EANS-Adhoc: aleo solar AG / aleo solar AG agrees capital measure with Robert Bosch GmbH

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13.11.2012

aleo solar AG and its majority shareholder, Robert Bosch GmbH, today agreed a waiver of claims in the amount of EUR 25 million and a declaration to subordinate liability in the amount of EUR 50 million. Robert Bosch GmbH had extended short-term shareholder loans under a Group credit facility to aleo solar AG between 19 December 2011 and 19 September 2012, which at 30 September 2012 amounted to EUR 91 million (plus interest not yet paid in the amount of EUR 816 thousand).

Under today's waiver agreement, Robert Bosch GmbH waived claims against aleo solar AG amounting to EUR 25 million in connection with these loans effective immediately. For the remaining shareholder loan, Aleo Solar AG and Robert Bosch GmbH today also agreed a declaration to subordinate liability in accordance with Section 19 (2) sentence 2 German Insolvency Code amounting to EUR 50 million.

Given the current tight capital position of aleo solar AG, these measures are intended to relieve the balance sheet of aleo solar AG and improve the company's capital structure.

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

(END) Dow Jones Newswires

   November 13, 2012 11:10 ET (16:10 GMT)- - 11 10 AM EST 11-13-12