AES Agrees to Sell Its Ukraine Assets

Fri Feb 1, 2013 8:00am EST

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ARLINGTON, Va.--(Business Wire)--
The AES Corporation (NYSE: AES) today announced that it has agreed to sell its
two power distribution businesses in Ukraine to VS Energy International. Under
the agreement, AES will sell its 89.12 percent equity interest in AES
Kyivoblenergo, which serves 881,000 customers in the Kiev region, and its 84.56
percent equity interest in AES Rivneoblenergo, which serves 412,000 customers in
the Rivne region. 

"We continue to exit markets that are not part of our strategic vision," said
Tom O`Flynn, AES Executive Vice President and Chief Financial Officer. "This
transaction represents another step in the process to simplify our structure so
we can focus on creating value in markets where we have a compelling competitive
advantage." 

The transaction is expected to close by mid-2013 and is subject to local
regulatory approval. Both AES Kyivoblenergo and AES Rivneoblenergo will continue
operations, supplying energy to customers and working constructively with all
stakeholders. AES plans to provide additional detail on the transaction in its
fourth quarter 2012 earnings call materials and 10-K filing. 

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We
provide affordable, sustainable energy to 27 countries through our diverse
portfolio of distribution businesses as well as thermal and renewable generation
facilities. Our workforce of 27,000 people is committed to operational
excellence and meeting the world's changing power needs. Our 2011 revenues were
$17 billion and we own and manage $45 billion in total assets. To learn more,
please visit www.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` current expectations based on reasonable assumptions. Forecasted
financial information is based on certain material assumptions. These
assumptions include, but are not limited to, our accurate projections of future
interest rates, commodity price and foreign currency pricing, 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` filings
with the Securities and Exchange Commission, including, but not limited to, the
risks discussed under Item 1A "Risk Factors" in AES` 2011 Annual Report on Form
10-K. Readers are encouraged to read AES` filings to learn more about the risk
factors associated with AES` business. AES undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise. 

Any Stockholder who desires a copy of the Company`s 2011 Annual Report on Form
10-K dated on or about February 24, 2012 with the SEC may obtain a copy
(excluding Exhibits) without charge by addressing a request to the Office of the
Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington,
Virginia 22203. Exhibits also may be requested, but a charge equal to the
reproduction cost thereof will be made. A copy of the Form 10-K may be obtained
by visiting the Company`s website at www.aes.com.

The AES Corporation
Investor Contact:
Ahmed Pasha, 703-682-6451
or
Media Contact:
Rich Bulger, 703-682-6318 



Copyright Business Wire 2013

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