XI
SUMMARY OF RULES REGARDING RESOLUTIONS OF HOLDERS ....................................................... 196
Specific Rules regarding Votes without Meeting ..................................................................................... 196
Rules regarding Noteholders’ Meetings applicable to Votes without Meeting ........................................ 198
GUARANTEE..................................................................................................................................................... 200
OFFER, SUBSCRIPTION AND SALE OF THE NOTES ................................................................................. 206
The Offer .................................................................................................................................................. 206
Subscription through the Subscription Box .............................................................................................. 206
Offer Period .............................................................................................................................................. 208
Allotment .................................................................................................................................................. 208
Delivery and Settlement ........................................................................................................................... 208
Issue Price, Interest and Yield .................................................................................................................. 210
Issue, Number of Notes to be issued and Result of the Public Offer and the Institutional Offer .............. 210
Underwriting ............................................................................................................................................. 210
Costs of the investors in connection with the Offer .................................................................................. 210
Selling Restrictions ................................................................................................................................... 212
TAXATION ........................................................................................................................................................ 216
Taxation in Luxembourg .......................................................................................................................... 216
Taxation in the Federal Republic of Germany .......................................................................................... 224
EU Savings Tax Directive ........................................................................................................................ 228
GLOSSARY ........................................................................................................................................................ 230
FINANCIAL SECTION ....................................................................................................................................... F-2
Condensed Unaudited Consolidated Interim Financial Statements of 3W Power Holdings S.A. in
accordance with IFRS for the Nine Month Period of 1 January 2010 to 30 September 2010 ................... F-6
Audited Consolidated Financial Statements of 3W Power Holdings S.A. (formerly 3W Power
Holdings Limited and Germany1 Acquisition Limited respectively) in accordance with IFRS as at
31 December 2009 ................................................................................................................................... F-58
Unaudited Consolidated Pro-Forma Income Statement of 3W Power Holdings S.A. (formerly 3W
Power Holdings Limited and Germany1 Acquisition Limited respectively) in accordance with
IFRS for the Year ended 31 December 2009 ......................................................................................... F-168
Audited Financial Statements of 3W Power Holdings S.A. (formerly 3W Power Holdings Limited
and Germany1 Acquisition Limited respectively) in accordance with IFRS for the Period from In-
corporation on 21 May 2008 to 31 December 2008 .............................................................................. F-180
Condensed Unaudited Unconsolidated Financial Statements of AEG Power Solutions B.V. in ac-
cordance with Dutch GAAP for the Nine Month Period ended 30 September 2010 ............................. F-220
Audited Unconsolidated Financial Statements of AEG Power Solutions B.V. (formerly 3W Power
Holdings B.V. and Power Supply Systems Holdings (The Netherlands) B.V. respectively) in ac-
cordance with Dutch GAAP as at 31 December 2009 ........................................................................... F-254
Audited Consolidated Financial Statements of AEG Power Solutions B.V.(formerly 3W Power
Holdings B.V. and Power Supply Systems Holdings (The Netherlands) B.V. respectively) in ac-
cordance with IFRS as at 31 December 2008 ........................................................................................ F-300
SIGNATURES ..................................................................................................................................................... S-2
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