EANS-News: aleo solar AG / aleo solar AG´s Management Board and Supervisory Board back takeover offer from Robert Bosch GmbH

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Company Information/Joint statement of the Management Board and the
Supervisory Board

Prenzlau/Oldenburg (euro adhoc) - The Management Board and
Supervisory Board of aleo solar AG today issued a joint statement
pursuant to Section 27 of the German Securities Acquisition and
Takeover Act (WpÜG) on the voluntary public takeover offer submitted
by Robert Bosch GmbH on August 31, 2009. Robert Bosch GmbH has made
an offer to the shareholders of aleo solar AG for the acquisition of
all shares of aleo solar AG at a cash price of EUR 9.00 per share.

After examining the offer document, the Management Board and
Supervisory Board deem the consideration of EUR 9.00 per share
offered by Robert Bosch GmbH fair. This view is supported by the
fairness opinion prepared by SUSAT & Partner OHG, the independent
audit firm engaged by aleo solar AG. The Management Board and
Supervisory Board were also advised by the investment bank Jefferies
International Ltd. and Freshfields Bruckhaus Deringer LLP.

The Management Board and Supervisory Board consider the offer to be
in the interests of aleo solar AG as a business. aleo has positioned
itself as a premium brand and built up strong sales. The Bosch Group
believes these activities ideally complement its current activities
in the field of renewable energy. In the opinion of the Management
Board and Supervisory Board, this alliance will provide a sound basis
for successfully continuing aleo´s growth course of recent years. The
Management Board and Supervisory Board welcome the offeror's declared
willingness to contribute its financial strength, resources for the
development of new technologies, experience in high-precision mass
production, international distribution channels and, last but not
least, its reputation, and expect these factors to strengthen aleo
solar AG.

In this context, the Management Board and Supervisory Board refer to
the offer conditions set out in the offer documentation released by
Robert Bosch GmbH. Among other things, these include clearance of the
takeover under merger control regulations and a minimum acceptance
threshold of at least 75%. Please refer to section 12.4 of the offer
document for more information on the offer terms.

The Management Board and Supervisory Board believe that the
consideration offered by Robert Bosch GmbH is fair within the meaning
of Section 31 (1) WpÜG and that the offer is in the interests of the
company. They therefore unanimously back the offer and recommend that
the shareholders of aleo solar AG accept it.

It is at the sole discretion of the shareholders of aleo solar AG to
accept or reject the offer, taking into account the overall
circumstances and their individual circumstances and their assessment
of the potential for the future performance of the company´s shares.
Both the acceptance and the rejection of the offer may have
disadvantages for the shareholders of aleo solar AG that are
explained in the joint statement of the Management Board and
Supervisory Board.

The joint statement issued by the Management Board and Supervisory
Board of aleo solar AG is available on the Company's website at
http://www.aleo-solar.de. It can also be requested free of charge by
phone (+49 (0) 441 - 21988 - 770), fax (+49 (0) 441 - 21988 - 690),
or email (invest@aleo-solar.de).

Ende der Mitteilung 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
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
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München / free trade