DGAP-News: S.A.G. Solarstrom AG initiates search for

DGAP-News: S.A.G. Solarstrom AG / Key word(s): Miscellaneous S.A.G. Solarstrom AG initiates search for investors 13.02.2014 / 15:02 --------------------------------------------------------------------- S.A.G. Solarstrom AG initiates search for investors - Order placed with Roland Berger Strategy Consultants - Development of restructuring plan is on schedule, operative business continues - Opening of insolvency proceedings planned for March 1, 2014 - Financial reports to be published later Freiburg, February 13, 2014. As part of the restructuring process, S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) has instructed the international strategy consultancy Roland Berger Strategy Consultants to organize and support an investor process with regard to a commitment to S.A.G. Solarstrom AG on a national and international basis. The order was placed in agreement with the temporary trustee Dr. Jörg Nerlich from the lawyers' offices of Görg, Cologne, as well as the temporary creditor committee, after several experienced specialists had been assessed. As part of the self-administered insolvency proceedings, the company's Executive Board is currently developing a concept to restructure the Group, in coordination with the temporary trustee and the temporary creditor committee, to ensure the long-term future of the company. First results are expected to be presented when the insolvency proceedings open at the beginning of March this year. Meanwhile, operative business continues, although new business in plant construction is restricted. Due to the focus on the development of the restructuring concept, both the annual financial statement and the consolidated financial statement for fiscal year 2013, as well as the subsequent interim financial reports in fiscal year 2014 will not be published by the specified deadlines. Together with the temporary trustee, the Executive Board is examining a variety of options as part of the restructuring plan. 'The course of action so far has been proceeding as planned and is altogether characterized by very constructive cooperation between the Executive Board and the temporary creditor committee', says the temporary trustee Dr. Jörg Nerlich. 'I thus assume that the restructuring plan can be established with the agreement of all those involved'. 'Our common goal is the continued operation of the company, if possible with its present structure', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. 'Our four pillar business model has basically proven to be successful. However, plant construction requires substantial funding. For an investor, S.A.G. Solarstrom AG's business areas offer attractive options in the long-term'. A key factor in the placement of the order with Roland Berger Strategy Consultants was the company's long-term experience in M&A processes, expertise in the preliminary work on insolvency plans as well as experience in all relevant photovoltaic growth markets, in particular in Asia. Further details on the restructuring plan are expected to be communicated at the beginning of March when the insolvency proceedings open. Due to its focus on the restructuring process, S.A.G. Solarstrom AG will not be able to adhere to the required deadlines for publication of the annual and quarterly results. The annual financial statement and the consolidated financial statement for fiscal year 2013, as well as the subsequent interim financial reports in fiscal year 2014, will therefore be published at a later date. The operative business of S.A.G. Solarstrom AG, S.A.G. Vertriebsgesellschaft mbH and Technik GmbH is currently proceeding without restrictions, apart from the new business in plant construction, under the self-administered insolvency proceedings. About S.A.G. Solarstrom AG S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of photovoltaic plants configured to customers' individual needs. The Group constructs plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its own plants. S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of photovoltaic plants, including forecast and energy services, yield reports, and remote service and maintenance, as well as insurance and financing. The Group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction. S.A.G. Solarstrom AG was founded in 1998. Around 190 specialists work at the four locations in Germany and the foreign subsidiaries. S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock Exchange as well as according to the rules and standards M:access of the Munich Stock Exchange. Further information: www.solarstromag.com Contact: S.A.G. Solarstrom AG Sasbacher Stra�e 5 79111 Freiburg Germany www.solarstromag.com Public Relations / Investor Relations Jutta Lorberg phone: +49-(0)761-4770-311 e-mail: pr@solarstromag.com / ir@solarstromag.com End of Corporate News --------------------------------------------------------------------- 13.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: S.A.G. Solarstrom AG Sasbacher Str. 5 79111 Freiburg Germany Phone: + 49 761 4770 0 Fax: + 49 761 4770 555 E-mail: mail@solarstromag.com Internet: www.solarstromag.com ISIN: DE0007021008, DE000A1E84A4, DE000A1K0K53, WKN: 702100, A1E84A, A1K0K5 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 252546 13.02.2014