AES Prices 20M Share Buyback at $12.912/Share; Secondary Offering of 40M Shares at $13.45/Share - AES (NYSE:AES)

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The AES Corporation (NYSE: AES) announced today pricing for the repurchase of 20 million shares of its common stock (the “Repurchase”) from Terrific Investment Corporation (the “Selling Stockholder”), a subsidiary controlled by China Investment Corporation (“CIC”), for approximately $258 million at $12.912 per share. Additionally, the Company's previously announced secondary public offering of 40 million shares of its common stock (the “Offering”), offered to the public by the Selling Stockholder, priced at $13.45 per share. AES will not receive any of the proceeds from the Offering. The Selling Stockholder has granted to the underwriters an option to purchase up to 6 million additional shares at the public offering price, less the underwriting discount, to cover over-allotments, if any, for a period of

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