aleo solar AG surpasses annual sales target of EUR 330 million

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
it already has surpassed its sales target of EUR 330 million for the
year. The targeted foreign share of 40 percent in total sales will
also be exceeded. Sales go hand in hand with a solid EBIT margin.

Heiner Willers, member of aleo solar's Management Board, is in a
confident mood: "Business will be brisk until the close of the year.
And we are already in a position to forecast that this trend is
likely to continue in 2009 even though the larger degression in the
feed-in tariff, which is scheduled to kick in at the turn of the
year, will be a challenge for all market participants in Germany. On
the other hand, the fact that utility companies recently raised their
prices for electricity to a considerable extent will help to bring
about so-called grid parity — i.e. self-generated electricity is not
more or less expensive than electricity purchased from a utility
company — in our domestic market sooner rather than later."

Germany will remain the world leader in photovoltaics in terms of
newly installed output per annum yet international demand for PV
remains strong as well. "Italy, Belgium, France, Greece, and the
Czech Republic are developing very well," says Jakobus Smit, Chairman
of aleo solar's Management Board. "We succeeded in compensating for
the expected downturn in the Spanish market thanks to our strategy of
focusing on the European rooftop systems business which, in our view,
has tremendous potential." aleo solar AG was well advised to expand
its production capacities from 100 to 250 megawatts and thus is well
equipped to handle growth in the coming years.

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

Investor Relations, Legal & Compliance

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

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
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