Q-Cells SE achieves agreement in principle with bondholders

Bitterfeld-Wolfen, Germany

Following the 24 January 2012 release in which the Company indicated it would pursue a two-step financial restructuring, significant bondholders of the 2012, 2014 and 2015 bonds (Bondholders) have reached a mutually beneficial agreement that they believe will create maximum value for all bondholders and the Company by eliminating the uncertainty and risk inherent in a two-step process. The Bondholders along with the Company believe the one-step comprehensive debt reduction they have agreed to, will unlock significant value for all stakeholders by providing the Company

Source: IWR Online, 02 Feb 2012