Material Related Party Transactions

In the first three months SolarWorld Group did not receive any toll manufacturing services from associated companies (first quarter 2009: € 4.8m), whereas it provided project services amounting to € 2.9 million (first quarter 2009: € 0.2m) to associated companies. In addition, in the first three months, SolarWorld Group granted a short-term loan to an associated company in a net amount of € 7 million (first quarter 2009: € 0m). In this connection, interest income of € 0.1 million (first quarter 2009: € 0m) was recognized.

In the first three months fixed assets and toll manufacturing services in amount of € 27.1 million (first quarter 2009: € 8m) were purchased from joint venture companies. Furthermore, SolarWorld Group sold goods and provided miscellaneous services to joint venture companies amounting to € 3.7 million (first quarter 2009: € 3.2m). Additionally, in the first three months, SolarWorld Group granted a loan to a joint venture company in amount of € 16 million (first quarter 2009: € 0m). In this connection, interest income of € 0.02 million (first quarter 2009: € 0m) were recognized.

Apart from these transactions there were no related party transactions with a material effect on the net assets, financial position and results of operations of SolarWorld Group.