CHORUS Clean Energy AG, DE000A12UL56

CHORUS Clean Energy AG, DE000A12UL56

10.10.2016 - 12:07:57

CHORUS Clean Energy AG and Capital Stage AG to merge - with about nine out of ten CHORUS shareholders accepting the takeover offer

PRESS RELEASE

CHORUS Clean Energy AG and Capital Stage AG to merge - with about nine out of ten CHORUS shareholders accepting the takeover offer

- Acceptance rate among CHORUS shareholders reaches 94.42 percent

- The two companies combined will form one of Europe's leading independent operators of solar and wind parks

- Technical implementation of the transaction scheduled for October 2016

Neubiberg/Munich, October 10, 2016 - CHORUS Clean Energy AG ("CHORUS") based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks has been given the green light to merge with Capital Stage AG ("Capital Stage"). More than 94 percent of CHORUS shareholders have - within the official acceptance period - given their approval for the voluntary public takeover offer made by Capital Stage.

The minimum acceptance threshold of 50 percent plus one (1) share had already been achieved prior to the end of the regular acceptance period. With a result of 84.23 percent, this threshold was then exceeded considerably at the end of the regular acceptance period on September 16, 2016. At the end of the extended acceptance period on October 5, 2016, the acceptance rate stood at 94.42 percent.

Therefore, more than 26 million CHORUS shares have been tendered for exchange with Capital Stage shares. Based on the exchange rate of five Capital Stage shares for every three CHORUS shares, more than 43 million new Capital Stage shares will therefore be issued as part of a capital increase. The transaction is expected to be completed (closing) with the entry of the capital increase in mid October 2016.

"We are delighted by the huge support that the CHORUS shareholders have shown for the combination with Capital Stage. It demonstrates that a vast majority of our shareholders agree with us that our market position is improved by joining forces, thus enabling us to achieve our growth targets more quickly," said Holger Götze, CEO of CHORUS Clean Energy AG.

The merger between Capital Stage and CHORUS will give rise to one of Europe's leading independent operators of solar and wind parks with a total capacity of more than 1 gigawatt. This corresponds to the capacity required to supply more than half a million households a year with electricity.

About CHORUS The CHORUS Group was founded in 1998 and operates 94 solar and wind parks with a capacity of more than 530 megawatts in seven European countries. With a broadly diversified portfolio, the company generates stable, dependable, and sustainable returns. For professional investors, CHORUS offers investment opportunities in power plants that generate renewable energy. CHORUS Clean Energy AG covers the entire investment cycle - from asset sourcing via financial and legal due diligence to operations and divestment.

Contact: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: IR@chorus.de

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Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service

510117 10.10.2016

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