DGAP-Ad hoc: SolarWorld

DGAP-Adhoc: SolarWorld AG: Forecast for fiscal year 2016 will not be achieved

SolarWorld AG / Key word(s): Change in Forecast/Profit Warning

21.10.2016 20:08

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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SolarWorld AG: Forecast for fiscal year 2016 will not be achieved

The Management Board of SolarWorld AG announces that the company will achieve its shipment forecast of an increase of more than 20 percent compared with the previous year, but it does not expect to fulfil its forecasts regarding revenue and earnings before interest and taxes (EBIT).

After massive installations of solar systems in the first half of 2016, the domestic demand in China collapsed due to the reduction of feed-in tariffs in Q3 2016. In return, Chinese manufacturers have offered their inventories at dumped prices on the global market, which has resulted in a global price decline.

Contact:

SolarWorld AG Investor Relations Phone: +49 228 55920-470; Fax: +49 228 55920-9470, Email: placement@solarworld.com; Web: www.solarworld.de/en/investor- relations

21.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.com Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------