aleo solar AG signs new contracts in Italy

Prenzlau/Oldenburg/Treviso (euro adhoc) -

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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.

Further inquiry note:
Franz Nieper / Jasmin Michaelis
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc

emitter: aleo solar AG
Gewerbegebiet Nord
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technologie All Share stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, Börse München
language: English

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