At meeting on December 9, 2014, the Supervisory Board of PNE Wind AG resolved to file an application in accordance with 103 para. 3 AktG (Stock Corporation Act) with the competent court for the removal of Mr. Volker Friedrichsen from PNE WIND AG's Supervisory Board, unless he voluntarily gives up his mandate in the short term. The basis for this decision is that Mr. Volker Friedrichsen - the sole shareholder of the Volker Friedrichsen Beteiligungs-GmbH - is exposed to a permanent conflict of interest following the decision taken to assert claims for damages in connection with the acquisition of the shareholding in WKN AG.

Another conflict of interest arises from the competing activities of reconcept GmbH, Hamburg, whose sole shareholder is the Volker Friedrichsen Beteiligungs-GmbH, according to Section 5.5.3 S.2 of the German Corporate Governance Code. Rejected were the proposed Supervisory Board resolutions to remove Mr. Dieter K. Kuprian as Chairman of the Supervisory Board as well as the resolution to send a request to the competent court to remove Mr. Dieter K. Kuprian as a member of the Supervisory Board.