euro adhoc: aleo solar AG / Joint Ventures/Cooperation/Collaboration / aleo solar AG establishes joint venture with Sunvim Group Co. Ltd. to build solar module plant in China

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Company Information

22.02.2008

Oldenburg/Prenzlau. aleo solar AG [ISIN: DE000A0JM634] today
announced that it has signed a joint venture agreement with Sunvim
Group Co. Ltd. (SZSE: 002083) for the construction of a solar module
production plant in Gaomi (Shandong province). One aspect of the
agreement is the foundation of avim solar Co. Ltd., a joint venture
owned in equal parts by the two partners.

avim solar Co. Ltd. will complete the module production plant by the
end of 2009. aleo solar AG will be responsible for providing the
solar cells for the plant, which will initially have a capacity of 50
megawatts. Together with its own production plants in Germany and
Spain amounting to a capacity of 180 megawatts by the end of 2009,
the aleo solar Group is well prepared for future growth.

The solar modules will be sold exclusively through aleo solar. The
goal is to meet the growing demand for solar modules in the growth
markets of Asia. Industry experts agree that a market volume of at
least EUR 8 billion can be expected in South Korea, Japan and China
by the year 2012. aleo solar AG will secure a portion of this market
through its joint venture.

The Sunvim Group, a Chinese multi-operation enterprise, is the
official licensed manufacturer of textiles for the 2008 Olympic Games
in Beijing and a popular supplier for European brands.

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 / Yvonne Meyer

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-77

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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