EANS-News: aleo solar AG / aleo solar Annual General Meeting endorses Management Board's savings policy

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Annual & Special Corporate Meetings

Prenzlau/Bremen (euro adhoc) - aleo solar AG today announced that its
shareholders on this Wednesday very clearly endorsed the Management
Board's strategy at the Company's sixth Annual General Meeting (AGM).
The actions of both the Management Board and the Supervisory Board
were formally approved by the necessary majority of votes. Christoph
Kübel, Member of the Board of Management and Director of Industrial
Relations of the Robert Bosch GmbH, was elected as a new member of
the supervisory board. He thus succeeds Dr. Wolfgang Malchow, who
laid down his supervisory board mandate on 31 December 2011. In
addition, PricewaterhouseCoopers Wirtschaftsprüfungsgesellschaft AG
was again appointed as the Company's auditors for the financial year
2012.

"The fact that we recorded a loss in 2011 shows that aleo solar AG is
not immune to trends in the sector", informed York zu Putlitz, aleo
solar AG's Chief Executive Officer, shareholders about the actual
business performance. Since prices are expected to continue falling,
further consolidation in the industry is likely to be seen for as
long as there is such a pronounced surplus capacity in the
photovoltaic market. "Nevertheless, we firmly believe that we will
survive these difficult economic times. In addition to the reduction
of surplus capacity, we are aiming at cost reductions: we are
renegotiating existing cell contracts, increasing potential for
non-cell materials and devising measures for reducing administrative
and overhead costs."

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc
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company: aleo solar AG
Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-690
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English