SFC Energy AG — Share Issue/Capital Change 2007

May 25, 2007

News Details

Ad-hoc | 25 May 2007 00:11

SFC Smart Fuel Cell AG sets offer price, offer volume and subscription

SFC Smart Fuel Cell AG / Capital Increase

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Not for distribution in the US, Canada, Australia and Japan

Munich, 24 May 2007 – SFC Smart Fuel Cell AG (ISIN: DE0007568578) (the
'Company') and the selling shareholders, together with Citigroup Global
Markets Limited, London, as Sole Global Coordinator, Sole Bookrunner and
Joint Lead Manager and Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf
Aktien, Cologne, as Joint Lead Manager, have set the offer price at € 37
per share. A total of 2,395,275 shares were placed under the purchase
offer. Of these shares, a total of 1,317,990 shares stem from the capital
increase from authorised capital in exchange for cash contributions
resolved upon by the Company’s management board with the approval of its
supervisory board on May 10 and 23, 2007, 726,073 shares from the holdings
of the selling shareholders and additional 351,212 shares from the holdings
of the selling shareholders made available for potential over-allotments.
As a result, the offer volume amounts to around € 89. The Company expects
to generate gross proceeds from the 1,317,990 shares out of the capital
increase in the amount of around € 49. The free float of the Company’s
shares will amount to approximately 29% (approximately 34% assuming the
greenshoe option is fully exercised).

Trading in the shares offered under the purchase offer is expected to begin
on May 25, 2007 on the Frankfurt Stock Exchange (Prime Standard).

The subscription price for up to 1,615,927 new shares offered to
shareholders of the Company in the ongoing subscription offer, of which up
to 1,317,990 new shares were included in the purchase offer, was also set
at € 37 and therefore equals the offer price fixed for the purchase offer.
Shareholders who wish to exercise their subscription rights may continue to
do so until 1 June 2007 (inclusive).

Contact

SFC Smart Fuel Cell AG

Barbara v. Frankenberg

Phone: +49 (89) 673 592 - 378

Fax: +49 (89) 673 592 - 368

E-mail: barbara.frankenberg@sfc.com

This announcement does not constitute an offer to sell or the solicitation
of an offer to purchase the shares of SFC Smart Fuel Cell AG. The shares
offered in connection with the initial public offering have already been
placed. The offer was made exclusively on the basis of the German-language
securities prospectus published by the Company, copies of which are
available at the Company’s offices and the offices of the Joint Lead
Managers during regular business hours.

This announcement is not an offer of securities for sale in the United
States of America. Securities may not be offered or sold in the United
States of America absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States of America will be made by means
of a prospectus that may be obtained from SFC Smart Fuel Cell AG and will
contain detailed information about the Company and management, as well as
financial statements. SFC Smart Fuel Cell AG does not intend to register
any of its shares in the United States of America.

This announcement is directed at and/or for distribution in the United
Kingdom only to (i) persons who have professional experience in matters
relating to investments falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
'Order') or (ii) high net worth entities falling within article 49(2)(a) to
(d) of the Order (all such persons being together referred to as 'relevant
persons'). This announcement is directed only at relevant persons. Any
person who is not a relevant person should not act or rely on this
announcement or any of its contents. Any investment or investment activity
to which this announcement relates is available only to relevant persons
and will be engaged in only with relevant persons.

DGAP 25.05.2007

Language: English
Issuer: SFC Smart Fuel Cell AG
Eugen-Saenger-Ring 17
85649 Brunnthal Deutschland
Phone: +49 (89) 673 592 - 100
Fax: +49 (89) 673 592 - 169
E-mail: info@sfc.com
www: www.sfc.com
ISIN: DE0007568578
WKN: 756857
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt

End of News DGAP News-Service

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