T-Solar is Evaluating the Possibility of an Initial Public Offering (IPO) to Finance its International Expansion

MADRID, March 29, 2010 -

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    - T-Solar's installed capacity is one of the highest among
      Independent Power Producers (IPPs) in the international solar
      photovoltaic (PV) market.

    - T-Solar's business is focused on the sale clean energy
      through the design, development, commissioning and operation of
      large-area solar photovoltaic plans. It has an installed capacity of
      143.15 MWp in operation and 25 MWp under construction, which expected
      to come on line in the first half of this year.

    - With a project pipeline of 644 MWp, T-Solar aims to
      quadruple its current installed capacity over the next three years in
      its target countries: Spain, Italy, France, India and the United
      States.

    - T-Solar is planning to invest EUR1.2 bn during the next three
      years, in addition to the EUR1.07 bn it invested to year-end 2009.

T-Solar, one of the largest Independent Power Producers (IPPs)
in the international solar PV energy market in terms of installed capacity,
is evaluating the possibility of applying to have its shares listed on the
Spanish stock exchanges and traded though the Automated Quotation System
(Mercado Continuo) in the coming months. The transaction is expected comprise
a primary offering intended principally to fund its international expansion
to construct large-area solar photovoltaic plants in its target countries.

T-Solar focuses its activity on the design, development,
commissioning and operation of large-area solar photovoltaic plants and the
sale of the electricity generated by them to the electrical utilities. Its
installed capacity of 143.15 MWp currently in operation generated 218 GWh of
clean energy (in 2009). This is equivalent to the average annual electricity
consumption of 50,000 households. T-Solar's environmentally-friendly
electricity generation in 2009 has avoided the emission of 74,000 tonnes of
CO2 into the atmosphere, which is equivalent to planting 4.6 million trees.
The company also has a further 25 MWp under construction in Spain and Italy,
which are expected to come on line in the first half of 2010.

T-Solar also manufactures large-area (5.7 m2) thin-film
amorphous silicon solar panels. Its highly automated factory in Orense
(Spain) uses latest-generation technology and T-Solar aims to significantly
reduce the price per KWh of energy produced by its panels.

International expansion

T-Solar ended 2009 with revenues of EUR128.7m and EBITDA of
EUR84.8m. Since it was established, T-Solar has invested EUR1.07 bn in its
business. It is planning to invest a further EUR1.2 bn between now and 2012
to construct additional large solar photovoltaic plants in its target
countries. Along with Spain, these are: Italy, France, India, United States
and some other Latin-American countries, such as Peru, where T-Solar intends
to produce and sell 173 GWh of photovoltaic power per year to the Peruvian
government over a 20-year period, part of which will be generated under a
joint venture.

In the words of T-Solar's CEO, Juan Laso: "The company wants
to fund its international expansion, leveraging its project pipeline, which
currently consists of 664 MWp in different stages of development, and on its
sound network of partners in the countries where it already operates.
T-Solar's objective is to quadruple its installed capacity over the next
three years and consolidate its position as one of the largest independent
producers of solar photovoltaic power in the world."

Advisors:

The companies advising T-Solar in the IPO process are: Credit
Suisse Securities (Europe)Limited as Sole Global Coordinator and Joint
Bookrunner, Société Générale Corporate & Investment Banking as Joint
Bookrunner and Banco de Sabadell and Mediobanca as co-managers.

ABOUT T-SOLAR

T-Solar is one of the largest Independent Power Producers
(IPPs )in the international solar photovoltaic market in terms of installed
capacity. Since it was set up in 2006, it has invested in producing clean
electricity using the power of sunlight. In four years, it has invested
EUR1.07 bn in its busines . Its solar photovoltaic plants in Spain have an
aggregate installed capacity of 143.15 MWp. In 2009 they produced a total of
218 GWh (equivalent to the annual electricity consumption of 50,000
households). It has a further 25 MWp under construction in Spain and Italy,
which are expected to come on line in the firts half of 2010. T-Solar's
factory in Orense (Galicia, Spain) also manufactures large-area thin-film
amorphous silicon solar panels (5.7m2).

DISCLAIMER

This document does not constitute and is not an offer to sell
or the solicitation of an offer to buy securities (the "securities") of Grupo
T-Solar Global, S.A (the "Company") in the United States, Australia, Canada,
South Africa, Japan or elsewhere. This document does not solicit money,
securities or any other type of consideration, and, if any money, securities
or other type of consideration is sent in response hereto, it will not be
accepted. The securities have not been registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act") or under the applicable
securities laws of Australia, Canada, South Africa or Japan and may not be
offered or sold in the United States absent registration under the U.S.
Securities Act or an exemption from registration. Subject to certain
exceptions, the securities referred to herein may not be offered or sold in
Australia, Canada, South Africa or Japan or to, or for the account or benefit
of, any national, resident or citizen of Australia, Canada or Japan. The
Company does not intend to register any part of the Offering in the United
States or to make any public offering of the securities in the United States.

This communication is directed only at persons who (i) are
outside the United Kingdom, (ii) have professional experience in matters
relating to investments, or (iii) are persons falling within Article 49(2)(a)
to (d) ("high net worth companies, unincorporated associations etc") of The
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all
such persons together being referred to as "relevant persons"). This
communication must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which this
communication relates is available only to relevant persons and will be
engaged in only with relevant persons.

This communication is an advertisement for the purposes of
Article 15 of Prospectus Directive 2003/71/EC and Article 28 of Spanish Royal
Decree 1310/2005 of 4 November (Real Decreto 1310/2005 de 4 de noviembre).
Investors should not purchase (or subscribe for) any shares referred to in
this announcement except on the basis of information in the prospectus to be
published by the Company in due course in connection with the admission of
the shares in the capital of the Company on the Spanish stock exchanges.

As of the date of this communication, a draft prospectus
relating to the possible offering is pending approval by the Spanish National
Securities Market Commission (Comisión Nacional del Mercado de Valores). Once
approved, the prospectus will be made available to investors at the offices
of the Company located in calle Avda. Arroyo del Santo, 6 3(a) planta, 28042
Madrid, Spain and on the website of the Company (www.grupotsolar.com)
and the Spanish National Securities Market Commission (www.cnmv.es).

    For further information:

    T -SOLAR Communication & Marketing
    DIRCOM. Isabel Saracho isabel.saracho@tsolar.eu
    Press. Maria Jose Murillo mariajose.murillo@tsolar.eu
    Ana Martin-Pintado prensa@tsolar.eu

    Tel.: +34-913248900 / +34-913248919

    www.grupotsolar.com

For further information: T -SOLAR Communication & Marketing, DIRCOM. Isabel Saracho isabel.saracho at tsolar.eu; Press. Maria Jose Murillo mariajose.murillo at tsolar.eu, Ana Martin-Pintado prensa at tsolar.eu, Tel.: +34-913248900 / +34-913248919