Ad-hoc Press Release pursuant to Section 15 of the German Securities Trading Act: Ph

Sulzemoos, 12 December 2006 / In the context of a private placement, with partial use of the approved capital for 2006 and to the exclusion of the pre-emptive rights of existing shareholders, Phönix SonnenStrom AG (ISIN DE000A0BVU93) has placed 552,000 new no-par bearer shares with institutional investors. As a result, the share capital has risen from EUR 5,525,000 to EUR 6,077,000. The new shares are to be admitted to trading on the official market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus and will be entitled to a profit share as from 1 January 2006. Through the capital increase the company has generated gross proceeds of EUR 7,341,600. The funds thus obtained are to be used to grow the company as planned and for the ongoing internationalisation of the Group.


About Phönix SonnenStrom AG:

Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading systems supplier in the German and European photovoltaic sectors. The company currently has around 100 employees and generated sales of EUR 111 million in 2005. Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. As part of its internationalisation strategy, it acquired a participation in a solar company in Italy in January 2006, and in April 2006 it founded its Spanish subsidiary Phoenix Energía Solar. The shares of Phönix SonnenStrom AG (ISIN DE000A0BVU93) are traded on the official market (Prime Standard) on the Frankfurt Stock Exchange.


Disclaimer

The content of this press release is for information purposes only and is not intended to constitute a recommendation for investment or a solicitation to subscribe to or an offer to buy or sell securities of the company. Phönix SonnenStrom AG shall undertake no liability whatsoever for any loss in connection with this press release or the information contained therein. This also particularly applies to any eventual loss in connection with the shares of Phönix SonnenStrom AG.

This document contains forward-looking statements on future developments which are based on management's current assessment. Words such as "anticipate", "assume", "believe", "estimate", "expect", "intend", "can/could", "plan", "project", "forecast", "should", and similar terms are indicative of such forward-looking statements. Such statements are subject to certain risks and uncertainties which are mainly outside the sphere of influence of Phönix SonnenStrom AG, but which have an impact on the business activities, the success, the business strategy and the results. These risks and factors of uncertainty include, for instance, climatic change, changes in the state subsidisation of photovoltaics, the introduction of competitor products or technologies of other companies, the development of the planned internationalisation of business activities, fierce competition as well as rapid technological change in the photovoltaic market. If one of these or other factors of uncertainty or risks should occur, or if the assumptions underlying the statements should prove incorrect, the actual results may diverge substantially from the results cited or implicitly indicated in these statements. Phönix SonnenStrom AG does not have the intention nor will it undertake any obligation to realise forward-looking statements on an ongoing basis or at a later point in time as this is entirely dependent on the circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the dissemination of this press release and the information contained therein may be restricted or prohibited under the law. This press release is therefore expressly not intended for persons resident in the United States of America or any other legal system under which such an offer or solicitation is not permissible, or for persons for whom such an offer or invitation would constitute a breach of the law.



Your Contact:

Phönix SonnenStrom AG
Hirschbergstraße 8
D-85254 Sulzemoos

Anka Leiner
Investor Relations
Tel. +49 (0)8135 938 - 315
Fax +49 (0)8135 938 - 399
e-mail: Leiner@SonnenStromAG.de>Leiner@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de

Online press kit - all press releases from Ph

---

Press photos for editorial use only
Note: For the content of this press release the issuer / publisher of the release is »Ph« responsible.