Suzlon Energy Updates

Suzlon Energy Ltd has informed that the Supervisory Board of ReEpower Systems AG, Germany ("REpower"), has approved changes in both the membership of the Supervisory Board and the Executive Board.

Dr. Hans-Joachim Reh and Dr. Jorge Martins will resign from the Supervisory Board with effect from January 01, 2008. Prof. Fritz Vahrenholt, the present CEO and Chairman of the Executive Board of REpower will withdraw from his day-to-day operational business responsibilities as CEO and Chairman of the Executive Board with effect from January 01, 2008. Prof. Fritz Vahrenholt will become a member of the Supervisory Board on January 01, 2008 and is proposed to be appointed as the Vice Chairman. Mr. Andre Horbach, Suzlon Group CEO will be also join as a member of the Supervisor Board of REpower.

The Supervisory Board of REpower has also approved the appointment of Mr. Per Hornung Pedersen as CEO and Chairman of the Executive Board of REpower with effect from January 01, 2008. Mr. Per Hornung Pedersen is presently the CEO of Suzlon Energy A/s, a subsidiary of the Company in Denmark.

Further the Company has informed that, through a voluntary public tender the Company through its step-down subsidiaries acquired 33.85% of REpower's capital. By this shareholding and Voting-Pool-Agreements with two other REpower shareholders, Martifer and Areva, the Company, subject to certain minority protection and other rights of the two other REpower shareholders, controls 86.47% of the votes in REpower as on date.