DGAP-Ad hoc: PNE WIND AG

DGAP-Adhoc: PNE WIND AG: PNE WIND AG is in the final phase of negotiations concerning the sale of a majority stake in a wind farm portfolio

PNE WIND AG / Key word(s): Disposal/Alliance

29.11.2016 18:06

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Public Disclosure of Insider Information Pursuant to Article 17 of the EU Market Abuse Regulation (MAR)

PNE WIND AG is in the final phase of negotiations concerning the sale of a majority stake in a wind farm portfolio

Cuxhaven, November 29, 2016 - PNE WIND AG is in a very advanced stage of negotiations with AREF II Renewables Investment Holding S.á.r.l. concerning the sale of an 80% shareholding in PNE WIND YieldCo Deutschland GmbH. The purchaser, a subsidiary company of the energy- and infrastructure-fund Allianz Renewable Energy Fund II, is managed by Allianz Global Investors GmbH and concluded its fundraising with institutional investors in November 2016. For this purpose, PNE WIND AG and Allianz Global Investors GmbH recently agreed on exclusivity and today filed with the Federal Cartel Authority the application for approval of the transaction necessary within the framework of merger control regulations.

The agreement on the sought sale is to be signed and become binding in the course of the coming 2 - 3 weeks. PNE WIND AG has bundled in PNE WIND YieldCo Deutschland GmbH wind farm projects with a total of 142.5 MW together with an option to purchase a further 9.9 MW from PNE WIND Group. As previously announced, the conclusion of the agreement shall make a significant contribution to accomplish the earning targets of PNE WIND AG for this year.

Contact: Contact:

PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Rainer.Heinsohn(at)pnewind.com

PNE WIND AG Investor Relations Scott McCollister Tel: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Scott.McCollister@pnewind.com

29.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-Straße 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pnewind.com Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0, WKN: A0JBPG, A1R074, , A12UMG, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------