EANS-Adhoc: PNE WIND AG: Extremely positive result in 2012 is the basis for increased dividend proposal

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Financial Figures/Balance Sheet/annual report 12.03.2013

Cuxhaven, 12th March 2013 - The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2), has closed the financial year 2012 with an extremely positive result. The corporation's operating result (EBIT) - the definitive key value for project business - amounts to EUR 20.4 million (previous year: EUR 0.1 million) based on the IFRS accounting rules. The result of normal business activity (EBT) amounts to about EUR 15.1 million (previous year: EUR -4.9 million). The undiluted corporate earnings per share was EUR 0.37 (previous year: EUR -0.09) and the diluted corporate earnings per share was EUR 0.31 (previous year: EUR - 0.04). Total corporate performance increased to EUR 94.3 million (previous year: EUR 53.9 million). Simultaneously - above all due to the successful sale of offshore wind farm projects - sales increased to EUR 84.4 million (previous year: EUR 48.6 million). With a balance sheet total of EUR 182.5 million and an equity ratio of about 47 percent at the end of the 2012 financial year, the equity ratio is significantly higher than in the previous year at approx. 39 percent. Liquid assets of EUR 36.6 million as at 31st December 2012 provide the company with a solid financial basis for continued growth. The Board of Directors confirms its forecast of a cumulative EBIT of at least EUR 60 to 72 million for the three year period from 2011 to 2013. The Board of Directors anticipates an EBIT of EUR 60 to 72 million for the following two year period during 2014 and 2015.

According to HGB (German Commercial Code) accounting rules, PNE WIND AG realised a net income of EUR 34.4 million (previous year: EUR 0.2 million). As at 31st December 2012, PNE WIND AGs had a retained profit of EUR 34.3 million according to HGB accounting rules.

As a result of the positive result during the 2012 financial year, the Board of Directors and the Supervisory Board of PNE WIND AG propose to pay a dividend amounting to EUR 0.08 (previous year: EUR 0.04) as well as a special dividend of EUR 0.02 per participating share. The Annual General Meeting is set to pass a resolution on this motion on 22nd May 2013.

PNE WIND AG will publish the audited annual accounts and the management report for 2012 on 27th March 2013.

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(END) Dow Jones Newswires

   March 12, 2013 12:33 ET (16:33 GMT)- - 12 33 PM EDT 03-12-13