Ad hoc: 3W Power S.A. coopts four new members to the Board of Directors and appoints Dr. Dirk Wolfertz Chairman of the Board of Directors and Jeffrey Casper Chief Restructuring Officer

, Luxembourg/Zwanenburg, The Netherlands


The Board of Directors of 3W Power S.A. (Prime Standard, ISIN LU0953526265, 3W9), the holding company of AEG Power Solutions B.V. (AEG PS), a global provider of power electronics systems and solutions for industrial power supplies and renewable energy applications, today announced that Dr. Mark Woessner has informed the Company of his decision to step down from the Board of Directors with immediate effect. Furthermore, the Board of Directors has resolved, pursuant to Article 18.1 of the Articles of Association of the Company, to fill by cooptation the vacancies on the Board of Directors resulting from the resignation of Mr. Harris Williams, Mr. Lawrence Lavine and Mr. Christopher Minnetian and Dr. Mark Woessner. The Board of Directors has coopted Dr. Dirk Wolfertz, Mr. Willi Bernd Loose, Mr. Klaus Schulze and Mr. Bernd Luft who will fill the vacancies until the next general meeting of shareholders. The Board of Directors appointed Dr. Dirk Wolfertz to replace Mr. Bruce Brock as Chairman of the Board of Directors.

The Board of Directors of 3W Power S.A. today also appointed Mr. Jeffrey Casper Chief Restructuring Officer (CRO). His key tasks will include the implementation of an operational turn- around program, cash management and negotiations with the Group’s capital providers. Jeffrey Casper will assume this role in addition to his position as CFO of AEG Power Solutions.

 

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About 3W Power/AEG Power Solutions:

3W Power S.A. (WKN A1W2L4 / ISIN LU0953526265), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9). AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, and DC systems. Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids. AEG PS’ global footprint includes 22 subsidiaries, offices and competence centers around the world with 1,600 employees.

For more information, visit www.aegps.com

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange sany securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power. 3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.

YOUR CONTACT 
Christian Hillermann

Hillermann Consulting - Investor Relations

AEG Power Solutions

Phone: +49 (0)40 32 02 79 10
Email: office(@)hillermann-consulting.de

Katja Buerkle

Director Investor Relations

AEG Power Solutions

Phone: + 31 20 4077 854
Email: investors(@)aegps.com

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