PVCS Pv Crystalox Solar Plc

RNS Number:1021Y
PV Crystalox Solar PLC
11 June 2007


NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN.


This announcement is an advertisement and not a prospectus and investors should
not subscribe for or purchase any shares referred to in this announcement except
on the basis of information in the prospectus which was published by PV
Crystalox Solar PLC on 6 June 2007 in connection with a listing on the London
Stock Exchange (the "Prospectus"). Copies of the Prospectus are available from
the Company's registered office and the offices of Norton Rose, 3 More London
Riverside, London SE1 2AQ.


11 June 2007


                             PV CRYSTALOX SOLAR PLC
                Announcement of admission to the main market of
                           the London Stock Exchange


PV Crystalox Solar PLC ("PV Crystalox Solar", the "Company" or "the Group"),
one of the world's leading independent developers and producers of solar-grade
silicon products for solar electricity generation systems, today announces that
its shares have been admitted to the Official List and will begin unconditional
trading on the London Stock Exchange's Main Market at 8:00am GMT today under the
ticker symbol PVCS.

Iain Dorrity, Chief Executive PV Crystalox Solar PLC, said: "We are delighted
with the success of our Placing and the opportunities a London main market
listing will bring. The demand for our shares demonstrates the confidence that
we can continue to build on our success in the fast growing PV sector."


For further information contact:

PV Crystalox Solar PLC                                  Tel: +44 (0)1235 770 044
Iain Dorrity, Chief Executive Officer
Peter Finnegan, Chief Financial Officer
Dr Hubert Aulich, Executive Director, German Operations Tel: +49 (0)361 600 8512


JPMorgan Cazenove                                       Tel: +44 (0)20 7588 2828
Nick Garrett
Alex Yule-Smith


Gavin Anderson & Company                                Tel: +44 (0)20 7554 1400
Kate Hill
Robert Speed


Notes to Editors

PV Crystalox Solar, initially established in the UK in 1982, is a highly
specialised supplier to the world's leading solar cell manufacturers, producing
multicrystalline silicon ingots and wafers for use in solar electricity
generation systems. The Group was one of the first to develop multicrystalline
technology on an industrial scale, setting the industry standard for ingot
production.

The Group manufactures silicon ingots in Oxfordshire, United Kingdom, with the
majority of its output shipped to Japan, where it is sold either as ingots or as
wafers after processing by a sub-contractor. The balance of its output is
processed into wafers for European customers at the Group's facilities in 
Erfurt, Germany.

In 2006 the Group produced silicon wafers and ingots corresponding to a solar
electricity generation capacity of 215 MWp. As at the end of 2006 the Group had
available production capacity equivalent to 288 MWp and employed around 200
staff. The Group has an established record of delivering strong financial
performance. The Group recorded revenues of Euro242 million and pre-tax profits of
Euro49 million for the year, an increase of 32% and 56% respectively on the
previous year. The Group has been consistently profitable over the last five
years, and has trebled its sales over that period.

PV Crystalox Solar intends to use the proceeds from the listing to help fund the
construction and development of its own polysilicon production facility in
Bitterfeld, Germany to provide greater flexibility in sourcing its silicon
feedstock, as well as the expansion of the Group's existing business. The
facility, which will require fixed capital investment of approximately Euro80
million, is expected to commence operation in 2009 and be producing 1,800 metric
tonnes of polysilicon in 2011. Subject to fulfilling certain conditions, the
Group is eligible for government grants of Euro20 million.

-ends- 


This announcement and the information contained herein is not for publication,
distribution or release in, or into, directly or indirectly, the United States,
Canada, Australia, Japan or to US persons. The information contained herein does
not constitute an offer of securities for sale in any jurisdiction, including in
the United States, Australia, Canada, Japan.

This announcement, for which PV Crystalox Solar and its directors are solely
responsible, has been approved by JPMorgan Cazenove solely for the purpose of
section 21 of the Financial Services and Markets Act 2000.

JPMorgan Cazenove, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting for PV Crystalox Solar and no one
else in connection with the offering referred to in this announcement (the "
Offering") and will not be responsible to any other person for providing the
protections afforded to their respective clients or for providing advice in
relation to the Offering.

This announcement does not constitute a recommendation concerning the Offering.
The value of securities can go down as well as up. Past performance is not a
guide to future performance. Potential investors should consult a professional
adviser as to the suitability of any Offering for the individual concerned.

The securities under the Offering are not being registered under the United
State Securities Act of 1933, as amended and may not be offered or sold in the
United States or to or for the account or benefit of US persons (as such terms
are defined in Regulation S under such Act) absent registration or an exemption
from registration.


Stabilisation/FSA





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