REpower striving for change in legal form to European Company (SE)

REpower Systems AG (WKN 617 703) is preparing to transform itself into a European Company (Societas Europaea, SE). The Executive Board and the Supervisory Board today each resolved to propose the transformation of the legal form of the company from a German stock corporation (AG) to a European Company at the Annual General Meeting planned for October 25, 2010. The company’s domicile and headquarters will remain in Hamburg.

The shareholders of REpower Systems AG will receive detailed information on the planned transformation in the course of September together with the invitation to and agenda for the Annual General Meeting.

The change in legal form from an AG to an SE reflects REpower’s European and international outlook. In particular, the form of a European Company highlights the growing significance of REpower’s international and pan-European business activities and externally expresses its predominantly international corporate culture.

The change in legal form of REpower Systems AG into an SE will not lead to the dissolution of the company or the formation of a new legal entity. The company will retain its legal and business identity. This change will also not affect shareholders’ investments in REpower.

A selection of photo material on REpower turbines as well as other subjects can be downloaded free of charge from our homepage www.repower.de (change to English at the top of the page) using the quick link “Online Photo Archive” (respective copyright must be provided).


About REpower:

REpower Systems AG, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines with rated outputs of 2.05 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location. The company also offers a comprehensive portfolio of service and maintenance packages. The profitable and reliable systems are designed at the REpower TechCenter in Osterrönfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China.

With more than 2,000 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of around 3,000 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the UK, Italy, Portugal and Spain as well as on a global level in the USA, Japan, China, Australia and Canada.