Germany1 Acquisition Limited/AEG Power Solutions Interim Management Statement

ZWANENBURG, Netherlands--(Business Wire)--
Regulatory News:

Germany1 Acquisition Limited (Amsterdam:GAL1S) successfully completed its
business combination with AEG Power Solutions on September 10.

Germany1 is the holding company of AEG Power Solutions.

Changes to the Board of Directors

Subsequent to the business combination, the former managers of Germany1
Acquisition Limited resigned their positions and a new Board of Directors was
appointed.The Board of Directors for Germany1 Acquisition Limited consists of
the following individuals: Prof. Roland Berger, Chairman, Dr. Mark Wössner, Dr.
Leonhard Fischer, Tim Collins, Keith Corbin, all as non-executive members and
Bruce Brock and Robert Huljak as executive members.

AEG Power Solutions Executive management team

The executive management personnel of AEG Power solutions are: Bruce Brock CEO,
Robert Huljak CSO, Marios Michaelides interim CFO, Kaivon Mortazavi COO, Lazslo
Lakatos-Hayward CTO, Michael Julian General Counsel, and Jeff Casper VP of
Business Relations. Bruce Brock is the Managing Director of Germany1 Acquisition
Limited.

Business performance of AEG Power Solutions

In the period 1 January 2009 to 10 September 2009, AEG Power Solutions had
revenues of €278.5m(1) and EBITDA of €75.5m(1).The strong performance is the
result of significant order backlog from an exceptionally strong year in 2008,
which has provided good visibility through 2009. We expect 2009 to be an
exceptional year for profitability.

Our business has been impacted by the severe economic conditions experienced
throughout the world in the past year. Our business has a traditional lag time
of several months before macro economic events begin to show in our operating
results. Our order intake through August of 2009 stands at €136.7m(1). This is a
significant drop from 2008 and will have an impact on our future results.
Specifically, orders have been impacted by the global oversupply of poly silicon
and the rapid slowdown in industrial output of late 2008 and through 2009. In
response to these events, we continue to take steps to improve efficiency and to
pare our costs. We have a solid cash position and we continue to plan to ensure
we are adequately capitalized to be able to execute on our long term growth
strategies. We are well positioned to take advantage of the significant
opportunities we see in the medium term.

In September, we launched our high power solar inverter, the Protect PV.250.
Specifically designed for utility-scale grid connection, the Protect PV.250 is
rated to handle power input ranging from 250 kW to 1MW. The Protect PV.250 can
be customized to each specific application thanks to a range of available
options and its unique container design. The inverter was developed at the AEG
Power Solutions R&D center in Warstein-Belecke, Germany. The introduction of the
Protect PV.250 enlarges the range of the AEG Power Solutions portfolio into the
megawatt range and confirms the company`s commitment to provide a complete range
of end-to-end solutions to new energy markets.

We also launched the new Protect 8 UPS, designed and built using a modular,
building block architecture. The Protect 8 generation is built on the know-how
and technology developed for the Protect 5 product family. Protect 8 UPS` are
designed for virtually all industrial sectors requiring maximum reliability,
such as onshore and offshore oil & gas installations, energy & electricity
generation and distribution, water treatment and instrumentation, process
control and all crucial infrastructure markets.

The many stimuli provided by government sponsored programs around the world are
creating unique opportunities through future infrastructure build and in
alternative/renewable energies. We intend to maintain our operational and
execution capabilities in order to succeed competitively in these areas. Over
the past two months we have seen an increase in the quote rate for new projects
and although this has not resulted in firm orders, this traditionally has been a
positive leading indicator of future results.

(1) The financial information presented is unaudited and is for the AEG group
only. The figures exclude Germany 1 and are not the consolidated results of
Germany1. The figures also exclude AEG`s DC Converter business which is treated
as discontinued in the December 2008 audited group accounts of AEG. The figures
also exclude any purchase accounting entries that would be required on the
consolidation of Germany1 and AEG.

About AEG Power Solutions

Since its creation more than 60 years ago, AEG Power Solutions has stood for
rugged reliability and world-class engineering. Today, AEG Power Solutions
offers one of the world`s most comprehensive portfolios of premium power supply
systems, solutions and services. Solutions and controllers from AEG Power
Solutions are designed specifically to interface with utility electrical grids,
providing high efficiency, customized energy solutions to industries requiring
complex, intelligent power supply control.

The company employs 1,600 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 and benefits from more than a half
century of expertise.

In addition to standard and customized UPS, the AEG Power Solutions range of
industrial products and services includes DC systems for industrial
applications, UPS for IT, industrial chargers, and premium power controllers for
high-tech industry applications, railway solutions and solar inverters. The
group also provides world-class standard and customized telecom power systems.

AEG Power Solutions was acquired on 10 September 2009 by Germany1 Acquisition
Limited, which is listed on Euronext Amsterdam under the ticker symbol "GAL1 S".

www.aegps.com

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.

Media relations:
Claire Pairault:
claire.pairault@aegps.com
Tel: + 33 6 19 60 91 64
+33 1 55 51 10 76
or
Investor relations:
Jeffrey Casper
Jeffrey.casper@aegps.com
Tel:+44(0) 77 91 91 12 90 53
+31 (0) 61 09 75 830

Copyright Business Wire 2009