Company Profile For Phoenix Solar AG

Phoenix Solar AG is a Germany-based company engaged in the photovoltaic sector. The Company is active in two business segments. In the Components and Systems segment, Phoenix Solar offers system solutions and support in planning, logistics services and additional services, such as training, to resellers, electrical installation businesses, electrical retailers and wholesalers, heating/sanitary and roofer companies, as well as solar retailers. The Power Plants segment provides planning services, turnkey construction and maintenance of power plants to private individuals, as well as customers from the retail market, industry, commerce and local authorities, among others. As of December 31, 2008, Phoenix Solar AG operated through nine subsidiaries, located in Germany, Greece, Spain, Singapore, Italy and Australia.

BRIEF: For the nine months ended 30 September 2009, Phoenix Solar AG's total revenue decreased 19% to EUR246.1M. Net loss for the period totaled EUR3.9M, vs. a profit of EUR21.9M. Total revenue reflects a decrease in demand for the Company's products and services, especially in the Power Plants business segment. Net loss for the period reflects lower gross profit and operating margins, as well as increased financial expenses.