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REpower Systems SE

Tulsi R. Tanti new Chairman of the Supervisory Board at REpower Systems AG

Hamburg (euro adhoc) -

The company’s Annual General Meeting was held today in Hamburg
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Supervisory Board
Hamburg, 21 June 2007. Today, Mr. Tulsi R.
Tanti has been appointed as a new member of the Supervisory Board at 
REpower Systems AG (WKN 617703) and elected as Chairman of the 
Supervisory Board in the meeting of the company´s Supervisory Board 
which was held following this year´s Annual General Meeting in 
Hamburg. Dr. Rolf Bierhoff had earlier stepped down as a member of 
the Supervisory Board. Mr. Tanti, Chairman of the Indian wind turbine
manufacturer, Suzlon, succeeds Mr. Bertrand Durrande (AREVA S.A.), 
who had been Chairman of the Supervisory Board since February 2006 
and is from today Vice Chairman of the Supervisory Board.
Now that the takeover bid for the Hamburg-based company has been 
concluded, Suzlon controls 87 percent of the REpower voting rights. 
In conjunction with the Suzlon Group, REpower Systems AG intends to 
position itself quickly in the worldwide rapidly expanding wind 
energy market: to do so, it is essential to procure components 
quickly and to secure the financing for major projects such as 
offshore wind farms. The incorporation of the Suzlon Group by Tulsi 
Tanti, the new Chairman of the Supervisory Board, is expected to make
a considerable contribution to the company´s sustainable growth and 
to securing the German sites and jobs in the long-term.
This year, Tulsi Tanti attended his first REpower Annual General 
Meeting in Hamburg as a major shareholder in REpower Systems AG. At 
the meeting, the shareholders of the company once again declared 
their support. All items of the agenda were adopted with clear 
majorities according to the recommendations of the Management Board 
and the Supervisory Board. Only around 63 percent of the voting 
capital was represented at the Annual General Meeting. One portion of
the shares which were offered to Suzlon during the takeover bid could
not be transferred in time to meet the deadline for registration.
In his speech, REpower´s CEO Prof Fritz Vahrenholt emphasised the 
importance of rapidly developing the offshore industry for Germany: 
"We have prepared for this development with our REpower 5M offshore 
turbine. By the end of 2011, we aim to have produced between 200 and 
250 turbines of this type. We laid the foundation for achieving this 
with the decision to construct production facilities in Bremerhaven."
He continued: "Another important component of our corporate strategy 
is to open up new markets, now with a partner like Suzlon." Moreover,
in view of the current lack in German engineers, he calls on the 
Federal Government and the Federal States to abolish tuition fees for
engineering courses of studies: "Not just this country, but also 
REpower needs more engineers."
end of announcement                               euro adhoc 21.06.2007 15:59:20

Further inquiry note:

Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Börse Frankfurt / regulated 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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