aleo solar AG continues on growth path with strong Q1 figures

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

companies

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
is maintaining its growth path: in the first three months of 2008,
revenue climbed by 85.2% to EUR 69.0 million (Q1 2007: EUR 37.2
million). The proportion of international revenue amounted to 61.5%.
EBIT totalled EUR 5.0 million (Q1 2007: EUR 2.7 million); as a
result, the EBIT margin increased slightly to 7.3% (Q1 2007: 7.2%).
Earnings per share doubled to EUR 0.26 (Q1 2007: EUR 0.13). The
Company increased its production output by 69.7%, from 17.5 megawatts
(Q1 2007) to 29.7 megawatts.

While business growth in Germany was stable, international growth -
as expected - was particularly dynamic: at 48.9%, almost half of
total revenue in the first three months of 2008 was generated in
Spain. However, business there is expected to tail off towards the
end of the summer. As a result, aleo solar AG´s Management Board
expects the proportion of international revenue for full-year 2008 to
be around 40% of total revenue. In addition to the target market of
Spain, business in other countries is also showing promise: aleo
solar received orders for several megawatts in Greece, France and
Belgium. In Italy, the solar market is really taking off, prompting
aleo solar to establish its own subsidiary, aleo solar Italia S.r.l.,
headquartered in Treviso, Italy.

However, the aleo solar Group´s strongest growth is in Germany:
production capacity at the Prenzlau location in Brandenburg will
almost double. As part of this expansion, another 150 new employees
will be recruited in Prenzlau over the course of the year. "We will
continue our growth trajectory", said Jakobus Smit, CEO of aleo solar
AG. "The expansion of our production capacity to 180 megawatts at our
Prenzlau and Barcelona locations and our investment in the 50
megawatt production plant in Gaomi, China, our own sales team and a
strong brand, combined with our increasing internationalisation and
access to innovative thin film technology, mean that we are very well
positioned. We remain fully committed to continuing this path."

In March, aleo solar AG signed a procurement agreement for solar
cells with Q-Cells AG (QCE; WKN 555866), which runs from 2008 to the
end of 2019. This contract covers a volume of at least 1,270
megawatts, with an option to increase it up to a total volume of
2,270 megawatts.

The Company is reiterating its forecast for the year of revenue of at
least EUR 330 million and a continued solid EBIT margin.

---------------------------------------------------------------------
-----------

The Company aleo solar AG, with sales operations in Oldenburg (Lower
Saxony) and manufacturing facilities in Prenzlau (Brandenburg), was
formed in September 2001 and produces solar modules using silicon
cells. Its facility in Prenzlau has an annual capacity of 90
megawatts, which will be increased to 170 megawatts by the end of
2008. At the beginning of 2007, production also started in Santa
María de Palautordera (Spain) with an annual capacity of 10
megawatts. The Company generated revenue of EUR 242.1 million in 2007
with 555 employees. Since July 2006, aleo solar AG has been listed in
the Frankfurt Stock Exchange´s Prime Standard (DE000A0JM634). The
Company´s acquisition of a 19% equity interest in the
Brandenburg-based technology enterprise Johanna Solar Technology GmbH
has given it access to the promising future technique of thin-film
technology. Since the start of 2008, aleo solar AG has also held a
50% interest in avim solar Co. Ltd., which is a joint venture with
the Sunvim Group Co. Ltd. for the construction of a solar module
production plant in China.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Franz Nieper / Jasmin Michaelis

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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade