Events after the conclusion of the period under review

On February 17, 2009, the Supervisory Board passed a resolution to appoint Dr. Marc Sielemann as a deputy member of the Company’s Management Board (subject to the condition precedent of his accepting this office by no later than July 1, 2009) for a period commencing with the discharge of this condition precedent and expiring on December 31, 2012. Dr. Sielemann will be taking office on April 1, 2009.

In January 2009, three members of the Company’s Supervisory Board, who had been elected at the annual general meeting on May 27, 2008, resigned. These were Dr. Hans. W. Fechner effective February 23, 2009, b) Mr. Yves Schmitt effective February 27, 2009 and c) Dr. Hans Seifert also effective February 27, 2009. Upon the petition by the Management Board dated February 18, 2009, the commercial register of the local court of Rostock provisionally appointed Mr. Uwe Lüders effective February 24, 2009 and Dr. Wolfgang Ziebart and Dr. Dieter G. Maier both effective February 28, 2009 to the Company’s Supervisory Board for a period expiring on the date of the Company’s next annual general meeting in two rulings dated February 24 and March 2, 2009.

This year, numerous OECD countries and emerging markets have established extensive economic stimulus programs to avert or at least alleviate the threatened recession. Analysts at HSBC estimate that the entire package of tax allowances, loans and advances has a value of some EUR 2.2 trillion. Of this, some EUR 340 billion has been earmarked for renewable energies, particularly in China (approx. EUR 175 billion) and the United States (approx. EUR 90 billion). In Europe, Germany is at the forefront with an amount of around EUR 11 billion. At the beginning of March, the Chinese government announced an increase in the total funding volume, stating that the measures taken had already resulted in stronger domestic demand.


Branches
The head offices of Nordex Aktiengesellschaft are located in Rostock. The Company maintains a branch in Norderstedt, which is the seat of Nordex AG’s main administration.

Rostock, March 2009