OTS0011 5 WA 0267 OTB0002 WB Mi, 10.Dez 2003
euro adhoc / Board of Directors (Appointments and Changes)

euro adhoc: sunways AG / Board of Directors (Appointments and Changes) / Sunways AG: CFO Bernd Fessler is leaving (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Constance, 10 December 2003 - Bernd Fessler (36), CFO of Sunways AG (ISIN DE0007332207), will leave the company as of 31 December 2003. Until further notice, he will act as an adviser to Sunways.

Sunways AG is still experiencing a strong growth phase. Recently, there were differences of opinion between the supervisory board and Bernd Fessler with respect to the company’s further strategic development and the details of the expansion of its distribution activities. As no understanding could be reached, Mr. Fessler is leaving the company of his own accord and by mutual agreement.

"We very much regret Mr. Fessler’s decision and would like to thank him for his valuable services", stated Dr. Roland Bahr, chairman of the supervisory board.

Fessler joined the company in October 2000 and was instrumental in the public offering and stock exchange listing of Sunways in February 2001.

Further inquiry note:
Investor Relations
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de
Tel: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
Email: info@sunways.de

Emittent: sunways AG Macairestr. 3 - 5 DE-78467 Konstanz Tel: +49 (0)7531 99677 0 FAX: +49 (0)7531 99677 10 Email: info@sunways.de WWW: http://www.sunways.de ISIN: DE0007332207 WKN: 733220

end of announcement euro adhoc

Indizes: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Alternative energy
Sprache: Englisch

***OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS***

OTS0011 2003-12-10/08:25