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Thursday, March 19, 2009

Q-Cells SE confirms figures for fiscal year 2008 andpublishes its Annual Report

Q-Cells SE confirms figures for fiscal year 2008 andpublishes its Annual Report

Bitterfeld-Wolfen, 19 March 2009 – Today, Thursday, 19 March 2009, Q-Cells SE (QCE; ISINDE0005558662) presents its Annual Report for 2008 at the press conference in Frankfurt/Main.

Thecompany therewith confirms its preliminary figures of 24 February 2009.
With a production volume of 570.4 MWp in its core business, Q-Cells SE was again the world’s largestmanufacturer of solar cells last year. Sales rose by 46 % to € 1,251.3 million (previous year:€ 858.9 million). EBIT, which was depressed to a much greater degree in the previous fiscal year bythe start-up costs of new technologies and the new production facility in Malaysia, grew by 4 % to€ 205.1 million (2007: € 197.0 million). Net income for the year totalled € 190.6 million, which isan increase of 28 % on the figure for the previous year of € 148.3 million.

Excluding the contributionfrom the investment in Renewable Energy Corporation ASA (REC) net income for the year stood at€ 140.3 million (€ 127.2 million). Q-Cells has therefore successfully continued its expansionarycourse in the past year.

In addition to commissioning the final section of Line V in the first half of the year, the sixthproduction line was commissioned at the Bitterfeld-Wolfen site in the fourth quarter of 2008 allowingtotal cell capacity to be increased to 760 MWp. The new fab in Malaysia, on which constructionstarted in the second quarter of 2008, will launch the making of its first solar cells in Q2 this year. Inaddition to expansions in the core business, two of the thin-film subsidiaries or investments startedmass-production last year. Both Sontor GmbH and Solibro GmbH continued their ramp-up successfullyin the fourth quarter of 2008. Work also began on expanding capacity at Solibro to a total of 135 MWp(currently 30 MWp) in the fourth quarter. Across the Group, Q-Cells created a total of 861 new jobsthrough its expansion, which means that the company employed 2,568 individuals in total at the endof last year.


The Annual Report 2008 and an up-to-date presentation of the Company are available for downloadingin the Investor Relations section of Q-Cells SE’s website (www.q-cells.com).Contact information:Q-Cells SEOT ThalheimSonnenallee 17 - 2106766 Bitterfeld-Wolfen, Germanywww.q-cells.comInvestor Relations:Stefan LissnerPhone: +49-(0)3494-6699 10101investor@q-cells.comPublic Relations:Stefan DietrichPhone: +49-(0)3494-6699 10111presse@q-cells.com



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