Ad-hoc Release pursuant to Section 15 of the German Securities Trading Act - Ph

Sulzemoos - In its meeting today, the Supervisory Board of Phönix SonnenStrom AG (ISIN DE000A0BVU93) approved the intention of the Board of Directors to put forward a proposal for the payment of dividend to the Annual General Meeting to be held on 25 May 2007. This would be the first time that dividend is to be paid since the company was founded. The dividend to be paid from the balance sheet profit of EUR 6.089 million of the company as per 31 December 2006 would amount to EUR 0.10 per share.


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


About Phönix SonnenStrom AG

Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading photovoltaic systems supplier. In the financial year 2006, the Phönix SonnenStrom Group generated sales of EUR 119 million in Germany and abroad.
Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. The Group is a market leader in photovoltaic systems technology. The focus of activities is on consistent reduction of system costs. With a sales network covering the whole of Germany, and subsidiaries in Spain and Singapore, as well as a participation in Italy, the Group currently has over 100 employees. The shares of Phönix SonnenStrom AG (ISIN
DE000A0BVU93) are listed on the regulated market (Prime Standard) on the Frankfurt stock exchange.


Disclaimer

The content of this press release is solely for information purposes and is not intended to constitute a recommendation for investment or a solicitation to subscribe or an offer to buy or sell securities of the company. Phönix SonnenStrom AG shall undertake no liability whatsoever for any loss in connection with this press release or the information contained therein.
This also applies particularly to any eventual loss in connection with the shares of Phönix SonnenStrom AG.

This document contains forward-looking statements on future developments which are based on management’s current assessment. Words such as “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “can/could”, “plan”, “project”, “forecast”, “should”, and similar terms are indicative of such forward-looking statements. Such statements are subject to certain risks and uncertainties which are mainly outside the sphere of influence of Phönix SonnenStrom AG, but which have an impact on the business activities, the success, the business strategy and the results. These risks and factors of uncertainty include, for instance, climatic change, changes in the state subsidisation of photovoltaics, the introduction of competitor products or technologies of other companies, the development of the planned internationalisation of business activities, fierce competition as well as rapid technological change in the photovoltaic market. If one of these or other factors of uncertainty or risks should occur, or if the assumptions underlying the statements should prove incorrect, the actual results may diverge substantially from the results in these statements or implicit indications. Phönix SonnenStrom AG does not have the intention nor will it undertake any obligation to realise forward-looking statements on an ongoing basis or at a later point in time as this is entirely dependent on circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the dissemination of this press release and the information contained therein may be restricted or prohibited under the law. This press release is therefore expressly not intended for persons resident in the United States of America or any other legal system under which such an offer or solicitation is not permissible, or for persons for whom such an offer or invitation would constitute a breach of the law.


Sulzemoos, 28 March 2007

Publication and Reproduction permitted; please send a specimen copy to
Phönix SonnenStrom AG.


Attention editorial offices: For further questions please contact Mrs.
Anka Leiner, Investor Relations Phönix SonnenStrom AG.

Hirschbergstr. 8
D-85254 Sulzemoos
Tel: 08135-938-315
Fax: 08135-938-399
E-mail: Leiner@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de

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