PV Crystalox



11 January 2010

PV Crystalox Solar plc 

("the Group")

Year End Trading Update

Trading in the period since our Interim Management Statement on 19 November 2009 ("the November Statement") has been in-line with management expectations.  

Volumes through to the end of the year benefited from incentive programmes in certain key end markets, although pricing remained under pressure. The Group announces that wafer shipments for the full year were 239 MW which marginally exceeded the upper end of the guidance of 230-235 MW provided in the November Statement.  As expected the Group ended the year with a strong cash position.  

The Group's directors continue to believe that our longstanding relationships with major PV companies, strong balance sheet and continuing focus on cost reduction and operating efficiency gives the Group resilience to compete effectively in the current uncertain market environment. Accordingly, we are well placed to benefit from any sustained upturn in the PV market.

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