aleo solar accelerates its expansion into Spain

Order for the delivery of more than 11,000 modules

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The solar module manufacturer and system provider aleo solar AG is
building up its business in Spain. The demand in this very important
European market is growing rapidly. This week Gamesa Solar, a
renewable energy company from Madrid, has placed an order for 11,000
solar modules with total power of more than two MW.

This order is a signal, said Christopher Dunne, new Director of
International Sales for aleo solar, the order volumes are growing.
The Spanish government since 2004 has supported renewable energy
through the Royal Decree 436/2004. " By working with established
players in the market we can most effectively create recognition for
the aleo brand. Said aleo co- CEO Jakobus Smit. "With our
international experienced sales leader Christopher Dunne will we be
able to enter other southern European markets. Ricardo de Andres
Cañas, Operations Manager for Gamesa Solar: " In aleo we have found a
Partner with whom we want to build long-term business."

In 2007 will the solar module specialist aleo begin production in its
own factory in Barcelona. With a capacity of 10 MW per year will it
be one of the largest solar module factories in Spain. "This also
gives us a presence on the Iberian peninsula" said Heiner Willers,
co-CEO aleo solar. "The customers can visit our high quality
production and we can offer better service from a local facility. We
want to significantly increase our turnover in Spain in the coming
years." Until the facility is completed aleo will deliver product
from the factory in Prenzlau.

For your background information:

aleo solar appoints overseas sales professional:
Christopher Dunne leads International Sales

OLDENBURG/PRENZLAU, July 29, 2006. The solar module manufacturer and
system supplier aleo solar AG wishes to substantially expand its
international operations. To this end, the company has hired
Christopher Dunne (43), an internationally recognised sales
professional, as its Head of International Sales. The American born
businessman is responsible for the activities of aleo in Southern
Europe, particularly Spain and Italy, and also for the expansion of
the business in Asia.

Christopher Dunne has been active in the field of renewable energy
sources for years. From 1994 to 1998 he led the initiative for
renewable energy sources in the State Parks of Colorado, USA. Later,
he gained valuable international experience as a Sales Manager in
many countries including Germany, the USA, and Singapore. From
November 2000 to February 2004 the engineer worked for the solar
company Astropower. Subsequently, Christopher Dunne was employed as
Regional Manager in the solar division of General Electric in
Freiburg, Germany. "He knows not only the complex European market,
but also the South-East Asian and American markets", said Heiner
Willers, Member of the Board of aleo solar. Among his areas of
specialisation are the development and implementation of strategies
in the growing European market and the marketing of solar products.
"He is the right man for one of our most important tasks - our
international operations."

The Company aleo solar AG (previously S.M.D.), with its sales and
distribution facilities in Oldenburg (Lower Saxony) and manufacturing
facility in Prenzlau (Brandenburg), was founded in September 2001,
and manufactures solar modules based on silicon cells. Around 230
employees currently work at both locations. The manufacturing
facility in Prenzlau has an annual capacity of 90 megawatts and is
thus one of the largest solar module production sites. In 2005, the
company achieved a turnover of 106.9 million euros. Since July 2006,
aleo solar AG (DE000A0JM634) has been listed on the Prime Standard
segment of the Frankfurt Stock Exchange. By acquiring shares in the
Brandenburg-based technology company Johanna Solar Technology GmbH,
aleo solar AG has gained access to the promising future of thin-film
technology.

end of announcement euro adhoc 07.08.2006 14:21:30
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Tanja Brüdersdorf
Marketing & PR
Phone: +49(0)441-21988-54
E-Mail: Bruedersdorf@aleo-solar.de

Franz Nieper
Investor Relations, Legal & Compliance
Phone: +49(0)441-21988-58
E-Mail: Nieper@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Technologie All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard