Nordex shareholders withdrawing objections to resolutions passed at the annual general meeting

Two minor shareholders who had lodged objections to resolutions passed at Nordex AG’s annual general meeting have withdrawn these objections. This means that a further key condition for Nordex AG’s recapitalization plans has been met. At the company’s annual general meeting on February 21, 2005, the shareholders had passed the necessary resolutions with a majority of over 99.8%. The subscription period for the new shares issued in the cash capital increase commences on March 1 and expires on March 15, 2005. The shares not subscribed by the shareholders will be offered to an investor group, which has undertaken to subscribe to at least 30 million shares if this allows it to acquire a majority of at least 52 percent of the Company’s capital. A further condition precedent for the subscription undertaking is the recognition by the responsible tax authorities of the restructuring privilege for tax carry-forwards.