aleo solar AG signs new contracts in Italy

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Prenzlau/Oldenburg/Treviso (euro adhoc) - aleo solar AG today
announced that it is continuing to expand its business in Italy by
signing two supply contracts for a total of 5,500 kilowatts with the
Italian project developer ERIC Group S.p.a. (www.ericgroup.eu). Of
this total, 500 kilowatts will be delivered this year, with the
remaining 5,000 kilowatts to follow in 2009.

Giovanni Buogo, Sales Director of aleo solar Italia S.r.l., sees a
continually positive development in Italy: "In the first six months
of 2008, aleo solar has recorded a four-fold year-on-year increase in
sales in Italy. Customers especially appreciate our expertise in
rooftop installations."

Marcello Navanteri, Managing Director of the ERIC Group, explained
why his company chose the aleo modules: "The modules' quality,
reliability and yield is critically important to the success of our
projects, as is the support and service provided by the local aleo
solar subsidiary. We are looking for long-term relationships with our
partners and we believe that we can best pursue this sustainable
approach with aleo solar at our side."

The Italian feed-in law provides operators of photovoltaics systems
with a sound basis for making investment decisions. The Management
Board of aleo solar expects the market to show strong growth in 2009.
aleo solar believes that it is well positioned through its Treviso
office and continues to expand its customer base in Italy. The
company has a broad sales presence throughout the country.

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

Further inquiry note:

Franz Nieper / Jasmin Michaelis

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-770

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
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