The Prospectus regarding the rights issue in PV Enterprise is now available on this website under Investor Relations (Swedish Only), and on Remium website www.remium.com (Swedish only).

The prospectus announces PV Enterprise’s financial goals. The board of PV Enterprise has established the following financial goals for the company:

Revenue growth
PV Enterprise’s annual revenue will exceed market growth.

Operating Margin
PV Enterprise’s operating margin (EBIT) in 2012 shall amount to 5 percent.

For more information:
Johan Seeman, CEO of PV Enterprise Sweden AB
Phone: +46 (0) 70 556 75 70
johan.seeman@pvesweden.se

Feed-in tariff changes are to negatively impact photovoltaic (PV) installations in France, Belgium, Spain and Czech Republic in 2011, according to a new report from iSuppli Corp. However, the robust and stronger than expected growth of the German market for 2010 and 2011 will keep overall installations figures up compared with previous years. The market research firm expects worldwide installations in 2010 will amount to 15.8GW up from iSuppli’s previous outlook of 14.2GW, representing 118.7% growth from 7.2GW installed in 2009. In 2011 installations will amount to 19.3GW, down slightly from its previous forecast of 20.2GW.

“Germany’s solar business—the world’s largest market—grew at an extraordinary rate in the second quarter of 2010, causing PV installations to exceed expectations during the first half of the year,” said Stefan de Haan, senior analyst, for iSuppli. “In the first half, Germany installed 3.9GW worth of solar systems. Germany’s surprising performance was driven by excellent investment conditions and demand pull-forward prior to a cut of the country’s Feed-in-Tariff (FIT) incentive program in July.”

The strong market performance next year is expected to by a seasonal slowdown in installations during the first six months of 2011, with module prices declining enough to stimulate demand.

“The solar market frequently suffers a slowdown in the first quarter of a year, and 2011 will be no exception,” de Haan said. “This deceleration will cause inventories of PV solar modules to rise—and pricing for solar modules to drop, boosting sales for the entire year.”

The market research firm is expected average worldwide pricing for crystalline solar modules to decline by 9% in the first quarter and by 6% in the second quarter.

The result will produce system prices of €1.9 to €2.7 euros per watt in Germany—depending on the system size. Once this level is reached, demand will pick up again.

iSuppli is reiterating its expectation of a strong market in Germany next year with 9.4GW worth of new installations.

Source: http://www.pv-tech.org/

More information: http://www.ecobuild.co.uk/

“We are seeing strong demand for solar panels from our partners in Europe. At the moment the major limitation is the capacity of production and delivery” said PVE’s CEO Johan Seeman.

For more information:
Johan Seeman, CEO of PV Enterprise Sweden AB
Phone: +46 (0) 70 556 75 70
johan.seeman@pvesweden.se

• Rights Issue undertaken in order to finance further expansion and allow for PV Enterprise to take advantage of larger procurements.
• Guaranteed new share issue of SEK 32.9 million with preferential rights for PV Enterprise shareholders.
• Two (2) existing shares in PV Enterprise provides the right to subscribe for one (1) new share at a subscription price of SEK 6.50.
• The subscription period runs from November 26 until 10 December 2010.
• The company has received subscription commitments and guarantees equal to 100 percent of the rights issue which means that the rights issue is fully underwritten.

“We are experiencing strong demand for our products on the market which offers good business opportunities for PV Enterprise. This guaranteed rights issue strengthens working capital while the Company receives a significant increase in credit facilities and they form a good base for continued growth. “, Says Johan Seeman, CEO of PV Enterprise.

Background and rationale

PV Enterprise has in 2010 undergone a process of change which means that the company’s focus has shifted from being production oriented to being market oriented. As part of this process PV Enterprise increased the company’s flexibility and competitiveness by outsourcing manufacturing to low cost countries. Furthermore, the product portfolio has been strengthened by new solar panels which are produced more rational, at a lower cost and with no loss of quality. The reduction in manufacturing costs have led to increased competitiveness of PV Enterprise markets, therefore, the Company has successfully managed to process much larger projects than before.

As a result of the change that PV Enterprise is undergoing, the Company has received several orders. Since 17 June 2010 PV Enterprise has received and published orders for deliveries of solar modules with a total value of SEK 221 million to the Czech Republic, Slovakia and Italy. During the period July – September 2010 increased PV Enterprise sales to SEK 135.5 million, compared with SEK 19.6 million last year. In addition, the Company announced that sales and earnings during the period October to December 2010 is expected to exceed the results for the period July-September 2010.

To ensure continued high growth rates and enable the next step in the expansion of PV Enterprise, PV Enterprise needs to get the equity ratio strengthened paving the way for significant increases in credit facilities. Expectations of higher sales volumes will require funding for order financing and to ensure subsupplier contracts. The Company also intends, through issue proceeds to expand its market position in other parts of the value chain. This step increases the company’s competitiveness and create opportunities to increase improve profitability.

Issue terms

Holders of existing shares have preferential rights to subscribe for new shares in proportion to the number of shares held of record as of 24 November 2010. For every share of PV Enterprise is entitled to one (1) subscription. Two (2) subscription rights entitle the holder to subscribe for one (1) new share. The subscription price is set at SEK 6.50 per share, representing a discount of approximately 52% compared to the last price paid on 5 November 2010. The total proceeds amount to more than 32.9 million dollars. The subscription period runs from November 26, 2010 until 10 December 2010.

After the rights issue will PVE Enterprise’s share capital will increase by more than SEK 2 529 320.5, from SEK 5 058 641.5 to a maximum of SEK 7 587 962, the issue of up to 5,058,641 shares. The number of shares will thus increase from 10,117,283 shares to a maximum of 15,175,924 shares, which results in a maximum dilution of 33.3 percent.

In the event that all shares not subscribed for with primary preferential rights, shareholders subsidiary preferential rights to the remaining shares. There will also be possible to subscribe for shares without preferential rights.

TUnderwriting commitments and guarantees

Bo Ekström (Symeco AB) and Roger Haraldsson, PV Enterprise’s two largest shareholders, together holding approximately 35 percent of the capital and votes, have committed to subscribe for their pro rata shares in the new issue. The company has received subscription commitments and guarantees from a number of investors, including both shareholders, employees and outside investors who are not shareholders. Total amounts received subscription commitments and guarantees to SEK 32.9 million, equivalent to 100 percent of the total issuance.

Indicative timetable for the rights issue

Regarding all other information PV Enterprise refer to the coming prospectus relating to the guaranteed rights issue.

Financial Advisor

Remium AB is acting as financial advisor and Kilpatrick Townsend Stockton LLP as legal advisor to PV Enterprise in connection with the transaction.

For more information

Johan Seeman, VD PV Enterprise Sweden AB

Telefon: +46 (0)70 556 75 70

johan.seeman@pvesweden.se

About PV Enterprise

PV Enterprise is one of Sweden’s leading developers and manufacturers of solar panels. The company was founded in Blekinge in 2002 and is proud of its Swedish heritage. Technical know-how, a desire to always develop and evolve and an uncompromising approach to quality and service are the hallmarks of the company. The company’s shares are traded on the NASDAQ OMX First North.

Important information

Publication or distribution of this announcement in certain jurisdictions may be restricted by law and persons in those jurisdictions where this press release, publication or distributed should inform themselves about and observe such restrictions.

This press release may not be published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Australia, New Zealand, South Africa or other country where such measure wholly or partially subject to legal restrictions. The information in this press release be forwarded, reproduced or disclosed in ways that conflict with such restrictions. Failure to observe this instruction may constitute a violation of the United States Securities Act of 1933 (”Securities Act”) or applicable laws of other jurisdictions.

This press release does not constitute an invitation or offer to acquire, subscribe for or otherwise deal in shares, warrants or other securities in PV Enterprise. Invitation to interested persons to subscribe for shares in PV Enterprise will only be made through the prospectus as PV Enterprise intends to publish about 24 November 2010, and this Prospectus will contain financial statements and other information about PV Enterprise board of directors and auditors.

Neither the subscription rights, the paid subscription shares or new shares will be registered under the Securities Act or any provincial law in Canada and may not be offered or sold in the U.S. or Canada or to a resident or for such persons other than in exceptional casesthat does not require registration under the Securities Act or any provincial law in Canada.

Certified Adviser in Nasdaq OMX First North

Thenberg & Kinde Fondkommission AB

Tel. +46 (0)31 745 50 00

“Solar Energy is growing in a fast pace in our European main markets and we therefore expect a continued strong sales in Q4: a,” says PVE’s CEO John Seeman

“Italy is a very exciting market where we can see a strong inflow of projects and we have high expectations that this will continue to generate good business during the quarter,” said PVE’s CEO John Seeman.

– The new production capacity that was started in the spring is substantially trimmed so that we can deliver substantially higher volumes. At the same time we have succeeded in reducing production costs per watt significantly, adds Johan Seeman.

“Autumn has started well for the company and we are continuing our successes in the Czech Republic and Slovakia. We have also started our sales channels in Italy, where we can see great opportunities.” said PVEs CEO Johan Seeman.

“Slovakia and the Czech Republic are two exciting markets where we have made great progress over the last months, and where we see good prospects for further business during the autumn months”, comments PVE CEO John Seeman.

Please direct any questions to

Johan Seeman, CEO, PV Enterprise Sweden AB
Mobile: +46 (0) 705 56 75 70
johan.seeman@pvesweden.se

Please direct any questions to

Johan Seeman, CEO, PV Enterprise Sweden AB
Mobile: +46 (0) 705 56 75 70
johan.seeman@pvesweden.se