Q-Cells SE files for insolvency proceedings

Q-Cells SE will file for insolvency proceedings onTuesday, 3 April 2012, at the competent Insolvency Court in Dessau.Against the background of the final ruling of the Frankfurt Higher Regional Court in the Pfleiderercase on March 27, 2012, the company had come to the conclusion that no going concern prognosisis given anymore.

Following an intensive review of alternative concepts for the implementation of the financialrestructuring, the Executive Board has reached the conclusion that a going concern of the companycannot be restored on a sufficiently secure legal basis. Therefore the filing for insolvencyproceedings is legally necessary.The Executive Board and the preliminary insolvency administrator will work together to secure thecontinuity of the company within the insolvency proceedings.

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