Reinecke + Pohl Sun Energy AG issues convertible bonds from up to 30 million EUR

Hamburg, April 06 2006: As of 2007, Reinecke + Pohl Sun Energy AG plans to attain considerably higher results in turnover and yield than as assumed up to now. Last month, the Company was able to generate further growth potential, within an uttermost dynamic market environment, through the conclusions of long-term module supply agreements. In this case, a supply volume of 162 MWp was been agreed upon with "Baoding Yingli", China's largest manufacturer of solar modules and a volume of 155 MWp was agreed upon with "Bangkok Solar", Thailand's largest manufacturer of thin film modules, both agreements being valid until 2010. From these supply relationship, the Company anticipates turnover potential of over 900 million EUR. Furthermore, the Company is currently negotiating with other module suppliers, to be able to increase future supply volumes. "Through the recently concluded, large-volume supplier agreements and further contracts yet to be closed, we have, as a company, excellently positioned ourselves within the presently very tense market of solar module procurement", says Martin Schulz-Colmant, Speaker of the Board of Reinecke + Pohl Sun Energy AG, and continues, "On this basis, we shall again be able to significantly widen our path of growth. Our Company's objective is to achieve a leading market position in the field of industrial system integration for photovoltaic facilities."

The required funding for the preliminary financing of these future module deliveries shall be assured by the proceeds of the announced convertible bonds. Furthermore, Reinecke + Pohl Sun Energy AG's Executive Board additionally plans to accelerate the company growth with these proceeds. In particular, the meanwhile successful entry into the margin-strong Spanish photovoltaic market shall be massively expanded. In addition, a further objective of Reinecke + Pohl Sun Energy AG is to utilize the additional funding for the acquisition of further companies and thus, in turn, again expanding growth and results of the Company.

The issuance of convertible bonds with subscription rights is intended with an emission volume of up to 30 million EUR. The Company assumes, that the earnings per share (EPS) will improve, due to the accelerated company growth after calculating in the additional shares.

The Shareholders will be granted an indirect subscription right via the VEM Aktienbank AG in Munich. A trade in subscription rights shall not take place. Details concerning the furnishing of convertible bonds and the rights offer will be presumable announced in mid-April.

Contact: Reinecke + Pohl Sun Energy AG
Susanne Kostorz
ABC-Strasse 19
20354 Hamburg
Tel. +49 (0) 40 / 696528-134
Fax: +49 (0) 40 / 696528-58
E-Mail: kostorz@rpse.de www.rpse.de">kostorz@rpse.de
Internet: http://www.rpse.de
Reinecke + Pohl Sun Energy AG
ISIN: DE0005250708
WKN: 525070 Regulated Market (Frankfurt Stock Exchange- General Standard; Düsseldorf Stock Exchange)
Xetra (continuous trading)

About Reinecke + Pohl Sun Energy AG:
Reinecke + Pohl Sun Energy AG, with its headquarters in Hamburg, are one of the leading market companies for photovoltaic facilities in the field of industry and agriculture. As a manufacturer-independent system provider, the Company plans and installs photovoltaic facilities and sells these turnkey-ready to institutional and private investors.

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