Suzlon shareholding in REpower increased to 83.4%

Suzlon Energy announced on Friday that the Company and the Martifer Group have agreed on the third and final payment of Euro 175mn, as per the following payment plans, for the sale of Martifer's final 16.79% stake held in REpower Systems AG to Suzlon:

* Approximately Euro 87.6mn on May 28, 2009, which has since been paid; and
* Approximately Euro 87.6mn to be paid on June 05, 2009.

Post payment of May 28, 2009, Suzlon's shareholding stands increased to 83.43% in REpower. And upon conclusion of the balance payment on June 05, 2009, Suzlon will control 90.72% of shares in REpower.