aleo solar AG

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

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
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

end of announcement                               euro adhoc 

company:     aleo solar AG
             Marius-Eriksen-Straße 1
             D-17291 Prenzlau
phone:       +49(0)441 21988-0
FAX:         +49 (0)441 21988-690
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

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