2012-10-17

Lydia Sommer is the new Chief Financial Officer of SMA Solar Technology AG


DGAP-News: SMA Solar Technology AG / Key word(s): Change of Personnel
SMA Solar Technology AG: Lydia Sommer is the new Chief Financial
Officer of SMA Solar Technology AG

17.10.2012 / 18:49

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SMA Solar Technology AG - Corporate News

Lydia Sommer is the new Chief Financial Officer of SMA Solar Technology AG

Niestetal, October 17, 2012 - The Supervisory Board of SMA Solar Technology
AG (SMA/FWB: S92) has appointed Lydia Sommer to the company's Managing
Board. From November 1, 2012, Ms. Sommer will take over responsibility for
Finance and Legal from Pierre-Pascal Urbon, who was previously responsible
for these areas as part of his combined role as Speaker of the Managing
Board and Chief Financial Officer. As Speaker of the Managing Board,
Pierre-Pascal Urbon will concentrate on the business strategy and
internationalization. Lydia Sommer comes from the Siemens Group, where she
has held various management positions in the field of finance and
controlling both in Germany and abroad.

In order to systematically grasp the emerging opportunities in foreign
photovoltaic markets within a difficult market environment, the Supervisory
Board has decided to once again increase the SMA Managing Board from four
to five members. 'Given the changed underlying conditions in the
international photovoltaic markets, the rigorous implementation and further
development of the business strategy and SMA's continued
internationalization are decisive for the company's long-term success,'
explains Pierre-Pascal Urbon. 'The enlargement of SMA's Managing Board
enables me to focus fully on these aspects.'

'With Lydia Sommer we now have - in addition to our proven executive team -
another experienced international manager who will take over Finance and
Legal,' explains Günther Cramer, chairman of the Supervisory Board of SMA
Solar Technology AG. 'While Pierre-Pascal Urbon will set the strategic
course for the company's future success, Ms. Sommer will develop the
company's financial independence and press ahead with the cost
optimization.'

As of November 1, 2012, the Managing Board of SMA Solar Technology AG will
comprise the following members: Pierre-Pascal Urbon (CEO, Strategy), Jürgen
Dolle (Human Resources, Operations), Roland Grebe (Technology), Lydia
Sommer (Finance and Law) and Marko Werner (Sales).

About SMA
The SMA Group generated sales of EUR1.7 billion in 2011 and is the global
market leader for solar inverters, a key component of all PV plants and,
as an energy management group, offers innovative key technologies for
future power supply structures. It is headquartered in Niestetal, near
Kassel, Germany, and is represented in 21 countries on six continents. The
Group employs more than 5,500 people worldwide, plus a number of temporary
employees that varies on a seasonal basis. SMA's broad product portfolio
includes a compatible inverter for every type of module on the market and
for all plant sizes. The product range includes both inverters for
photovoltaic plants connected to the grid as well as inverters for off-grid
systems. SMA is therefore able to provide ideal technical inverter
solutions for all plant sizes and types. Since 2008, the Group's parent
company, SMA Solar Technology AG, has been listed on the Prime Standard of
the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent
years, SMA has received numerous awards for excellence as an employer and
achieved first place in the nationwide 'Great Place to Work(R)' competition
in 2011 and 2012.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
Presse@SMA.de

Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de

Investor Relations contact:
Julia Damm
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR@SMA.de

Disclaimer:
This corporate news serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.

This corporate news can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the Managing
Board of SMA Solar Technology AG (SMA or company) has available at this
time. Future-oriented statements are therefore only valid on the day on
which they are made. Future-oriented statements by nature contain risks and
elements of uncertainty. Various known and unknown risks, uncertainties and
other factors can lead to considerable differences between the actual
results, the financial position, the development or the performance of the
corporation and the estimates given here. These factors include those which
SMA has discussed in published reports. These reports are available on the
SMA website at www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


End of Corporate News

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17.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart


End of News DGAP News-Service
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189149 17.10.2012

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133