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ErSol Solar Energy AG

euro adhoc: ersol Solar Energy AG
Restructuring & Recapitalisations
ersol fixes the subscription price

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Subscription price
12.07.2007
ersol fixes the subscription price - Subscription price for a new 
share is EUR 60.00
The Management Board of ersol Solar Energy AG, taking into account 
the volume-weighted average price for shares - as reported by the 
Reuters financial information service - in ersol Solar Energy AG in 
XETRA on the Frankfurt Stock Exchange from the start of trading on 10
July 2007 until the close of trading on 12 July 2007, less the 
discount resolved by the Management Board with the approval of the 
Supervisory Board in the amount of 9.08 per cent, has fixed a 
subscription price of EUR 60.00. ersol Solar Energy AG's shareholders
can thus purchase the new shares from the cash capital increase as 
part of the subscription offering in a ratio of 10:1 against payment 
of the subscription price in the amount of EUR 60.00 per new share.
end of announcement                               euro adhoc 12.07.2007 20:04:58

Further inquiry note:

Sonja Teurezbacher
Investor Relations Manager
+49 (0)361 2195 1130
sonja.teurezbacher@ersol.de

Branche: Alternative energy
ISIN: DE0006627532
WKN: 662753
Index: CDAX, TecDAX, HDAX, Midcap Market Index, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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