News Column

CBD Energy Limited Announces Closing of Public Offering of Ordinary Shares

June 18, 2014



SYDNEY & NEW YORK--(BUSINESS WIRE)-- CBD Energy Limited (NASDAQ: CBDE), a diversified clean energy company and leading provider of solar installations worldwide, having completed more than 17,000 residential installations in Australia and numerous commercial and utility-scale systems worldwide, today announced the closing of its public offering of 1,810,000 ordinary shares, at an offering price of $4.00 per share.

National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB: NHLD), acted as sole book running manager. Northland Capital Markets acted as co-manager for the offering. Northland Capital Markets is the trade name for certain equity capital markets and investment banking activities of Northland Securities, Inc., member FINRA/SIPC.

The net proceeds to CBD Energy Limited (CBD) from the offering were approximately $6 million, after deducting underwriting discounts and commissions and other estimated offering expenses. CBD intends to use the net proceeds received from this offering for working capital, to fund potential acquisitions, to develop further renewable energy projects, to repay certain indebtedness and for general corporate purposes.

A registration statement relating to these ordinary shares was declared effective by the Securities and Exchange Commission on June 12, 2014. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained by request to the offices of National Securities Corporation, at 410 Park Avenue, 14th Floor, New York, NY 10022, Attn: Kim E. Addarich, Kaddarich@nhldcorp.com; or Northland Capital Markets, at 45 South 7th Street, Suite 2000, Minneapolis, MN 55402, Attn: Shawn D. Messner, smessner@northlandcapitalmarkets.com.

About CBD Energy Limited (NASDAQ: CBDE)

Established in 1989, CBD Energy Limited, or CBD, is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBD is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets - Australia, the U.S. and UK.

Headquartered in Sydney, with principal regional offices in London and New York, CBD has completed projects across four continents, in countries as far-reaching as Australia, Fiji, Germany, Italy, New Zealand, the UK and the U.S. CBD has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW. CBD markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSEŽ trademark pursuant to an exclusive, long-term worldwide license. For further information on CBD Energy Limited and Westinghouse Solar, please visit:

www.cbdenergy.com

         

www.westinghousesolar.com.au

www.westinghousesolar.com

www.westinghousesolar.co.uk






AU Corporate/Investor

CBD Energy Limited

Gerry McGowan, +61 2 8069 7970

or

US Corporate/Investor

CBD Energy Limited

James Greer, +1 917-714-4791

or

Media

Schoen/Evanson Media

David Evanson, +1 610-505-0832


Source: CBD Energy Limited


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