Norderstedt Deutschland ISIN: DE000A0D6554 WKN: A0D655 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart End of ad hoc announcement (c)DGAP 13.05.2005 131120 Mai 05