Reasoned opinion of REpower Systems AG: Support of increased takeover offer of AREVA

Hamburg, 20 March 2007. Today, the supervisory board and management board of REpower Systems AG (WKN 617703) have published their joint reasoned opinion concerning the increased takeover offer of AREVA Group which had been submitted to REpower on 15 March.

Therein, supervisory board and management board both approve the offer of AREVA, which provides a takeover price of EUR 140.00 per share (equalling a total value of about EUR 1.14 billion) and recommend to accept the offer as for REpower, AREVA would be an appropriate strategic partner for the accelerated growth in the international wind energy industry and as the offer is EUR 14.00 higher than Suzlon’s competing offer which provides a share price of EUR 126.00 per share.

The complete reasoned opinion is available on an internet website under the address www.repower.de (quick link “information about the takeover offers of AREVA and Suzlon”).