Pursuant to articles L 233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers)

Listing market: Euronext Paris
Compartment: Eurolist C
isin code: FR0000184814

* Real number of voting rights = total number of voting rights – number of shares without voting rights

During the month of March 2011, 164,875 OCEANEs (convertible bonds) have been converted, resulting in the creation of 1,424,520 new shares.

Since July 20, 2010, the effective date of the modification of the terms of the OCEANEs, 1,381,945 OCEANEs have been converted, resulting in the creation of 11,939,136 new shares.

The conversion of these 1,381,945 OCEANEs into shares reduces by 21.1 million euros the maximum amount of the convertible bond to be reimbursed on January 1, 2015 in case of request.

Next publication

The Group will publish its full year 2010 results on April 18, 2011 after market.

About THEOLIA

THEOLIA is an independent international developer, builder and operator of wind energy projects. THEOLIA is active primarily in France, Germany, Morocco and Italy, and also in emerging markets, notably Brazil. THEOLIA trades on the compartment C of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of the CAC Small index.

For more information

THEOLIA
French Société Anonyme (public limited company with Board of Directors) with share capital of €112,710,902
Registered office: 75 rue Denis Papin - 13100 Aix-en-Provence - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment C of Euronext Paris, code: TEO