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22 January 2007 -- The largest single shareholder of REpower Systems AG, French Areva S.A., announced today its intention to make a friendly takeover offer to all shareholders of REpower Systems AG, a German offshore and onshore wind turbine manufacturer. This offer represents a cash offer of €105 per share and a premium of 44 percent on the three-month average of the stock price.

REpower's executive board will review the offer and publish its opinion. REpower release a statement welcoming Areva's commitment to "create a worldwide centre of competence for wind energy in Germany".

"REpower and AREVA have successfully worked together in various business fields for a long time and we have also known the company as our major shareholder with a stake of nearly 30 per cent for over one year," said REpower CEO Fritz Vahrenholt. "Our co-operation until now has shown that AREVA supports our strategy and will accelerate our future growth through their commercial and financial strength. This is why we believe that AREVA -- as one of the leading companies in the energy sector -- is the right partner for us."

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