AGO AG: Completion of current order volume in excess of € 60.0 million in 2011

• Order backlog of € 55.0 million on 31 December 2010
• Incoming orders of € 12.0 million on 31 January 2011
• Excellent liquidity of just under € 10.0 million on 31 December 2010
• Extremely positive outlook for 2011

Kulmbach, 4 February 2011: Today, AGO AG Energie + Anlagen (WKN: A0LR41, ISIN: DE000A0LR415) is publishing the key figures on the company’s current situation.

Order backlog amounted to around € 55.0 million on 31 December 2010. The Company plans to complete all these orders in financial year 2011. The majority of order backlog results from AGO AG’s project business with suppliers. Roughly € 8.0 million of the current order backlog pertain to the Plant Operation division. After completion, the Group expects regular sales of almost € 3.0 million a year.

Incoming orders, amounting to around € 12.0 million on 31 January 2011, are also planned to be finalised in financial year 2011. Current incoming orders include the large order from Stadtwerke Kiel for € 10.0 million and orders from the business divisions Services and Consulting Services totalling approximately € 2.0 million.

“After a difficult 2010, we expect an extremely positive financial year 2011. At the end of last year, we were able to conclude the legal dispute with a customer in Alperstedt, which will save us roughly € 1.0 million annually. The increase in profit margins in the Project Development division since summer 2010 will result in earnings rising steeply. In addition, preliminary figures indicate liquidity of just under € 10.0 million on 31 December 2010, which will provide us with sufficient flexibility to cement the further growth of AGO AG. We expect to announce further orders for the implementation of energy centres,” said Hans Ulrich Gruber, CFO of AGO AG Energie + Anlagen.

The Company plans to publish the preliminary figures for financial year 2011 in March 2011.

About AGO AG Energie + Anlagen

AGO AG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers and municipalities. Main focus of AGO AG Energie + Anlagen is laid on the following business divisions: plant development and implementation, as well as service and consulting. The core competence of the company mainly commits to thermal power stations, to heating, cooling and ventilation technology plant construction, biomass cogeneration plants and trigeneration. Site studies and development, consulting in energy efficiency, resource and fossil fuel management as well as emission trade management – these factors complete the business model. AGO symbolizes efficiency, security and technological competence of your energy supply facilities.