DGAP-Adhoc: PETROTEC AG: Member of the supervisory board of main shareholder resigns

PETROTEC AG / Change of Personnel/Change of Personnel

18.09.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement pursuant to section 15 German Securities Trading Act
(WpHG)

Announcement of the resignation of the member of the Supervisory Board of
the main shareholder

Borken, September 18th, 2008 – On the occasion of the IC Green Energy
Ltd.'s acquisition of Petrotec AG shares held by Petrotec S.à r.l. by IC
Green Energy Ltd., the member of Petrotec AG's Supervisory Board, Christoph
Neizert informed the Petrotec AG Supervisory and Management Board that he
is resigning from his office as member of the Supervisory Board with effect
as of the transfer of Petrotec AG shares held by Petrotec S.à r.l. to IC
Green Energy Ltd. As Managing Director of Warburg Pincus Deutschland GmbH
Christoph Neizert is the representative of the major share holder Petrotec
S.à r.l. The Management Board of Petrotec AG regrets the decision and
thanks Christoph Neizert for his efforts on behalf of the Company and the
at all times constructive cooperation.

Disclaimer
This press information constitutes neither an offer to buy or to sell
shares or other securities issued by Petrotec AG, nor a solicitation of
offers to buy or subscribe to securities. The shares offered during the IPO
have already been placed.

About Petrotec
Since November 2006, Petrotec AG has been listed in the Prime Standard
segment of the Frankfurt Stock Exchange under WKN PET111, ISIN
DE000PET1111. Petrotec is one of the pioneers of the German biodiesel
industry. The company started as early as 1998 with the development of a
process to produce biodiesel from used frying and deep-frying oil.
Petrotec’s first industrial biodiesel production plant went turn-key in
2000. Petrotec’s proprietary technology is capable of transforming virgin
vegetable oils such as rapeseed, soybean or palm oil as well as
hard-to-process oils and fats such as used cooking oils, animal fats and
oils or fish oil in a single fully continuous process into biodiesel and,
thus, is truly a multi-feedstock technology. The annual capacity of the
plant in Borken (Westphalia), Germany, is 85,000 t biodiesel. In the first
half of 2008 a second production has commenced operations in the deep-sea
port of Emden with an annual capacity of 100,000 t. Unlike many of its
competitors, Petrotec in its ongoing operations has for years now primarily
produced biodiesel from used cooking oils in a fully continuous process.
Treated used cooking oils as feedstock for biodiesel production is cheaper
to procure than the rapeseed oil predominantly used by Petrotec's rivals in
Europe. This enhances Petrotec's cost-competitiveness over other
manufacturers of biodiesel, as 80 to over 90 percent of biodiesel
production costs relate to raw materials.

For further information, please contact
Petrotec AG
Falk von Kriegsheim
Head of Investor Relations / Public Relations
Fürst-zu-Salm-Salm Strasse 18
46325 Borken
Germany
Tel +49 (0)2862 910060
Fax +49 (0)2862 9100760
Mobil +49 (0)173 6291344
f.kriegsheim@petrotec.de
www.petrotec.de

End of document
DGAP 18.09.2008 
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Language:     English
Issuer:       PETROTEC AG
              Fürst-zu- Salm-Salm-Str. 18
              46325 Borken-Burlo
              Deutschland
Phone:        +49 (0)2862 9100 19
Fax:          +49 (0)2862 9100 99
E-mail:       info@petrotec.de
Internet:     www.petrotec.de
ISIN:         DE000PET1111
WKN:          PET111
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News                                     DGAP News-Service
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