| REpower board nod for $1.02 bn Suzlon bid |
| Our Web Bureau / Mumbai March 7, 2007 |
| The supervisory board and management board of REpower Systems AG (WKN 617703) have published their joint reasoned opinion concerning the takeover offer of Suzlon WindenergieGmbH, which had been submitted to REpower on 28 February. Both the boards have approved the offer of Suzlon, which provides a takeover price of EUR 126.00 pershare (equalling a total value of EUR 1.02 billion), and recommend to accept the offer as for REpower, Suzlon would be an appropriate strategic partner for the accelerated growth of the international windenergy industry and as the offer is EUR 21.00 higher than AREVA |
