Letter by the CEO of SolarWorld AG
Bonn, July 12, 2013
Dear holders of SolarWorld bonds,
SolarWorld AG invites you to the second and decisive Noteholders’ Meetings to Bonn for August 5 and 6, 2013. After the previous meetings in July, which should have decided on the restructuring concept, did not, as expected, constitute a quorum, the investors have a last opportunity to help the restructuring concept to succeed.
Please attend and safeguard your interest – either personally or by giving power of attorney.
Please examine our offer thoroughly. We have done everything possible to present you with a very solid and cooperative offer.
Under our restructuring plan, everyone with an interest in SolarWorld can contribute, but also receive something in return. As a noteholder, we are offering you collateralized repayment of a partial debt, the value of which is significantly above the current bond price. You will receive shares for the remaining portion, which in the case of a positive development for SolarWorld could recover or exceed the original value of the bonds.
However, the entire concept can only function if you use your right of codecision, register for the Noteholders’ Meeting, or give power of attorney. Only then can the restructuring turn out positively and to your benefit.
The SolarWorld assignable note loan holders have already approved the concept. The Management Board and Supervisory Board stand behind it. A strategic investor and I, personally, are ready to invest in the company to provide you with an opportunity for a recovery.
Thank you for your support.
Dr.-Ing. E. h. Frank Asbeck