EANS-Adhoc: aleo solar AG reduces its sales forecast for 2012 and makes further write-downs

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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02.10.2012

aleo solar AG (ISIN: DE000A0JM634) is anticipating consolidated sales
to be considerably lower than previously expected, amounting to
approximately EUR 280 million, and consolidated profit to decline
further for the business year 2012, based on initial indications for
the third quarter, which ended on 30 September 2012. The third
quarter was marked by negative sales trend, especially on the German,
Italian and English solar markets, and special circumstances on the
earnings line. Contrary to expectations, the trend towards weaker
business has intensified once again: the price deterioration caused
by the tariff reductions has continued on these markets. Accordingly,
the company expects turnover to be approximately 50% lower in the
third quarter of 2012 than it was in the third quarter of 2011. Due
to the change in the environment, the outlook, together with the
business or company values of the cash-generating units, was
reassessed during the third quarter based on the figures from
mid-2012. This resulted in an extraordinary depreciation in asset
values of approximately EUR 13 million as of 30 September 2012.
Moreover, the termination of the joint venture in China will result
in a write-down of approximately EUR 11 million for the holding in
the third quarter of 2012.

The company had already reduced its expected turnover from EUR 410
million to EUR 370 million on 2 August 2012. An acceleration in the
negative market trend after the second quarter caused aleo solar AG
to be much more pessimistic in assessing its expected consolidated
sales and results by the end of the year.

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc
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issuer: aleo solar AG
Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-690
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
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