Meyer Burger accelerates capacity adjustments in persistently di

Press Release

Thun, 21 November 2012

Meyer Burger accelerates capacity adjustments in persistently difficult market
environment

In response to the ongoing challenging market situation in the photovoltaic
sector, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) is accelerating
and expanding its current consolidation and optimisation programme. Since the
beginning of 2012, the company has consolidated sales and service operations,
simplified its organisational structure and restructured production. The
overall number of permanent employees has been reduced by 19%, which is more
than the 15% announced in March 2012, to 2,272 employees (FTE). The synergies
and improvements which have already been achieved throughout the entire
organisational structure must be further intensified and expedited. The market
situation has made a further adaptation in capacities necessary. With around
2,000 employees (FTE) in future, the Meyer Burger Group will possess the
necessary structure which will enable it to respond quickly and flexibly to
changes in the market in a cost-efficient and customer-oriented fashion.

Following primary measures planned:

Roth and Rau AG in Hohenstein-Ernstthal (Germany) will carry out further
restructuring measures which are expected to result in the reduction of 50
employees. The ongoing development of future-oriented technologies,
specifically in the area of heterojunction technology, is not impacted by
these measures. At other locations worldwide, measures for optimisation and
adjustments in capacities are being undertaken which could lead to a reduction
in personnel of around 200 employees. At this point in time, it is not
possible to break down which individual Group companies or countries will be
impacted.

The goal of these further restructuring measures is to increase efficiency and
reduce operating costs by around CHF 30 million.

Focus on technology leadership

Despite the challenging market, Meyer Burger's momentum remains undiminished
in its research and development activities for photovoltaic technology as it
continues to increase its technological edge and the process integration
between wafer, cell and module technologies. A recent example is the
successful market introduction of heterojunction technology which offers a
significant surface advantage with its module performance of 180W/m2 (in
comparison to the standard 140W/m2). With a cell performance efficiency of
21%, this technology generates record setting 303 watt modules.

As a system integrator from wafer to PV module, the Meyer Burger Group has a
unique product and solution portfolio from which the optimal configuration for
customers can be selected and implemented. With its focus on the photovoltaic
value chain, Meyer Burger enables its customers to combine the advantages of
the individual production steps, to reduce the overall cost of ownership and
at the same time to increase the overall performance and efficiency of cells
and modules.

Outlook

Various project discussions with customers, among them also in new PV markets
in Asia, South America, in the Arab region and in Africa, confirm Meyer
Burger's conviction that the long term prospects for photovoltaics continue to
be positive. However, it remains very difficult to forecast when these project
discussions will result in new contracts and when the current overcapacity of
solar cell and module manufacturers will be reduced. For this reason,
visibility in the overall market remains limited.

Based on the expected project acceptances until the end of 2012, Meyer Burger
expects at this point in time to achieve sales of slightly over CHF 600
million in fiscal year 2012. The lower expected sales and the ongoing
restructuring costs will lead to an expected loss at EBITDA level of
approximately CHF 20 to 40 million. With the measures being taken as part of
the accelerated consolidation and optimisation programme, Meyer Burger aims to
reduce the EBITDA break-even threshold in order to achieve a break-even result
at EBITDA level already with similar sales volumes as in 2012.

For further information please contact:

Werner Buchholz

Head of Corporate Communications

Tel +41 (0) 33 221 25 06

werner.buchholz@meyerburger.com

Michel Hirschi

Chief Financial Officer

Tel +41 (0) 33 221 28 00

ir@meyerburger.com

About Meyer Burger Technology Ltd

www.meyerburger.com

Meyer Burger is a leading global technology Group. Our innovative systems and
production equipment create sustainable value for our customers in
photovoltaics (solar industry), in the semiconductor and optoelectronic
industries as well as other selected industries which focus on semiconductor
materials. The Group currently employs approximately 2,270 people across three
continents. In our core business - photovoltaics - integrated systems and
solutions which increase manufacturing performance and efficiency are the
cornerstones of our corporate strategy. The Meyer Burger Group's industry
expertise and leading photovoltaic technologies along the entire value chain
encompass all important production processes, systems and equipment for solar
production from wafers to building integrated solar systems.

The Group's core competencies cover a broad range of production processes,
machines and systems that are used for the production of ultra-thin, high
quality wafers, for coating and optimizing as well as inspection and
measurement of high performance solar cells, for laminating, soldering and
testing of solar modules and for building-integrated solar systems.

A worldwide service network including spare parts, consumables, re-grooving
services, process know-how, customer support, after-sales services, training
and other services completes the Group's comprehensive product portfolio.
Meyer Burger Group is represented in Europe, Asia and North America in the
respective key markets and has subsidiaries and own service centres in China,
Germany, India, Japan, Korea, the Netherlands, Norway, Switzerland, Singapore,
Spain, Taiwan and the USA. The company relies on selected independent agents
in other important markets. The registered shares of Meyer Burger Technology
Ltd are listed on SIX Swiss Exchange (Ticker: MBTN).

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND
SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL
CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN
OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN
ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL
NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED,
SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT
REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

This press release may contain "forward-looking statements", such as guidance,
expectations, plans, intentions, or strategies regarding the future. These
forward-looking statements are subject to risks and uncertainties. The reader
is cautioned that actual future results may differ from those expressed in or
implied by the statements, which constitute projections of possible
developments. All forward-looking statements included in this press release
are based on data available to Meyer Burger Technology Ltd as of the date that
this press release is published. The Company does not undertake any obligation
to update any forward-looking statements contained in this press release as a
result of new information, future events or otherwise.

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