March 31, 2014

Press Release No. 1

News about Suzlon Energy Limited

The media had reports that "Suzlon eyes Rs 10k Cr LSE Listing for arm" and "Suzlon to acquire US based Company".

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Suzlon Energy Limited has vide its letter inter-alia stated,"Suzlon is exploring various options to rebalance its capital structure and accordingly we would relook at our capital structure during the next financial year (FY 2014-15). With reference to the media reports, it remains our policy to not to comment on what is market rumour and speculation.

As regard news item, "Suzlon to acquire US based company", we wish to clarify that Suzlon in merely buying a US based SPV company ('Big Sky') owning certain assets which were sold by Suzlon to Big Sky and which were partially finances by Suzlon through a loan and which is now in default."