DGAP-Adhoc: Electrawinds SE: Update capital re-inforcement plan

DGAP-Adhoc: Electrawinds SE: Update capital re-inforcement plan

Electrawinds SE  / Key word(s): Capital Increase

22.10.2013 08:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Luxembourg | 22 October 2013: Electrawinds SE provides a status update
about the capital re-inforcement plan:

> As announced on 23 April 2013, the Board of Directors decided to return
to the capital market and raise a substantial amount of equity.

> As announced on 2 July 2013, a conditional Memorandum of Understanding
('MoU') had been signed, in presence of the company, by certain of the
company's main shareholders and providers of subordinated debt to
Electrawinds NV (a wholly owned subsidiary of the company) that provided in
a plan for, amongst others, the raising of a substantial amount of new
equity with new and existing investors, the potential conversion into
equity of part of the existing debt of the group and the deleveraging of
the group.

> As communicated earlier in the past months, promising discussions have
been held with a number of new cornerstone investors in order to provide
the additional capital as contemplated in the MoU. So far, these
discussions have not resulted into a final commitment and discussions with
certain potential cornerstone investors have ended.

> In the meantime, discussions are being continued with other potential
investors. At the same time new discussions are being held with the main
shareholders, debt providers to the company and its subsidiary Electrawinds
NV concerning a less ambitious business plan requiring a significantly
lower amount of fresh money.

As soon as these discussions have been finalized the company will
communicate to the market.

*   *   *

Electrawinds SE | 40, Avenue Monterey | L-2163 Luxemburg
Bert Heyman | investor.relations@electrawinds.eu

ISIN LU0538936351 (Publikums-Aktien) Regulierter Markt, Prime Standard,
ISIN LU0538952044 (Publikums-Optionsscheine) Regulierter Markt, General
Standard, Frankfurt/Main

Cautionary statement regarding forward-looking statements This press
release contains certain forward-looking statements. Any forward-looking
statement applies only on the date of this press release. Such statements
are based on current expectations and convictions and, by their nature, are
subject to a number of known and unknown risks and uncertainties as a
result of which the actual results and performance may differ substantially
from expected future results or performance expressed or implied in the
forward looking statements. The information and views contained in this
press release may change without prior notice, and Electrawinds SE has
neither the intention nor the obligation to update forward-looking
statements in this communication, except insofar as it is obliged to do so
by any applicable legislation or by the rules of any stock exchange on
which its shares may be traded.

22.10.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Electrawinds SE
              40, Avenue Monterey
              2163 Luxemburg
              Grand Duchy of Luxembourg
Phone:        +352 27 449878
Fax:          +352 27 449879
E-mail:       investor.relations@electrawinds.eu
Internet:     ewi.electrawinds.eu
ISIN:         LU0538936351, LU0538952044
WKN:          A1C4HF, A1E016
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
End of Announcement                             DGAP News-Service
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