REpower plans a temporary increase in the working week to 41.5 hours

Hamburg, 13 September 2005. In order to secure its German production sites, REpower Systems AG is planning to introduce cost saving measures as part of the “RE-Act” restructuring programme which are targeting a reduction in personnel costs.

In pursuit of this objective, the Board of Management of REpower Systems AG has developed a proposal in cooperation with the union representatives during intensive wage negotiations. However, the union has refused to approve significant aspects of the proposal. Following further negotiations at operational level with the works councils at the REpower locations at Husum (Schleswig Holstein) and Trampe (Brandenburg), an agreement was reached at Trampe that provides for a temporary increase in the working week as well as a temporary wage reduction for all employees, which is to be realised by reducing the 13th month salary during 2005 and 2006. In return, staff have been issued with guarantees of employment until 31 December 2007. This agreement will now be submitted for approval at the other locations.

The CEO of REpower Systems AG, Prof. Dr. Fritz Vahrenholt, says: “We are confident that this sustainable concept will be widely accepted by our employees. A temporary increase in the working week to 41.5 hours– the current working hours will be reinstated from 01 January 2008 – will enable us to secure all jobs at the company. This is important to us because we want our German operation to remain competitive compared with international manufacturers”.


About REpower:

REpower Systems AG is active in the wind power industry. The company's range of business services includes the system development, licensing, production and marketing of wind turbines. This is supplemented by a comprehensive after sales service. Because of its presence in the decisive stages of the value creation chain, REpower has powerful overall competence in wind energy. With more than 560 employees, the company headquartered in Hamburg can rely on its experience in the production and installation of a lmost 1,300 wind turbines worldwide. The high-quality, technologically sophisticated turbines are designed in the deve lopment centre in Rendsburg and produced in the plants in Husum (North Frisia) and Trampe (Brandenburg). The inte rnationally expanding company is represented through subsidiary companies and joint ventures in France, Greece, Great Britain, Italy, Portugal and Spain as well as in Australia.

Contacts:
REpower Systems AG
Daniela Puttenat
Corporate Communications &
Public Relations
Phone:+49 - 40 - 53 93 07- 14
Fax: +49 – 40 – 53 93 07– 37
E-mail: d.puttenat@repower.de>d.puttenat@repower.de

Thomas Schnorrenberg
Investor Relations
Phone:+49 - 40 - 53 93 07- 23
Fax: +49 - 40 - 53 93 07- 77
E-mail: t.schnorrenberg@repower.de>t.schnorrenberg@repower.de

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