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Gaiam Sells Six Million Shares of Real Goods Solar for Net Proceeds of $16.4 Million

  Gaiam Sells Six Million Shares of Real Goods Solar for Net Proceeds of $16.4
  Million

Business Wire

BOULDER, Colo. -- June 11, 2013

Gaiam, Inc. (NASDAQ: GAIA) (“the Company”), a lifestyle media company,
announced today that it sold approximately six million shares of Real Goods
Solar, Inc. for net proceeds of $16.4 million. Following these transactions,
Gaiam continues to own approximately 4.1 million shares of Real Goods Solar’s
common stock.

On May 24, 2013, Real Goods Solar announced that it had entered into a
definitive agreement to raise over $9 million in a private placement of
approximately 3.3 million of its shares. The transaction funded on June 3,
2013. In connection with the funding, Gaiam agreed to a 90-day lock-up of the
shares of Real Goods Solar’s common stock that it continues to own.

Lynn Powers, Chief Executive Officer of Gaiam, commented, “With its new senior
management team and additional financing in place, it is time for Gaiam to
reduce its investment of financial and management resources in Real Goods
Solar and re-deploy those assets for the benefit of Gaiam’s core businesses.”
To underscore this direction, following Gaiam’s sale of Real Goods Solar
shares, Gaiam’s Chairman, Jirka Rysavy, resigned from his position as Real
Good Solar’s Chairman that he had held since its inception.

Lynn Powers added, “In 1999, Gaiam founded its solar division Gaiam Energy
Tech, which during the 2008 IPO process adopted the name Real Goods Solar.
Monetizing a portion of this Gaiam spin-off allows the Company to strengthen
its financial foundation and continue growing its core businesses. For 2012,
Gaiam’s total revenues rose 22%, and we are off to a strong start in 2013 with
first quarter revenues up nearly 20% over the comparable prior-year period. We
are encouraged by the momentum we are generating in both our business and
direct to consumer segments and believe the added financial flexibility to
invest in and support core business growth will benefit Gaiam and our
shareholders.”

The sale of the Real Goods Solar common stock will result in a significant
gain to Gaiam since, as Real Goods Solar’s founder, its basis in the shares is
low. Gaiam will utilize a portion of its net operating loss carry forwards to
fully offset the income tax gain.

About GAIAM

Gaiam, Inc. (NASDAQ: GAIA) is a leading producer and marketer of lifestyle
media and fitness accessories. With a wide distribution network that consists
of over 60,000 retail doors, 15,000 store within stores, and 6,000 media
category management locations, and a digital distribution platform, Gaiam is
dedicated to providing solutions for healthy and eco-conscious living. The
Company dominates the health and wellness category and releases non-theatrical
programming focused on family entertainment and conscious media. In addition,
Gaiam has exclusive licensing agreements with Discovery Communications and
other licensing partners. For more information about Gaiam, please visit
www.gaiam.com or call 1.800.869.3603.

About Real Goods Solar

Real Goods Solar, Inc. (RSOL) is one of the nation's pioneering solar energy
companies serving commercial, residential, and utility customers. The company
has installed more than 14,500 solar power systems representing over 100
megawatts of 100% clean renewable energy. Real Goods Solar makes it very
convenient for customers to save on their energy bill by providing a
comprehensive solar solution, from design, financing, permitting and
installation to ongoing monitoring, maintenance and support. As one of the
nation's largest and most experienced solar power players, the company has 15
offices across the West and the Northeast. It services the commercial and
utility markets through its RGS Energy division. For more information, visit
RealGoodsSolar.com or RGSEnergy.com, on Facebook at
http://facebook.com/realgoodssolar and on Twitter at
http://twitter.com/realgoodssolar.

This press release includes forward-looking statements relating to matters
that are not historical facts. Forward-looking statements may be identified by
the use of words such as “expect,” “intend,” “believe,” “will,” “should” or
comparable terminology or by discussions of strategy. While Gaiam believes its
assumptions and expectations underlying forward-looking statements are
reasonable, there can be no assurance that actual results will not be
materially different. Risks and uncertainties that could cause materially
different results include, among others, introduction of new products and
services, completion and integration of acquisitions, the possibility of
negative economic conditions, and other risks and uncertainties included in
Gaiam’s filings with the Securities and Exchange Commission. Gaiam assumes no
duty to update any forward-looking statements.

Contact:

Gaiam, Inc.
Steve Thomas, 303-222-3782
Chief Financial Officer
Steve.thomas@gaiam.com
or
JCIR
Joseph N. Jaffoni, Richard Land, Norberto Aja
212-835-8500
gaia@jcir.com
 
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