polyczyno_poland_upper

Highlights 2011

Confirmation of the results published in relation to the Q4 results for 2011: – 2011 profit of EUR 11.3M – 32% increase in pro-forma consolidated revenue for 2011 to EUR 46.8M – 35% increase in pro-forma consolidated revenue for 2011 including revenue from associates to EUR 56.5M – 726% increase in pro-forma consolidated EBITDA before impairment for 2011 to EUR 19M – 313% increase in pro-forma consolidated EBITDA before impairment for 2011 including EBITDA from associates to EUR 26M.

Growth in production and capacity: – 67% increase in gross production for 2011 to 358.1 GWh – 31% increase in gross installed capacity to 290 MW.

Outlook for 2012: In relation to the publication of the Annual Report 2011, the Management foresees the following range of projections for 2012: – Net production: 375 – 390 GWh – Gross capacity: 380 MW – Revenues (incl. associates): EUR 72 – 80M – EBITDA (incl. associates): EUR 43 – 48M – EBITDA margin: 60%.