Solarmag Completes the Acquisition of the Rights to a 200 MW Manufacturing Plant of Solar Panels Solarmag PLC confirms that is has issued a further 15 billion shares for 1 euro cent a share to Larmag Energy Group BV pursuant to the arrangements for the acquisition of Rivma Invest BV which have the exclusive right from GS Energy in China to build a 200 MW production line of solar panels in Europe and in the MENA country’s.

The total consideration of 30 billion shares due under the acquisition agreement announced on 27 July 2010 has now been fully issued. As at todays date, the total issued ordinary share capital of Solarmag PLC consists of 30,396,400,000 ordinary shares of with a par value of One Euro Cent each. For further information contact: Solarmag Plc Thomas R.

Malthusstraat 3b 1066 JR Amsterdam The Netherlands Telephone 00 31 20 669 7032 Disclaimer The information in this press release constitutes "forward-looking information".

Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate.

Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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