SOLON

SOLON SE remains true to its quality strategy and extends the guarantee conditions for solar modules retroactively as of March 1, 2010. The SOLON performance guarantee lays out a five-stage guarantee service over 25 years, instead of the typical two-stage guarantee offered on the market. SOLON thus guarantees an output capacity of 95 percent for the first five years after the purchase of a solar module, 90 percent for ten years, 87 percent for 15 years, 83% for 20 years, and 80% for 25 years.

• Group sales at EUR 354 million
• Earnings before interest and taxes (EBIT) at EUR -195 million
• Net income after extraordinary losses at EUR -276 million
• Positive operating cash flow of EUR 90 million
• Slight decrease in net debt

SOLON SE, Berlin, Germany (ISIN DE0007471195) today presented its preliminary figures for fiscal year 2009.

Stefan Säuberlich is new CEO; Management Board reduced to four members

The Supervisory Board of SOLON SE has appointed Stefan Säuberlich as the new CEO. Thomas Krupke will continue to be available to the company as a consultant. The company is undergoing a far-reaching restructuring process in a market environment that continues to change dynamically. In the view of the Supervisory Board, the associated changes also necessitate a change at the company's highest level of management.

The receipt of an additional EUR34 million represents the complete payment of the outstanding receivables from the projects implemented in Spain in 2008. As a result, operating cash flow has improved further. The payments from Spain further increased available cash and undrawn credit facilities. The company's current liabilities to banks were further reduced slightly and currently stand at approx. EUR180 million.

On the way to the UN climate conference in Copenhagen, the Mayor of Los Angeles, Antonio Villaraigosa paid a visit to his sister city Berlin. At the invitation of Berlin Partner GmbH, he exchanged ideas with high-ranking representatives of the Berlin clean technology industry. The discussion took place in the offices of SOLON SE in Adlershof. SOLON is one of the largest producers of solar modules in Europe as well as a supplier of solar system technology for large-scale rooftop and greenfield installations.

SOLON and GASAG build solar power plant in Berlin-Mariendorf

• Group revenue at EUR218.4 million
• EBIT declines to a loss of EUR87.0 million
• Adjusted net income deteriorates to a net loss of EUR80.4 million
• Positive operating cash flow of EUR30.1 million

Berlin-based SOLON SE is participating in the partner program recently launched by Bayer for the international marketing of innovative, economical, and ecological construction solutions. Under the EcoCommercial Building Program, Bayer acts as an intermediary for innovative partners and their high-tech products developed in collaboration with Bayer. Customized solutions for the construction of energy-optimized commercial and public buildings aim to improve the sustainability of buildings in the future and reduce their energy consumption.

SOLON SE has been selected to build another turnkey, 11 MWp solar power plant in Spain. The contract was awarded by Renewable Energies and Photovoltaics Spain S.L. (REPS), a majority owned subsidiary of the Norwegian energy company Statkraft AS. The solar power plant will be erected in southern Spain, in the Andalucian town of Espejo and will incorporate SOLON Single Axis tracking photovoltaic systems.

SOLON Corporation, the largest crystalline silicon solar manufacturer in the U.S. and a fully owned subsidiary of SOLON SE, today unveiled the SOLON Velocity MWTM Solar System to provide electric utilities a faster, more cost effective way to integrate reliable solar power into clean energy programs. The SOLON Velocity MW Solar System is a first of its kind, providing preconfigured, one megawatt modular solar fields, which can quickly scale to capacity in as fast as four months.