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Share Issue/Capital Change • Jan 7, 2011

News Details

Ad-hoc | 7 January 2011 06:30

NEW VALUE AG: Solar Industries increases its share capital and continues expansion – Matthias Schoft appointed Group COO and CEO of SI Module

NEW VALUE AG / Key word(s): Miscellaneous

07.01.2011 06:30

Release of an ad hoc announcement pursuant to Art. 72 KR

Information on New Value's portfolio company Solar Industries AG

Solar Industries increases its share capital and continues expansion -
Matthias Schoft appointed Group COO and CEO of SI Module

Solar Industries AG (SIAG), a New Value AG (SIX: NEWN) portfolio company,
successfully concluded a capital increase in the amount of CHF 4.6 million
on January 5, 2011 (soft closing). New Value participated with CHF 2
million and now holds 34.6% of SIAG's share capital. The new capital will
be invested in the Group's continuing strategic development and in the
targeted implementation of its expansion plans.
Solar Industries AG, which has already invested in two module-manufacturing
sites in Italy, will produce PV modules for the German and Swiss market by
itself. In December 2010 SIAG established the new subsidiary Solar
Industries Module GmbH (SI Module) located in Freiburg im Breisgau in
Germany for this purpose.

A total of 792,459 new registered shares with a par value of CHF 4.60 each
were subscribed by the company's previous shareholders as well as new
investors at the issue price of CHF 5.80 per share. This raised the
company's share capital from CHF 21,572,068 to CHF 25,217,379. A second
stage of this transaction should take place in the first quarter 2011.

Matthias Schoft (54) was appointed to April 1st CEO of Solar Industries
Module GmbH (SI Module), the new Group subsidiary that was established in
December 2010. In addition to his duties as SI Module's CEO he will assume
the function of COO of Solar Industries AG. As Group COO, one of his main
responsibilities will be initiating module production operations in
Switzerland and ramping up capacity at SIAG's other production sites.
Matthias Schoft has entrepreneurial experience as a founder and successful
manager of his own HVAC and aluminum construction businesses. He was most
recently involved in building up a photovoltaic module production site in
Mediterranean area, where production capacity was gradually increased from
0.8 MWp to 130 MWp during the past eight years (2010 sales: EUR 90
million).

Realization of production facilities in Switzerland by 2012
SIAG is planning to set up its own production site for solar modules in
German-speaking Switzerland by 2012 (total of 150 MWp). Thanks to its
current cooperation with distribution partners in Germany and the
additional sales potential offered by its subsidiary SI Solutions GmbH in
Puchheim, Germany (near Munich), SIAG already has efficient distribution
channels in place. SIAG is aiming to establish itself in the Swiss solar
market as 'the system integrator' offering a complete range of solutions
and playing a key role in future developments.
SI Module has already been producing photovoltaic modules for the German
and Swiss markets in Freiburg im Breisgau (Germany) since the beginning of
2011. This new group subsidiary acquired a photovoltaic module production
line with a nominal capacity of 25 MWp (megawatt peak) from Somont GmbH at
the end of 2010.

Continuing development of industrial investment portfolio
SIAG intends to actively develop the interests it currently holds in
various industrial companies and is expanding its organizational footprint
in Glarus Nord (Niederurnen). SIAG is active in Germany through its sales
and distribution company (SI Solutions GmbH), which offers photovoltaic
systems to installation companies and project developers. In Italy it is
collaborating with MX Group SpA in Milano (minority interest). MX Group
operates production sites for photovoltaic solar modules and also designs
and builds solar parks. MX Group launched a module production site in the
US solar market (New Jersey, USA) in December 2010, where high growth rates
are forecast for the coming years. The investments in the key solar markets
of Italy and Germany serve as a platform for expanding the company's
activities to other markets in Europe and overseas.

Information about Solar Industries AG
Solar Industries AG is pursuing a growth and 'buy & build' strategy along
the value chain for solar module manufacturing and marketing. SIAG invests
in start-up and early-stage companies active in photovoltaics with the
eventual goal of successful integration in a competitive market
environment.
SIAG has already invested in three module-manufacturing sites in Germany
and Italy via Solar Industries Module GmbH and MX Group. Currently these
plants have a production capacity of 145 MWp per year. SIAG has also
established a presence in the PV systems and PV engineering businesses
through its majority interest in SI Solutions GmbH, a subsidiary
headquartered in Puchheim, Germany (near Munich).

Information about New Value AG
New Value, listed at the SIX Swiss Exchange, invests directly in promising
private companies in Switzerland and neighbouring countries with
above-average market and growth potential. As an investment company, New
Value promotes innovative business models with venture capital and
accompanies those to market success. The portfolio covers companies of
different stages of development, starting with the market introduction
phase up to medium-sized enterprises with stable profits. The portfolio
contains companies active in cleantech and healthcare. New Value assigns
great value to ethical business concepts and good corporate governance
while selecting their portfolio companies. Criteria such as meaningfulness,
social responsibility and ecological sustainability are considered by New
Value as decisive competitive advantages, which affect and enhance the
quality of products and services offered and thus, facilitate an above
average increase of value potential. Since the formation of New Value, EPS
Value Plus AG, Zurich, has served as investment manager.

07.01.2011 News transmitted by EquityStory AG.
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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info@newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
Swiss Security Number: 552932
Listed: Freiverkehr in Berlin, Düsseldorf, München,
Stuttgart; Open Market in Frankfurt; SIX

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