Identification
Listing sponsor / Agent

<p>
BANQUE DEGROOF</p>

ISIN code
BE0003865822
Exchange / Market
Euronext Growth
Trading location
Brussels
ICB
Electricity
Activity description

<p>
Since its creation in 2001, Air Energy has for activity the development of wind projects and the constitution of subsidiary companies charged to exploit these wind parks. So far, Air Energy has created 4 subsidiaries: les Vents de l&#39;Ornoi SA in 2003 (which exploits the wind park of Gembloux / Sombreffe including 6 wind mills and generates a total nominal nominal output of 9 MW), les Vents de Perwez SA in 2004 (which exploits the wind park of Perwez including 5 wind mills and generating a total nominal nominal output of 7,5 MW), Electrastar SA in 2005 (which exploits the wind park of Marbais including 8 wind mills and generating a total nominal nominal output of 16 MW) and Electricit&eacute; du Bois du Prince SA in 2006 (who will exploit the windpark Fosses-la-Ville/Mettet which will include 11 wind mills and will generate a total nominal nominal output of 22 MW) and Sky Sweeper SA in 2007 (which exploits the wind park of Pont-&agrave;-Celles including 8 wind mills and generating a total nominal nominal output of 16 MW).</p>

Issuer website
http://www.airenergy.be
Operation
IPO date
IPO price
14.20 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Trading of the shares: Euronext Brussels received an application for listing all the shares representing the capital of Air Energy i.e. 3,885,000 shares and 735,000 strips VVPR on Alternext Brussels. 3,150,000 are existing shares and 735,000 shares are issued following the increase in capital, which is the object of the public offer. The admission to trading of the shares and strips VVPR on Alternext Brussels shall take place on 22 March 2007. The shares and the strips VVPR will be traded on Alternext Brussels on a &quot;as-if-and-when-issued&quot; basis** as from the first cotation date up to and including the expected delivery date. Listing of the Strips VVPR issued by Air Energy SA Euronext Brussels announces that, from 22/03/2007, the Strips VVPR described below issued by Air EnergySA will be listed on Alternext. (ie notice for details) ** When Issued: according to the terms of the offering described in the prospectus, investors have to be aware that the offered shares must be delivered on 26/03/2007. Euronext Brussels has will cancel all transactions realized on Alternext Brussels if the offered shares are not delivered on 26/03/2007. The attention of the public is drawn upon the fact that, from the first listing of the shares on Alternext Brussels and until 26/03/2007, it has to take into account the eventuality as described above for every operation that it intends to realise through Euronext or over the counter.</p>

Operation description
Operation calendar

<p>
- Date of approval of the prospectus by the CBFA: 06/03/2007 - Opening of the Offer: 14/03/2007 - Closing of the Offer: 20/03/2007 - Allocation of the shares: 22/03/2007 - Publication of the results: 22/03/2007 - Payment-Settlement-delivery date: 26/03/2007 - 1st Trading date on NSC: 22/03/2007</p>

Price range
12.70 euros - 14.30 euros
Broker to issue

<p>
BANQUE DEGROOF</p>