OFFERING MEMORANDUM Global Offering of up to ... - Nordex

Company has already invested approximately EUR 2,931 thousand in Nordex Energy GmbH and Nordex
Rotor GmbH, principally in property, plant and equipment. Future investments will be financed
primarily from funds accruing from the Offering.
Insurance Policies
The Company believes that the companies of the Nordex Group have adequate insurance coverage. The
Nordex Group has insurance coverage for fire/loss of business due to fire, legal liability, transport and
automobile risks through master agreements concluded by Babcock Borsig AG for itself and all of its
affiliated companies. These affiliate agreements remain in effect unchanged from the time the Nordex
Group ceases to be a member of the Babcock Borsig Group until the next annual maturity date on
September 30, 2001, although Nordex AG may terminate the policies earlier if desired. The Company
believes that it will be able to conclude new insurance policies with the same or similar terms and
conditions. In addition, Nordex Energy GmbH and Südwind Energy GmbH have concluded an assembly
insurance agreement. Nordex Energy GmbH and Südwind Energy GmbH have two year warranty
insurance for all wind turbines. These insurance policies cover damage such as material construction
and assembly faults, to the extent the Nordex Group is liable (see ‘‘Risk Factors—Legal Risk—Insurability
of Risks’’).
Real Estate and Real Property
The administrative office of Nordex AG is located in rented offices at Bornbrach 2, 22848 Norderstedt
(near Hamburg), Germany. Nordex Energy GmbH’s production facilities are located at Erich-
Schlesinger-Str. 50, 18059 Rostock, Germany and 7323 Give, Svindbaek, Denmark. Nordex Rotor
GmbH’s manufacturing plant for rotor blades is also located at Erich-Schlesinger-Str. 50, 18059
Rostock.
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