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EANS-News: aleo solar Corporate News: Bosch announces planned takeover offer for aleo solar AG

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
The Management Board of aleo solar
AG today announced that some of the key shareholders, which together 
hold almost 40 percent of aleo solar AG's share capital, have signed 
agreements with Robert Bosch GmbH to sell their shares to the latter.
The selling shareholders comprise a group of investors around Marius 
Eriksen, the company's initiator and co-founder, as well as a company
closely associated with HANNOVER Finanz, a financial investor who has
invested in aleo solar since 2005. This transaction is subject to the
formal proviso that antitrust authorities approve it and that the 
minimum acquisition threshold of possibly 75 percent (which shall be 
fixed in the voluntary public takeover offer) is reached.
The purchase price is EUR 9.00 in cash per aleo share and thus 33 
percent above the closing price of EUR 6.78 per share on Friday, July
31, 2009, and 43 percent above the weighted average price of one aleo
share in XETRA® trading during the three months preceding publication
of this transaction (EUR 6.31).
Bosch intends to submit a suitable voluntary public takeover offer to
the shareholders of aleo solar AG with the aim of acquiring the 
latter's remaining shares in connection with its acquisition of close
to 40 percent of the shares of aleo solar AG.
The Management Board of aleo solar AG welcomes the proposed 
transaction and considers Bosch to be an excellent partner. Jakobus 
Smit, also co-founder and Chairman of aleo solar AG's Management 
Board, emphasizes: "We consistently positioned ourselves as a premium
brand and built up a strong, own sales organization. Hence we are 
pleased that in Bosch's view, we are ideally suited for supplementing
its current activities in photovoltaics, which are essentially rooted
in its acquisition of ersol Solar Energy AG in 2008. As part of this 
network, we will successfully continue to move along the growth 
trajectory we launched in recent years."
The co-founder and chairman of the Supervisory Board of aleo solar AG
Marius Eriksen adds: "This confirms the strategy we've been pursuing 
for years. Bosch's decision to continue expanding the Prenzlau 
production site, as well as the Oldenburg location for both the 
German and international sales organization and marketing, under the 
present management constitutes a special recognition of the 
performance of all our employees and Management Board members. It 
also is excellent news for the cities of Prenzlau and Oldenburg."
Bosch simultaneously entered into an agreement with the shareholders 
of Johanna Solar Technology GmbH to acquire a majority stake in 
Johanna Solar Technology GmbH. aleo solar will no longer pursue its 
plan to purchase additional shares in Johanna Solar Technology GmbH 
if the voluntary public takeover offer and the acquisition agreements
are executed. In aleo solar's view, Bosch will be an excellent 
majority shareholder for Johanna Solar Technology GmbH. Bosch's 
technological expertise will enable it to provide the support that 
Johanna Solar Technology GmbH needs in taking its sophisticated 
production processes to the level of optimized mass production.
The Bosch Group entered the photovoltaics industry by acquiring ersol
Solar Energy AG in June 2008. It established a separate division — 
Solar Energy — for its photovoltaics business and has been 
consistently expanding it ever since. Acquiring aleo solar AG is the 
next logical step in its quest to position itself as an integrated 
provider. Besides photovoltaics, the Bosch Group also offers numerous
additional systems for utilizing regenerative energies. Bosch Rexroth
delivers gears and drive technology for wind turbines, as well as 
hydraulic actuators for solar thermal power stations, besides 
developing drive concepts for the emerging field of marine power 
generation. Bosch Thermotechnology is a leading supplier of 
electrical heat pumps and of solar collectors for hot-water 
generation.
end of announcement                               euro adhoc

Further inquiry note:

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

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