AGO AG Energie + Anlagen: Fully placed at EUR 7.00 per share

+++ Placing price of EUR 7.00 at the upper end of the price range

+++ Several times oversubscribed

+++ First listing probably on June 28, 2007

Kulmbach, June 22, 2007: The shares of AGO AG Energie + Anlagen (Security Code Number WKN: A0LR41; ISIN: DE000A0LR415), a specialist in biomass cogeneration plants, are being issued at a price of EUR 7.00 for admission to trading in the Entry Standard segment of the Open Market. The shares were therefore priced at the upper end of the announced range of EUR 6.00 to 7.00. It is planned for the AGO shares to be first listed on June 28, 2007.

The shares of AGO AG Energie + Anlagen were fully placed within the subscription period from June 18 to 22. The transaction was several times oversubscribed, so it was not possible for all orders received to be considered. During the roadshow the company’s business model met with strong international interest. Helmut Peetz, COO of AGO AG Energie + Anlagen commented: “That our capital increase was heavily oversubscribed underscores the confidence in AGO AG Energie + Anlagen and its profitable business model. In particular, this includes the focus on the operation of energy supply systems for industrial customers.”

A total of 1.43 million shares were placed in the initial public offering, with 1.3 million shares stemming from a capital increase and the other 130,000 from a greenshoe. The company realised gross proceeds of EUR 9.1 million from the placement. Hans Ulrich Gruber, CFO of AGO AG Energie + Anlagen commented: “The proceeds from the IPO are to be invested primarily in the construction and operation of biomass combined heat and power plants. We are currently in concrete negotiations on a number of promising projects.”

The transaction is being handled by quirin bank AG as Lead Manager and Close Brothers Seydler AG as Selling Agent.

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.