Sinosol AG
Sinosol AG doubles available working capital credit lines for the further expansion of its business

Sinosol AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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With effect of February 28, 2009 Sinosol AG has been granted with working
capital credit lines totaling more than 12 Mio EUR with
Unicredit/Bayerische Hypo- und Vereinsbank AG as well as HSBC in Hong Kong.
This amount is available for Sinosol Group until spring 2010. It is
exceeding the available frame of 2008 more than 100% and has been closed at
significantly more attractive conditions.

The now existing credit lines represent an excellent basis for the
financing of the further growth in Sinosol Groups core segments (turn key
planning and construction of solar parks, wholesale of photovoltaic
systems, installation technology for PV-Systems). Hypovereinsbank is taking
a major role and is allocating 8 Mio EUR available for the financing of the
delivery of goods, complemented by a credit facility of several Mio EUR for
financial guarantees. Furthermore Sinosol Group has established a credit
line of 3,2 Mio EUR with HSBC in Hong Kong for its subsidiary Sinosol Asia
Ltd. (formerly Sinolink Development Ltd.) for the pre-financing of
deliveries based on Letters of Credit.

All pre-financing and guarantees of large scale projects are completely
decoupled from those credit facilities and can be additionally accessed by
Sinosol Group on a project basis. Currently Sinosol Group is financing all
its activities out of the available equity and is not using the available
credit facilities. The borrowing limits that have now been granted, can
therefore be used entirely for the further expansion of floating assents
and for further growth.

'The now available credit facilities enable us to continue our expansion
strategy in all business units and to pre finance larger amounts in our
wholesale and project business. Especially in those difficult times at the
financial markets, those credit lines are a clear sign of the trust that
the house banks have in Sinosol Group and into the renewable energy
sector.' explains Raphael Krause, Member of the Executive Board of Sinosol
AG.

About Sinosol AG:
Sinosol Group is an international provider of photovoltaic systems, as well
as a planner and developer of turn-key solar parks. As a German-Chinese
group, it benefits from its established networks in both of its home
markets, for procurement as well as for sales. Sinosol Group's operations
are currently focused on the European and Chinese markets.


Sinosol AG
Babette Mende
Phone:   +49 69 2440 425 0
Fax:     +49 69 2440 425 15
Email:   ir@sinosol.com


09.03.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       Sinosol AG
              Friedrichstr. 8
              70174 Stuttgart
              Deutschland
Phone:        +49 711 722 33 900
Fax:          +49 711 722 33 909
E-mail:       info@sinosol.com
Internet:     www.sinosol.com
ISIN:         DE000A0JEQK6
WKN:          A0JEQK
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
 
Notierung vorgesehen / Designated to be listed
 
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