DGAP-News: PNE WIND AG / Key word(s): Contract/Disposal PNE WIND AG sells offshore wind project 'Atlantis I' 09.01.2017 / 15:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release PNE WIND AG sells offshore wind project "Atlantis I" - Project sold to Swedish utility Vattenfall - Further milestone payments agreed - PNE WIND remains involved in project as service provider Cuxhaven, January 9, 2017 - PNE achieved another important success in its offshore wind division: The offshore project "Atlantis I", located in the North Sea, was sold to Swedish utility Vattenfall. Vattenfall is one of the most experienced companies for the realization and operation of offshore wind projects in Europe. Project "Altantis I" will be handed over to Vattenfall upon closing of the sale and purchase agreement, which is still subject to various closing conditions, for a purchase price in a lower double digit million Euro amount. PNE will also participate in the further value-add of the project achieved by Vattenfall through milestone payments, and will remain involved in the project "Atlantis I" as service provider. "With the sale of this project, the team led by Thorsten Fastenau, head of our offshore wind division, demonstrated once again the excellent quality of our development work in offshore wind projects", says Markus Lesser, CEO of PNE WIND AG. And adds: "This project was prepared by us so that it is eligible to participate in the first ever tender in Germany for offshore wind projects this year. This was instrumental in getting the deal done." PNE WIND acquired the project in 2013 and has continuously developed it ever since. In doing so, the project parameters could be upgraded so that now 73 multi megawatt class wind-turbines can be installed. The project is located in the North Sea in the German Exclusive Ecomomic Zone, appr. 84 kilometers off the island of Borkum in north-westerly direction As in previous divestitures of the offshore wind projects "Borkum Riffgrund" and "Gode Wind", PNE WIND will remain involved in the further development of project "Atlantis I" as long-term service provider, contributing its outstanding expertise. 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 360 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 wind farms have been handed over, the PNE WIND Group also offers technical and commercial operation management services, including regular maintenance, for the wind farms. Offshore wind farms are developed up to the point where they are construction ready and our services cover the projects till operations begin. Alongside its business activities in its established domestic market, 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. Contact

PNE WIND AG                                PNE WIND AG
Rainer Heinsohn                            Scott McCollister
Head of communication                      Head of investor relations
Tel:  +49(0) 47 21 - 7 18 - 453            Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373             Fax: +49(0) 47 21 - 7 18 - 373
Rainer.Heinsohn(at)pnewind.com             Scott.McCollister(at)pnewind.com

--------------------------------------------------------------------------- 09.01.2017 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. Archive at 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, DE000A1R0741, , DE000A12UMG0, WKN: A0JBPG, A1R074, , A12UMG, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 534997 09.01.2017