Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content
of this announcement.

Details of the person subject to the disclosure requirement
Last name: Gosemann
First name: Oliver

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: Share Phoenix Solar AG
ISIN/WKN of the financial instrument: DE000A0BVU93
Type of transaction: Buy
Date: 25.05.2012
Price: 1.73
Currency: EUR
No. of items: 5700
Total amount traded: 9861
Place: Lang & Schwarz (SHAL)

Information about the company with duty of publication

Issuer: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
ISIN: DE000A0BVU93
WKN: A0BVU9

End of Directors' Dealings Notification
(c) DGAP 25.05.2012

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ID 15300


(END) Dow Jones Newswires

May 25, 2012 09:00 ET (13:00 GMT)