REpower gains further strategic investor - AREVA group acquires 21 percent of share capital

Hamburg, 28 September 2005. REpower Systems AG (WKN 617 703) has gained a major new strategic investor with AREVA, a leading supplier of clean energy technologies. The AREVA group’s Supervisory Board approved the acquisition of 21 percent of the share capital of wind turbine manufacturer REpower. Some of the shares come from the sale of the portfolio of RE-DKW Beteiligungsgesellschaft mbH, which is owned by the Chairman of the Supervisory Board, Dr. Klaus Detlef Wulf.

With power station capacities in more than 40 countries and a sales volume of EUR 11.1 billion, AREVA is one of the world’s leading companies in the energy sector. The group can call on high levels of expertise in the area of generators and current transfer as well as a worldwide service network. The entry of the AREVA energy group will allow REpower to further extend its leading position in the wind sector and means the company is well positioned to benefit from the strong growth expected in the next few years, particularly in the offshore area.

Prof. Fritz Vahrenholt, CEO at REpower Systems AG, says: “In addition to the stable partnership with the Portuguese Martifer group, in AREVA we now have a further strategic investor that will contribute to REpower Systems AG’s sustained growth and help safeguard the long-term future of our German locations. The combination of REpower turbines and AREVA’s strength in the market promises high synergies in the joint supply of energy to the global wind energy market.”


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 internationally expanding company is represented through subsidiary companies and joint ventures in France, Greece, Great Britain, Italy, Portugal and Spain as well as in Australia.


About AREVA:

The AREVA group reported sales of EUR 11.1 billion and an operating profit of more than EUR 613 million in 2004. With total assets of more than EUR 24 billion and 70,000 employees in more than 100 countries, AREVA is one of the world’s leading power station constructors. AREVA’s mission is the CO²-free generation and distribution of cleaner, safer and more economical electricity. AREVA is an innovative manufacturer of nuclear power stations and is an important player in the area of electricity transmission and system software. AREVA has already gained initial experience in the area of wind energy through its subsidiary Jeumont and a direct - drive 750 kW machine.

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

Internet: http://www.repower.de

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