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Solarworld Aktiengesellschaft Second Supplement dated1 July2011 to the Prospectus dated 17 June 2011 as supplemented bythe First Supplementdated 24June 2011 Thisdocumentconstitutesasupplement(the "SecondSupplement")withinthemeaningofArticle16of Directive2003/71/ECoftheEuropeanParliamentandtheCouncilof4November2003(the "Prospectus Directive")totheprospectusofSolarWorldAktiengesellschaft(the "Prospectus")withinthemeaningofArticle 5.3 of the Prospectus Directive. ThisSecondSupplementissupplementalto,andshouldbereadinconjunctionwiththeProspectusdated 17 June 2011 and the firstsupplement to the Prospectus dated 24 June 2011 (the "First Supplement"). SolarWorldAktiengesellschaft (a stock corporationincorporatedunder the laws of the FederalRepublic of Germany, having its corporatedomicile in Bonn,FederalRepublic of Germany) EUR % Notes due 2016 Issue Price % TheIssuerhasrequestedthe CommissiondeSurveillanceduSecteurFinancier oftheGrandDuchyof Luxembourg(the "CSSF")initscapacityascompetentauthorityundertheLuxembourgLawrelatingto prospectusesforsecurities (Loirelativeauxprospectuspourvaleurs mobilières) (the "LuxembourgLaw"), whichimplementstheProspectusDirective,toapprovethisSecondSupplementandtoprovidethecompetent authoritiesin theFederalRepublicofGermany("Germany"),TheNetherlandsandtheRepublicofAustria witha certificateofapprovalattestingthattheSecondSupplementhasbeendrawnupinaccordancewiththe Luxembourg Lawrelating to prospectusesfor securities ("Notification"). ThisSecondSupplementhasbeenapprovedbytheCSSF,hasbeenfiledwithsaidauthorityandwillbe published in electronicformon the website of the Luxembourg Stock Exchange (www.bourse.lu). 2 TheIssuerwithitsregisteredofficeinGermanyacceptsresponsibilityfortheinformationcontainedinthis SecondSupplementandhereby declaresthat,havingtakenallreasonablecare toensurethatsuchisthe case,theinformationcontainedinthisSecondSupplementis,tothebestofits knowledge,inaccordance withthefacts and containsno omission likelyto affect its importance. TermsdefinedorotherwiseattributedmeaningsintheProspectusassupplementedbytheFirst Supplement have the samemeaninginthis Second Supplement. ThisSecondSupplementshallonlybedistributedinconnectionwiththeProspectusandtheFirst Supplement. It shouldonlybe read in conjunctionwiththeProspectusandtheFirst Supplement. TotheextentthatthereisanyinconsistencybetweenanystatementinthisSecondSupplementandany otherstatementinorincorporatedbyreferenceintheProspectusassupplementedbytheFirst Supplemented, the statements inthisSecondSupplementwill prevail. SaveasdisclosedinthisSecondSupplement,therehasbeennoothersignificantnewfactor,material mistakeor materialinaccuracyrelatingtoinformationincludedintheProspectusassupplementedbythe FirstSupplementwhichiscapableofaffectingtheassessmentofNotessincethepublicationofthe Prospectus as supplementedbythe FirstSupplement. TheIssuerhasconfirmedtotheManagersthattheProspectusassupplementedbythe FirstSupplement andthisSecondSupplementcontainsallinformationwithregardtotheIssuerandtheNoteswhichis materialinthecontextoftheofferingofNotesthereunder,theinformationcontainedthereinwithrespect totheIssuerandtheNotesisaccurateinallmaterialrespectsandisnotmisleading,theopinionsand intentionsexpressedthereinwithrespecttotheIssuerandtheNotesarehonestlyheld,thereareno otherfactswithrespecttotheIssuerortheNotestheomissionofwhichwouldmaketheProspectusas supplementedbytheFirstSupplementandthisSecondSupplementmisleadinginanymaterialrespect, andthatallreasonableenquirieshavebeenmadetoascertainallfactsandtoverifytheaccuracyofall statements containedtherein. Nopersonhasbeenauthorisedtogiveanyinformationwhichisnotcontainedinornotconsistentwith theProspectusassupplementedbytheFirstSupplementorthisSecondSupplementoranyinformation suppliedbyanyIssuerorsuchotherinformationasinthepublicdomainand,ifgivenormade,such informationmustnotberelieduponashavingbeenauthorisedbytheIssuer,theManagersoranyof them. Totheextentpermittedbythelawsofanyrelevantjurisdiction,neithertheManagersnoranyother personmentionedintheProspectusassupplementedbytheFirstSupplementorthisSecond Supplement,excludingtheIssuer,isresponsiblefortheinformationcontainedintheProspectusas supplementedbytheFirstSupplementorthisSecondSupplementoranyotherdocumentincorporated thereinbyreference,andaccordingly,andtotheextentpermittedbythelawsofanyrelevantjurisdiction, noneofthesepersonsacceptsanyresponsibilityfortheaccuracyandcompletenessoftheinformation contained in any of thesedocuments. InaccordancewithArticle13paragraph2oftheLuxembourgLaw,investorswhohavealready agreedtopurchaseorsubscribeforNotesbeforethisSecondSupplementispublishedhavethe right,exerciseablewithinatimelimitofminimumtwoworkingdaysafterthepublicationofthis SecondSupplement, to withdraw their acceptances. 3 Replacement information pertaining to the IssueDate ReferencesmadeintheProspectusassupplementedbytheFirstSupplementto "4July2011"and "4. Juli2011" shall bedeemed to be replacedby "13July 2011"and "13. Juli2011", respectively. Replacement information pertaining to the pricingdate ReferencesmadeintheProspectusassupplementedbytheFirstSupplementto "27June 2011"shallbe deemed to be replacedby "4 July 2011". Replacement information pertaining to the coverpage Thefirstparagraphandthefirstsentenceofthesecondparagraphonthecoverpageofthe Prospectusas supplemented by the FirstSupplement shall be replacedbythe following: "SolarWorldAktiengesellschaft,Bonn,FederalRepublicofGermany(the "Issuer"or "SolarWorld")will issueonorabout13 July2011(the "IssueDate")EUR ll%notesdue2016(the "Notes").TheNotes willberedeemedatparon13 July2016.TheNoteswillbearinterestfromandincluding13 July2011to, butexcluding,13 July2016atarateof l% perannum,payableannuallyinarrearon13 Julyineach year, commencingon13 July 2012. The Noteswillmature on 13 July2016." Replacement information pertaining to theSummary and the GermanTranslation of the Summary The first paragraph on page 6 shall bereplacedbythe following: "Interest: TheNoteswillbearinterestfromandincluding13July 2011to,but excluding,13July2016atarateof l% perannum,payableannually in arrear on13 Julyin eachyear, commencing on 13July 2012." Thefirstsentenceofthesecondparagraphundertheheading"OrganisationalStructure"onpage 8 shall be replacedby the following: "Atthedate of this Prospectus, SolarWorld Group consists of a total of 54 companies." Thesecondparagraphundertheheading"General"insection"BusinessOverview – Principal Activities andPrincipalMarkets" on page 8shallbe replacedby the following: "Withatotalof10sitesworldwide(includingoperatingsites,jointventuresandtheholdingcompany), SolarWorldGroupistodaypresentontheinternationallyrelevantsolarmarkets.SolarWorldGroup operateswithproductionfacilitiesinGermanyandtheUSAonthecoresolarmarketsofEuropeand NorthAmerica,whichkeepstransportdistancesshortandlogisticscostlow.SalesteamsinGermany, Spain,France,theUSA,Singapore,andSouthAfricaaretryingtopushaheaddistributioninthesolar growth regions." Thefirstsentenceundertheheading"ManagementandSupervisoryBodies"onpage9shallbe replacedby the following: "SolarWorld'sgovernancebodiesincludeitsManagementBoard (Vorstand),whichcurrentlyconsistsof fivemembers and itsSupervisory Board (Aufsichtsrat), which consists of three members." 4 The second paragraph on page 14 shall bereplaced by the following: "Zinsen: DieSchuldverschreibungenwerdenvom13. Juli2011 (einschließlich) biszum13.Juli2016(ausschließlich),miteinemZinssatzvon % per annum verzinst.DieZinsensindnachträglicham13. Julieinesjeden Jahreszahlbar.Die erste Zinszahlung erfolgt am 13. Juli 2012." Thefirstsentenceofthe secondparagraphundertheheading"Organisationsstruktur"onpage16 shall bereplacedby the following: "Mit Datum dieses Prospekts, besteht derSolarWorld Konzern insgesamt aus 54Gesellschaften." Thesecondparagraphundertheheading"Allgemein"insection"Geschäftsüberblick – Hauptaktivitäten und Hauptmärkte" on page17shall be replacedby the following: "Mitinsgesamt10Standortenweltweit(inklusiveBetriebsstätten,JointVenturesunddie Holdinggesellschaft)istderSolarWorldKonzernheuteindenrelevanteninternationalenMärkten präsent. DerSolarWorldKonzernoperiertmitProduktionsstätteninDeutschlandunddenUSAaufden KernsolarmärktenEuropasundNordamerikas,wasTransportwegekurzundLogistikkostenniedrighält. VertriebsteamsinDeutschland,Spanien,Frankreich,denUSA,Singapurund Südafrikaversuchenden Absatz in den solarenWachstumsregionenzuforcieren." Thefirstsentenceundertheheading "Unternehmensführung undAufsichtsgremien"onpage18 shall bereplacedby the following: "DieFührungsgremienderSolarWorldumfassendenVorstand,dergegenwärtigausfünfMitgliedern besteht, unddenAufsichtsrat,der gegenwärtig ausdreiMitgliedernbesteht." ReplacementandsupplementalinformationpertainingtosectionSOLARWORLD AKIENGESELLSCHAFT Thefirstsentenceofthesecondparagraphundertheheading"OrganisationalStructure"in section"OrganisationalStructureandGroupStrategy"onpage28shallbereplacedbythe following: "Atthedate of this Prospectus, SolarWorld Group consists of a total of 54 companies." 5 The heading and the chart on page 29shallbe replacedby the following: SolarWorld LegalStructureas per 30June2011 6 Thechartundertheheading"General"insection"BusinessOverview – PrincipalActivitiesand PrincipalMarkets" on page 32shallbe replacedby the following: Thefourthparagraphundertheheading"General"insection"BusinessOverview – Principal Activities andPrincipalMarkets" on page32 shallbe replacedby the following: "Withatotalof10sitesworldwide(includingoperatingsites,jointventuresandtheholdingcompany), SolarWorldGroupistodaypresentontheinternationallyrelevantsolarmarkets.SolarWorldGroup operateswithproductionfacilitiesinGermanyandtheUSAonthecoresolarmarketsofEuropeand
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