Germany1 Acquisition Limited /AEG Power Solutions: Management Statement

Regulatory News:

Germany1 (Amsterdam:GAL1S) is the holding company of AEG Power Solutions, a global player in power electronics.

The following statement highlights some key trends and developments within the business. The company will issue its full year 2009 financial results on 9 April 2010 and will issue its Q1 2010 Interim Management Statement on 30 April 2010.

Solar Industry Update

AEG Power Solutions (AEG PS) is the global leader in providing AC power control systems for the manufacture of polysilicon, a key ingredient used by solar panel makers. Explosive growth in demand for solar energy around the world and corresponding demand for polysilicon created a buoyant market for the Company’s equipment in 2007 and 2008; however the economic downturn toward the end of 2008 and through the first half of 2009 led to a slowdown in demand for solar energy as well as excess inventory in polysilicon. With the solar industry’s sustained late 2009 recovery, AEG PS is beginning to see the positive impact as a polysilicon equipment provider.

New Energies Focus

The transformation of AEG PS into an industry leading Energy Management Integrator (EMI) for the design and enabling of smart micro-grids and nano-grids is accelerating. The Company announced on March 9^th, 2010 it acquired a majority stake in skytron energies , an award-winning German solar energy management monitoring, supervision, and reporting equipment supplier.. The acquisition will further enhance AEG’s forward looking EMI business strategy. AEG Power Solutions is dedicated to providing its customers with reliable, cost effective EMI solutions by utilizing renewable solar, wind, and storage sources to reduce environmental impact and customer operating expenses. AEG’s commitment to providing mission-critical renewable energy power electronics solutions will support the emergence of smart micro-grids and nano-grids throughout the world.

In keeping with its effort to reduce its own carbon footprint and provide world-class energy-efficient solar solutions, AEG PS announced plans to install solar and energy storage grids on its largest facilities in France, Spain, Germany, The Netherlands and the United States. In addition, AEG PS is working in partnership with the FREEDm Center of North Carolina State University,USA. The FREEDm Center is dedicated to fundamental research on the transformation of today’s energy grid using smart micro-grids.

Recent Developments

At the CeBIT exhibition on March 2, 2010, AEG Power Solutions launched Combination Architecture^© standby power solutions for mission-critical facilities, mainly Data & IT business. Combination Architecture^© will provide the basis for a new generation of standby power systems capable of harnessing renewable and alternative energy sources. The new solutions will utilise low-impact, cost-efficient technologies as sources of power or energy storage in order to increase system efficiency and reduce carbon footprints. These technologies include ultra capacitors, fuel cells, solar cell and wind power energy. The SuperCaps UPS presented at CeBIT will be the first available. AEG PS is also introducing to the market its new range of ECO^px DC systems, with a MPi range which addresses the need for reduced energy consumption and CO₂ emissions in the telecommunications industry and the most reliable performance in the market.

Outlook

Bruce Brock, Chief Executive Officer of AEG Power Solutions, commented: "Overall, 2009 was a good year for us in terms of revenue generation and profitability. While there remains a global oversupply of polysilicon, many producers are taking advantage of the current period to improve their costs through process improvement and increased throughput and capacity. This situation is reflected in the booking of over 15 M Euros of orders for equipment to support polysilicon, ingot and wafer production. Looking at all of our business lines more broadly, our key indicators point to a general strengthening throughout 2010 and full recovery by the end of 2011.”

He added, "AEG PS has provided innovative, reliable and efficient power electronics solutions for well over 100 years. Today, we are continuing this tradition by meeting the world’s needs for power electronics while catering to future demands for renewable energy and smart grids.”

Corporate Initiatives

On February 16, 2010 the Company announced plans to change the name of its holding company from Germany1 Acquisition Limited to 3WPower Holdings and began the process of moving the holding company’s location from Guernsey to Luxembourg. In addition, the company appointed Thomas Middelhoff to the Board of Directors. Together, these initiatives constitute an important milestone in the life of AEG Power Solutions as a listed company and leading player in power electronics.

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About AEG Power Solutions

AEG Power Solutions is a power supply provider offering one of the world’s most comprehensive portfolios of premium power supply systems and solutions. The company has its main competence and manufacturing center in Warstein, Germany and is headquartered near Amsterdam, the Netherlands.

The company has been operating as an independent, global supplier of power solutions since 2005. It employs 1600 people in 16 countries, including more than 160 service and installation engineers to provide comprehensive customer support and service. Renowned for engineering excellence, AEG Power Solutions holds more than 70 active patents in power conversion. The company represents the culmination of more than 150 years of power engineering expertise developed under the AEG Power supply systems, Harmer & Simmons and Saft Power Systems names, which are all part of the Company’s history.

AEG Power Solutions was acquired on September 10, 2009 by Germany1 Acquisition Limited, which is listed on Euronext Amsterdam under the ticker symbol "GAL1 S.” For more information, please visit www.aegps.com.

Safe Harbor Statement

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of Germany1. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of Germany1 and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of Germany1 and the actual results of Germany1 may materially differ from the information expressed or implied in the forward looking statements. As a result, investors are cautioned against relying on the forward looking statements contained herein as a basis for their investment decisions regarding Germany1.

Germany1 undertakes no obligation to update or revise any forward looking statement contained herein.