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Press Release Details

AES Announces Election of New Board Member Holly Koeppel and Retirement of Sandra Moose and Sven Sandstrom

Apr 23, 2015

ARLINGTON, Va.--(BUSINESS WIRE)-- The AES Corporation (NYSE: AES) announced today that Holly Keller Koeppel has joined AES’ Board of Directors. Ms. Koeppel was elected at AES’ 2015 Annual Meeting of Stockholders. AES also announced today that Sandra Moose and Sven Sandstrom retired from AES’ Board of Directors. Dr. Moose served for 11 years and Mr. Sandstrom served for 13 years.

“Holly’s 30 years of experience in the energy industry, as well as her knowledge of global energy-related commodity markets and infrastructure industries, will offer valuable insight to the Board,” said Charles Rossotti, Chairman of AES’ Board of Directors. “Sandy and Sven each contributed a great deal to AES in their more than 10 years on AES’ Board. I would like to thank them for their service and wish them well in the future.”

Ms. Koeppel was most recently Partner and Global Co-Head of Citi Infrastructure Investors, a division of Citigroup from 2010 until February 2015. Previously, she was Executive Vice President and Chief Financial Officer of American Electric Power Corporation (AEP) from 2006 until 2009. Ms. Koeppel held several additional executive positions at AEP from 2000 until 2006.

First elected to AES’ Board of Directors in 2004, Dr. Moose contributed to the development of the Company’s strategy through the Strategy and Investment Committee and to the succession planning process as Compensation Committee Chair. Dr. Moose is a former Senior Vice President and Director of The Boston Consulting Group.

Mr. Sandstrom was first elected to AES’ Board of Directors in 2002. He shared his global business and entrepreneurial expertise on the Audit and Nominating Committees. Mr. Sandstrom is a former Managing Director of the World Bank.

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 18 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 18,500 people is committed to operational excellence and meeting the world’s changing power needs. Our 2014 revenues were $17 billion and we own and manage $39 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

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 (the “SEC”), including, but not limited to, the risks discussed under Item 1A “Risk Factors” and Item 7: Management’s Discussion & Analysis in AES’ 2014 Annual Report on Form 10-K and in subsequent reports filed with the SEC. 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 2014 Annual Report on Form 10-K dated on or about February 25, 2015 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.

Source: The AES Corporation

The AES Corporation

Investor Contact:

Ahmed Pasha, 703-682-6451

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Media Contact:

Amy Ackerman, 703-682-6399

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