DGAP-News: PNE WIND AG

DGAP-News: PNE WIND AG: New Management Board Member Appointed

DGAP-News: PNE WIND AG / Key word(s): Change of Personnel PNE WIND AG: New Management Board Member Appointed

30.11.2015 / 17:45 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Press release

PNE WIND AG: New Management Board Member Appointed

Cuxhaven, November 30, 2015 - PNE WIND AG Supervisory Board member Per Hornung Pedersen has been appointed Chief Executive Officer.

The Supervisory Board decided at its meeting today, that the Supervisory Board member Mr. Per Hornung Pedersen, in accordance with § 105 para. 2 AktG, would be elected on an interim basis to the Management Board for the period from December 1, 2015 to the date of the Annual General Meeting of the Company on May 25, 2016. Mr. Pedersen will assume the function of CEO and the Management Board now consists once again of three members. For a short transitional period, COO Markus Lesser and CFO Jörg Klowat made up the entire board and with the addition of Mr. Pedersen the board is now comprised of three board members, which represents a long-standing practice at PNE WIND AG.

Per Hornung Pedersen, born in 1953, has gained many years of international experience in the wind energy sector. Benefiting not only from his experience gained as CEO of REpower Systems AG (today Senvion), his professional background is well suited to meet the operational and strategic tasks of the current wind industry sector. Mr. Pedersen has a bachelor's degree in Finance and Accounting, a Diploma in Auditing and Tax Law and an MBA. The Supervisory Board mandate of Per Hornung Pedersen is suspended for the duration of his Management Board function.

The Chairman of the Supervisory Board Alexis Fries commented: "We are delighted to have Mr. Per Hornung Pedersen with his many years of successful management experience gained in the wind energy sector as well as his experiences gained with intercultural management and with company growth and change. As the new Chief Executive Officer of PNE WIND AG, he will fully support the Company in its future development. This also provides the Supervisory Board with time to decide on a long-term solution for the future composition of the Management Board."

About the PNE WIND Group

The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its roughly 380 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed plants have been handed over to operators, the PNE WIND Group also offers technical and commercial management services, including regular maintenance, for the wind farms. The offshore wind farms at sea are developed up to the point where they are ready to be constructed. In addition, through its YieldCo strategy, the group of companies offers investors the possibility of investing directly in commissioned and profitable wind farms. Alongside its business activities in the established domestic market in Germany, the PNE WIND Group is present at the international level in order to benefit from the huge growth potential of the global wind energy market and it is expanding into dynamic growth markets.

Contacts for queries

PNE WIND AG

Rainer Heinsohn Head of Corporate Communications Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 Rainer.Heinsohn@pnewind.com

PNE WIND AG

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

---------------------------------------------------------------------------

30.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP 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: 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, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0 WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

419671 30.11.2015