Hamburg - Nordex SE ('Nordex' or the 'Company'; ISIN: DE000A0D6554) has entered into exclusive discussions in relation to parts of its wind and photovoltaic development pipeline with RWE.

The sale price at closing would be EUR 402.5 million in cash before deduction of any customary fees, taxes and any other adjustments.

The project development pipeline in the context of the transaction comprises approximately 2.6GW of wind capacity, out of which approximately 1.8GW in France, in addition to a 0.1GW solar PV pipeline. Nordex will continue with its wind developments in other markets.

RWE and Nordex have signed a put option agreement on the potential transaction. Nordex will now initiate the consultation process with the staff council in France, which will have to be completed before it makes a decision to exercise the put option agreement, whereby the final agreements would become binding between the parties. Closing of the transaction would also be conditional on foreign investment clearance in France and completion of customary spin-off processes. It is anticipated that closing of the transaction could occur in Q4 2020. The Company will update in relation to the financial impact of the transaction once completion has occurred as a part of its ongoing reporting.

Contact:

Felix Zander

Tel: +49 (40) 30030 1116

Email: fzander@nordex-online.com

THE NORDEX GROUP

The Group has installed more than 28 GW of wind energy capacity in over 40 markets and generated sales of around EUR 3.3 billion in 2019. The company has around 7,500 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are designed to meet the market requirements of countries with limited available space and regions with limited grid capacity.

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