DGAP-News: PNE WIND AG / Key word(s): Final Results/Forecast PNE WIND Group finished the fiscal year 2015 operationally and economically successful 23.03.2016 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PNE WIND Group finished the fiscal year 2015 operationally and economically successful - Positive earnings brings about dividend proposal - Active implementation of wind farm projects - Continued build out of internally held Wind-Farm Portfolio to pay off Cuxhaven, March 23, 2016 - The 2015 fiscal year was a challenging as well as successful time for PNE WIND. The sale of our subsidiary PNE WIND UK and the completion of the "Chransdorf" wind farm in Brandenburg - with 57.6 MW and representing the single largest project in the Company's history - marked significant operational highlights. In financial terms, the 2015 financial year developed positively and despite the high level of investments in our own wind farms, positive earnings could be generated. As at December 31, 2015, the Group achieved a total performance of euro 233.3 million (prior year: euro 233.9 million) and an operating profit (EBIT) of euro 9.8 million (prior year: euro 2.7 million). The basic earnings per share amounted to euro 0.05 (prior year: euro -0.22). According to the accounting principles of the German Commercial Code (HGB), PNE WIND AG recorded a net income of euro 10.3 million (prior year: euro 4.0 million) and the retained earnings increased to euro 70.5 million as at December 31, 2015. On the basis of the positive results of PNE WIND AG, the Board of Management and the Supervisory Board intend to submit a proposal to the general meeting of shareholders on May 25, 2016 to distribute a dividend of euro 0.04 per eligible share. In this way, we are continuing the dividend policy pursued over the last few years. Operational progress - onshore and offshore The operational business of the PNE WIND Group in the 2015 fiscal year was characterised by the number of projects realised in Germany and the continued progress in the development of projects in Germany and abroad. In 2015, wind farms with a nominal output of approx. 90.5 MW were completed. Further wind farm projects with a capacity of 50.4 MW are currently under construction. We also obtained planning permission for additional projects during the last few months so that we can start construction on these wind farms soon. In this way, the PNE WIND Group will make a substantial contribution to the successful "Energiewende" and the continued expansion of safe, resource-saving and climate-friendly power generation. A majority of the nominal capacity completed in 2015 was brought into the Group's own portfolio. Wind farms with a capacity of approx. 66.6 MW were bundled there at the turn of the year. This includes the "Chransdorf" wind farm and the "Waldfeucht/Selfkant" repowering project, in which old wind power turbines were replaced after 17 years of operation by new turbines. Internationally, the PNE WIND Group achieved a significant operational success with the sale of the British subsidiary PNE WIND UK Ltd. and the project pipeline developed by it. At the end of 2015, the companies of the PNE WIND Group were working on onshore projects with more than 4,900 MW of nominal output in various phases of a multiple year development process in Germany and in its international markets. Outlook The outlook for 2016 is positive and the companies of the PNE WIND Group have received planning permission for further wind farms, which means that the construction or sales process can be started soon. For some of the projects abroad, sales contracts have already been concluded. In addition to a well-filled onshore and offshore project pipeline, the investments into the portfolio of the Company's own wind farms will pay off during this year. On this basis, the Board of Management expects to achieve an EBIT in the area of up to euro 100 million for the 2016 financial year. This result primarily depends on the placement of the onshore projects bundled in the Wind Farm-Portfolio with a total nominal capacity of up to 150 MW. 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.. 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 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(at)pnewind.com PNE WIND AG Scott McCollister Head of Investor Relations Tel: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 [email protected] --------------------------------------------------------------------------- 23.03.2016 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: [email protected] 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 --------------------------------------------------------------------------- 447939 23.03.2016