AES Announces Results of Its Tender Offer for Its Senior Notes

ARLINGTON, Va.--(Business Wire)--
The AES Corporation (NYSE: AES) today announced that it has
accepted for purchase an aggregate of $762.6 million of senior notes
in its previously announced tender offer, which expired 12:00
midnight, New York City time on Wednesday, June 18, 2008. The
following table shows the aggregate principal amount of each series of
senior notes that were tendered and accepted for purchase by AES.

-0-
*T
Principal
Accept- Aggregate Amount
Title ance Principal Principal Accepted
of Priority Amount Series Amount for
Security Level Outstanding Tender Cap Tendered Purchase
--------- -------- ------------ ------------ ------------ ------------
8.75% 1 $752,553,000 $377,030,000 $341,632,000 $62,299,000
Second less
Priority Untendered
Senior Note
Secured Consents(1)
Notes
due 2013
9.50%
Senior
Notes
due 2009 2 $467,308,000 $313,000,000 $313,771,000 $313,771,000
9.375%
Senior
Notes
due 2010 3 $422,665,000 $208,000,000 $209,056,000 $209,056,000
8.875%
Senior
Notes
due 2011 4 $306,805,000 $176,000,000 $177,465,000 $177,465,000
*T

-0-
*T

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

1. AES offered to purchase up to $377,030,000 aggregate principal
amount of its Second Priority Senior Secured Notes due 2013 (the
"Secured Notes") less the aggregate principal amount of Secured
Notes for which the holders delivered a consent in the consent
solicitation for the Secured Notes without tendering the related
Secured Notes in the tender offer (such consents being referred to
herein as "Untendered Note Consents"). As of the expiration time,
Untendered Note Consents relating to $314,731,000 aggregate
principal amount of Secured Notes were delivered.
*T

AES expects settlement of the tender offer and the consent
solicitation by paying the applicable total consideration, tender
offer consideration and/or consent fee, as the case may be, for each
series of notes to occur today, June 19, 2008. Once AES pays the
applicable consideration with respect to the Secured Notes that have
been validly tendered and accepted for payment in accordance with the
tender offer and has paid the consent fee with respect to all consents
that have been validly delivered in the consent solicitation prior to
the early/tender consent time, the proposed amendments to the
indenture governing the Secured Notes will become operative.

About AES

AES is one of the world's largest global power companies, with
2007 revenues of $13.6 billion. With operations in 29 countries on
five continents, AES's generation and distribution facilities have the
capacity to serve 100 million people worldwide. Our 15 regulated
utilities amass annual sales of over 78,000 GWh and our 123 generation
facilities have the capacity to generate more than 43,000 megawatts.
Our global workforce of 28,000 people is committed to operational
excellence and meeting the world's growing power needs. To learn more
about AES, please visit www.aes.com or contact AES media relations at
media@aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the
meaning of the Securities Act of 1933 and of the Securities Exchange
Act of 1934. Such forward-looking statements include, but are not
limited to, those related to future earnings, growth and financial and
operating performance. Forward-looking statements are not intended to
be a guarantee of future results, but instead constitute AES's current
expectations based on reasonable assumptions. Forecasted financial
information is based on certain material assumptions. These
assumptions include, but are not limited to, continued normal levels
of operating performance and electricity volume at our distribution
companies and operational performance at our generation businesses
consistent with historical levels, as well as achievements of planned
productivity improvements and incremental growth investments at
normalized investment levels and rates of return consistent with prior
experience.

Actual results could differ materially from those projected in our
forward-looking statements due to risks, uncertainties and other
factors. Important factors that could affect actual results are
discussed in AES's filings with the Securities and Exchange
Commission, including, but not limited to, the risks discussed under
Item 1A "Risk Factors" in AES's 2007 Annual Report on Form 10-K.
Readers are encouraged to read AES's filings to learn more about the
risk factors associated with AES's business. AES undertakes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

AES Corporation
Media:
Robin Pence, 703-682-6552
or
Investors:
Ahmed Pasha, 703-682-6451

Copyright Business Wire 2008