AGO AG Energie + Anlagen: Specialist for biomass cogeneration plants announces initial public offering

+++ Initial listing in Entry Standard expected on June 28, 2007 +++

+++ Subscription period from June 18 to June 22, 2007 +++

+++ Bookbuilding range: Euro 6.00 to Euro 7.00 +++

Kulmbach, June 18, 2007: AGO AG Energie + Anlagen (SCN: A0LR41; ISIN: DE000A0LR415) is planning the initial listing of its shares in the open market of the Frankfurt stock exchange in the Entry Standard for June 28, 2007.

Up to 1,430,000 bearer shares will be available for purchase by interested investors within the Federal Republic of Germany as part of an initial public offering and in other European countries as a private placement. Up to 1,300,000 shares will be created by a capital increase and a further 130,000 are being provided as a greenshoe by the current major shareholder caverion GmbH (formerly M+W Zander). The price range is between Euro 6.00 and Euro 7.00. After completion of the capital increase AGO’s share capital will amount to Euro 4.0 million – divided into 4 million no-par-value shares with a pro rata share of capital of Euro 1 and full dividend rights for the financial year 2007.

The transaction is being managed by quirin bank AG as the lead manager and Close Brothers Seydler AG as the selling agent. Interested investors can place bids at their custodian bank from June 18 to June 22, 2007. The final placement price will be determined on June 22, 2007.

By going public, the specialist for biomass cogeneration plants will further strengthen its market position and advance its growth strategy. The proceeds will primarily be used to extend its position as an energy supply plant operator in the industrial client segment. In line with this, it expects to invest in a number of biomass cogeneration plants. By operating the plants, the Company is also planning to generate ongoing sales growth and increase its profitability. In addition to increasing energy efficiency for customers, AGO AG Energie + Anlagen also focuses on emission rights trading. In its more than 25-year corporate history, AGO AG Energie + Anlagen has successfully implemented around 2,000 reference projects in the fields of energy supply, heat engineering and cryogenics. In the financial year 2006 it generated sales of Euro 41.0 million and EBIT of Euro 1.2 million.

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.