Global PVQ SE
Q-Cells SE: creditors approve sale to Hanwha

Q-Cells SE  / Key word(s): Acquisition/Insolvency

29.08.2012 15:23

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

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Bitterfeld-Wolfen (Germany), 29 August 2012: As communicated in the Ad-hoc
Disclosure Notice dated 26 August 2012, a purchase and transfer agreement
in respect of virtually all of the business operations of Q-Cells SE (ISIN
DE0005558662) was entered into on 26 August 2012 with a business belonging
to the Korean Hanwha Group. This agreement was subject to the consent of
the creditors' meeting of Q-Cells SE.

The creditors' meeting of Q-Cells SE consented to the purchase and transfer
agreement today.

On the basis of the purchase and transfer agreement, which remains subject
to conditions precedent, among these merger clearance, it can be expected
that insolvency claims ranked pursuant to § 38 of the German Insolvency Act
(InsO) may receive an insolvency dividend of at least 20 %.

The insolvency administration was provided with additional offers in
respect of the acquisition of the business operations of Q-Cells SE. To
this extent, however, specific or final offers of the bidder were missing.

Note is made - once again - that the shareholders of Q-Cells SE will
receive neither dividends nor other notable benefits from the proceeds of
the M&A process.

CONTACT
Q-Cells SE i.I.
OT Thalheim, Sonnenallee 17-21
06766 Bitterfeld-Wolfen, Germany
FAX +49 (0)3494 6699.10000
WEB www.q-cells.de

Q.CELLS Investor Relations
Stefan Lissner
TEL +49 (0)3494 6699.10101
EMAIL investor@q-cells.com

Q.CELLS Corporate Communications
Ina von Spies, Alberta Rohardt
TEL +49 (0)3494 6699.10121
EMAIL presse@q-cells.com

Lawyer Henning Schorisch as insolvency administrator of Q-Cells SE
Executive Board: Dr Nedim Cen (CEO, CFO), Dr Andreas v. Zitzewitz (COO,
CSO)
Chairman of the Supervisory Board: Prof Dr h c Karlheinz Hornung


29.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Q-Cells SE
              Sonnenallee 17-21, OT Thalheim
              06766 Bitterfeld-Wolfen
              Germany
Phone:        +49 (0)3494 - 6699-0
Fax:          +49 (0)3494 - 6699-199
E-mail:       q-cells@q-cells.com
Internet:     www.q-cells.com
ISIN:         DE0005558662, Wandelanleihe 2012: DE000A0LMY64, Wandelanleihe
              2014: DE000A1AGZ06, Wandelanleihe 2015: DE000A1E8HF6
WKN:          555866
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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