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Shareholder Letter 2017

Dear shareholders!

You hold an interest in the only listed solar EPC operating worldwide. The abbreviation stands for "Engineering, Procurement and Construction” – in other words, the turnkey planning and delivery of high-performing utility-scale photovoltaic systems.

We are again on track to sustainable profitable growth and pleased you are accompanying us on this path. Dialog with shareholders in our company is important to us in this context.

For this reason, we would encourage you to use your shareholding to also become actively involved.

Please enable us to structure closer contact with you, contact you more frequently and perhaps be able to welcome you personally to our next Shareholders' General Meeting.

If you you are ready to accept this you are invited to contact our investor relations office.

We will raffle off three Apple iPads worth around € 400 each to all shareholders who participate in person at the Shareholders' General Meeting or are represented there by proxy.

Some information about the position and prospects for our company can be found on this page.

We would like to thank you warmly for your commitment and involvement.

Tim P. Ryan                                                                Manfred Hochleitner
Chief Executive Officer                                            Chief Financial Officer

Making energy together