Ph

- Change to Prime Standard
- Company is investigating capital increase to accelerate expansion of international activities


Sulzemoos, 23 May 2006 / Phönix SonnenStrom AG (ISIN DE000A0BVU93) intends to have its total share capital admitted to trading in Prime Standard on the Frankfurt Stock Exchange. In addition, the company is investigating the option of a capital increase from approved capital, while granting the pre-emptive rights of shareholders, for the purpose of financing its internationalisation strategy as well as for the procuring and securing of solar modules and strengthening business ties with suppliers.

Phönix SonnenStrom AG is one of Europe's largest photovoltaic system suppliers. At the start of January 2006, the company bought a stake of 49 percent in the Italian systems company RED 2002, and at the end of April 2006 it founded a subsidiary in Spain. When a strategically suitable opportunity arises, the company plans to invest in other countries as well.

The shares of Phönix SonnenStrom AG have been traded OTC on the stock exchanges of Frankfurt am Main, Munich, Stuttgart and Berlin-Bremen since November 2004. Since July 2005, the company has been listed in the M:access quality segment of the Munich stock exchange, thus fulfilling the more stringent reporting requirements. HSBC Trinkaus & Burkhardt have acted as designated sponsor for the seamless trading of the share in the electronic trading system XETRA on the Frankfurt am Main Stock Exchange since December 2005.

This is an English translation of the German original. Only the German original is binding.

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About Phönix SonnenStrom AG:

Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading systems supplier in the German and European photovoltaic sectors. The company designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. As part of its internationalisation strategy, it acquired a participation in a solar company in Italy in January 2006, and in April 2006 it founded its Spanish subsidiary Phoenix Energía Solar. In 2005, Phönix SonnenStrom AG received the "Bayerns Best 50" and "Europe's 500" awards in recognition of its rapid growth. On 17 May 2006, the company was awarded the Bavarian Founders' Prize in the "Vision" category. The shares of the Phönix SonnenStrom AG (ISIN DE000A0BVU93) are traded OTC on the stock exchanges of Frankfurt, Munich, Stuttgart, Berlin/Bremen and in the electronic trading system XETRA. Phönix SonnenStrom AG has been listed in the M:access quality segment of the Munich Stock Exchange since July 2005.


For more information please contact:

PhönixSonnenStrom AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos
Tel.: + 49 (0) 8135 – 938-315
Fax: + 49 (0) 8135 – 938-399
e-mail: Leiner@SonnenStromAG.de">Leiner@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de

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