September 29, 2008

Mainz, Germany: SCHOTT Solar AG Sets IPO Price Range

Further details for the planned IPO have been determined by SCHOTT Solar AG, the current shareholder SCHOTT AG as well as the Joint Global Coordinators and Joint Bookrunners Commerzbank, Deutsche Bank and J.P. Morgan.

The price range for subscriptions is between €14.50 and €19.50 per share.

A total of up to 33,673,684 shares will be offered. This total number breaks down into 28,000,000 shares from a cash capital increase resolved by the company´s general shareholders´ meeting on September 12, 2008, up to 1,473,684 shares held by the current shareholder SCHOTT AG, which will be making these available solely for preferential allocation within the framework of the employee participation program, plus an additional total of up to 4,200,000 shares under a greenshoe option, the latter shares also being provided by the current shareholder.

Assuming full placement of the capital increase within the price range now set, SCHOTT Solar AG will achieve gross issue proceeds between €406.0 million and € 546.0 million. With all shares fully placed and the greenshoe option fully exercised, the free float will be roughly 40.1 percent.

The total issue size will amount to up to €656.6 million.

Further details about: SCHOTT Solar AG