AE-Rotor Holding BV, The Netherlands (AERH), a wholly owned indirect subsidiary of Suzlon Energy Limited, has appointed BofA Merrill Lynch and Morgan Stanley as Managers and Joint Book-runners for an accelerated book-building and potential secondary placing of depository interests in Hansen (the “Placing Securities”) representing approximately 35 per cent of Hansen’s issued share capital (the “Placing”).

The amount of the Placing proceeds, the number of Placing Securities and the Placing price will be decided at the close of the accelerated book-building period following agreement between the Managers and AERH.

The books for the Placing have been opened. Pricing and allocations are expected to be announced as soon as practicable following the Closing of the books. The timing for the closing of the books will be at the sole discretion of the Managers. In the event of over-subscription, the Managers may reduce or reject purchase orders at their own discretion.