DGAP-Ad hoc: European CleanTech I SE Class A

DGAP-Adhoc: Electrawinds achieves important milestones in the realization of its revised business plan

Electrawinds SE / Schlagwort(e): Verkauf/Vereinbarung

14.10.2013 08:18

Veröffentlichung einer Ad-hoc-Mitteilung nach § 15 WpHG, übermittelt durch die DGAP - ein Unternehmen der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Electrawinds achieves important milestones in the realization of its revised business plan

Luxembourg | 14 October 2013: Electrawinds SE reports on several actions that have been concluded and which are in line with earlier announcements:

) Divestment non-core assets: Electrawinds has sold the wholly-owned subsidiaries Electrawinds Solar NV and Zon aan Zee NV to Inframan NV (the infrastructure joint venture between Gimv and Belfius and manager of the unlisted DG Infra funds) for an enterprise value of EUR19.1m, including earn-outs. Both subsidiaries operate in total 23 solar projects in Flanders (Belgium) with a total capacity of 6.68MWp and generate EUR2.0-2.5m EBITDA per year. Electrawinds will apply the proceeds from this divestment to reduce indebtedness at the holding level and for its ongoing operations.

) Strategic partnership for the 2nd generation biodiesel activities: Electrawinds has co-founded the Joint Venture AD Biodiesel SAS for the sourcing, production and marketing of 2nd generation biodiesel based on waste products (animal fats and used cooking oils). Electrawinds owns 20%, alongside key industry players Sofiproteol/Diester (60%), Akiolis (10%, part of Tessenderlo group) and Mindest (10%). Upon finalization of some formal steps, AD Biodiesel SAS starts operations today. This partnership is expected to bring a positive and stable EBITDA contribution going forward.

) Ongoing cost reduction: In line with the strategic refocus, Electrawinds has well advanced in reducing the cost basis of the DCPM-Segment Development, Construction & Portfolio Management activities).

The Company continues to progress with several potential new cornerstone investors, its main shareholders and providers of subordinated debt to its wholly-owned subsidiary Electrawinds NV in order to significantly reinforce its capital base. More information will be communicated in the course of Q4 2013.

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Electrawinds SE | 40, Avenue Monterey | L-2163 Luxemburg Bert Heyman | investor.relations@electrawinds.eu

ISIN LU0538936351 (Publikums-Aktien) Regulierter Markt, Prime Standard, Frankfurt/Main ISIN LU0538952044 (Publikums-Optionsscheine) Regulierter Markt, General Standard, Frankfurt/Main

Cautionary statement regarding forward-looking statements This press release contains certain forward-looking statements. Any forward-looking statement applies only on the date of this press release. Such statements are based on current expectations and convictions and, by their nature, are subject to a number of known and unknown risks and uncertainties as a result of which the actual results and performance may differ substantially from expected future results or performance expressed or implied in the forward looking statements. The information and views contained in this press release may change without prior notice, and Electrawinds SE has neither the intention nor the obligation to update forward-looking statements in this communication, except insofar as it is obliged to do so by any applicable legislation or by the rules of any stock exchange on which its shares may be traded.

14.10.2013 Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. DGAP-Medienarchive unter www.dgap-medientreff.de und www.dgap.de

--------------------------------------------------------------------------- Sprache: Deutsch Unternehmen: Electrawinds SE 40, Avenue Monterey 2163 Luxemburg Großherzogtum Luxemburg Telefon: +352 27 449878 Fax: +352 27 449879 E-Mail: investor.relations@electrawinds.eu Internet: ewi.electrawinds.eu ISIN: LU0538936351, LU0538952044 WKN: A1C4HF, A1E016 Börsen: Regulierter Markt in Frankfurt (Prime Standard) Ende der Mitteilung DGAP News-Service ---------------------------------------------------------------------------