CHORUS Clean Energy AG: Majority of CHORUS shareholders accept the takeover offer of Capital Stage AG

14. September 2016

CHORUS Clean Energy AG ('CHORUS'), based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, announces that as of today more than 50 percent of the CHORUS Clean Energy AG ('CHORUS') shareholders have accepted the voluntary public takeover offer by Capital Stage AG.

• Acceptance ratio of 50 percent plus one share exceeded
• Companies continue envisaged combination
• CHORUS shares can be tendered in further acceptance period

Neubiberg/Munich, September 14, 2016 - HORUS Clean Energy AG ('CHORUS'), based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, announces that as of today more than 50 percent of the CHORUS Clean Energy AG ('CHORUS') shareholders have accepted the voluntary public takeover offer by Capital Stage AG. The pre-agreed minimum acceptance ratio has thus been reached prematurely and the essential closing condition of the transaction is thereby fulfilled.

'We are pleased to see that the majority of our shareholders has accepted the exchange offer of Capital Stage before the acceptance period ends. Therewith they build the foundation for the combination of both companies. This gives us tailwind to become one of the leading independent operators of solar and wind parks in Europe, together with Capital Stage', says CEO Holger Götze.

The exchange offer is arranged by way of a share exchange. CHORUS shareholders receive five (5) Capital Stage shares for each three (3) CHORUS shares. The acceptance period will end at midnight (CET) on September 16, 2016. CHORUS shareholders who have not tendered their shares until then have the opportunity to accept the exchange offer within an additional, legally prescribed acceptance period. The additional acceptance period will prospectively start on September 22, 2016 and end at midnight (CET) on October 5, 2016.

CHORUS shareholders that have decided not to accept the exchange offer will keep their CHORUS shares. These shares will be tradable after the execution of the transaction until further notice. Depending on the final acceptance ratio of the exchange offer, the free float trading volume will decrease. Share price level, liquidity and tradability of the shares may be affected and strong price fluctuations cannot be ruled out.

About CHORUS
CHORUS Group was founded in 1998 and operates 93 solar and wind parks with a capacity of more than 510 megawatts in seven European countries. With a broadly diversified portfolio, the company generates stable, dependable, and sustainable returns. For professional investors, CHORUS offers investment opportunities in power plants that generate renewable energy. CHORUS Clean Energy AG covers the entire investment cycle - from asset sourcing via financial and legal due diligence to operational management and divestment.

Important information
This announcement is neither an offer to exchange nor a solicitation of an offer to exchange CHORUS Clean Energy AG shares, but rather contains a mandatory statement according to the WpÜG in relations to a public takeover offer. Moreover, this announcement is neither an offer to purchase nor a solicitation to purchase Capital Stage AG shares. The terms and further provisions regarding the Takeover Offer are disclosed in the Offer Document approved by the German Federal Financial Supervisory Authority. Investors and holders of CHORUS Clean Energy AG shares are strongly recommended to read the Offer Document and all announcements in connection with the public takeover offer as they contain or will contain important information.
Contact Us:
Stephan Castenholz (Investor Relations)
CHORUS Clean Energy AG
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E-mail IR(at)chorus.de