07-04-16 - Results of the increase in capital: proceeds of CHF 170.8 million accrue to Repower

With the subscription period expiring at 12 noon (CET) today, 4 July 2016, the results of the rights issue are now available. Public shareholders have invested CHF 20.8 million in the rights issue, resulting in gross proceeds of CHF 170.8 million for Repower. This means Repower's new shareholder structure is now also clear.

Following the announcement of the increase in capital on 30 May 2016 and the requisite resolution of the Extraordinary General Meeting on 21 June 2016, during the subscription period from 24 June to 12 noon (CET) on 4 July 2016 shareholders had the opportunity to exercise their subscription rights and participate in the rights issue. During this period public shareholders subscribed to registered shares totalling CHF 20.8 million. The new anchor shareholders Elektrizitätswerke des Kantons Zürich (EKZ) and UBS Clean Energy Infrastructure Switzerland KGK (UBS-CEIS) had already undertaken to invest CHF 90 million and CHF 60 million respectively in the rights issue. The result is an increase in Repower's share capital by CHF 3,972,913 from CHF 3,408,115 to CHF 7,381,028 divided into 7,381,028 registered shares each with a nominal value of CHF 1.00. Gross proceeds of CHF 170.8 million from the increase in capital accrue to the company. With a market capitalisation of around CHF 317 million on the basis of today's closing price, Repower is one of the largest companies traded over the counter in Switzerland.

New shareholder structure

After completion of the increase in capital Repower's shareholder structure is as follows:

• EKZ: 28.36 %
• Canton Graubünden: 21.99 %
• UBS-CEIS: 18.90 %
• Axpo Holding AG: 12.71 %
• Public shareholders (free float): 18.04 %

The increase in capital will be consummated tomorrow, 5 July 2016, with a declaratory resolution from Repower's Board of Directors and then reported for entry in the Canton Graubünden commercial register. Delivery of the new shares by book transfer against payment of the subscription price will take place on 7 July 2016.

Contact

Kurt Bobst
CEO
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[e-mail]

Stefan Kessler
CFO
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[e-mail]

Werner Steinmann
Head of Media Relations
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[e-mail]

www.repower.com

DISCLAIMER

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of the SIX Swiss Exchange AG or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. A decision to invest in securities of Repower AG should be based exclusively on the issue and listing prospectus published by Repower AG for such purpose.

This document is not for publication or distribution in the United States of America, Canada, Australia or Japan and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the 'Securities Act')) or to publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or to purchase any securities in the United States of America. The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold in the United States of America absent registration under or an exemption from registration under Securities Act. There will be no public offering of the securities in the United States of America.

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public has been or will be published in the United Kingdom.

This publication may contain specific forward-looking statements, e.g. statements including terms like 'believe', 'assume', 'expect', 'forecast', 'project', 'may', 'could', 'might', 'will' or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Repower AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Repower AG assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.