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Media Contact Meghan Dotter 703 682 6670
Investor Contact Ahmed Pasha 703 682 6451



AES Schedules Conference Call to Discuss Third Quarter 2008 Financial Results

Conference Call Friday, November 7, 2008 at 10:00 a.m. EST

ARLINGTON, VA, November 5, 2008 – The AES Corporation (NYSE: AES) will host a
conference call on Friday, November 7, 2008 at 10:00 a.m. Eastern Standard Time (EST) to
review its third quarter 2008 financial results.

The call will include prepared remarks and a question and answer session. It will be open to the
media and the public in a listen-only mode by telephone and webcast. Interested parties may
listen to the teleconference by dialing 1-866-229-5768 at least ten minutes before the start of the
call. International callers should dial +1-973-200-3007. The reservation number for this call is
72303884. Internet access to the conference call and presentation materials will be available on
the AES website at www.aes.com by selecting “Investor Information” and then “Quarterly
Financial Reports.”

A telephonic replay of the call will be available from approximately 1:00 p.m. EST on Friday,
November 7, 2008 through Friday, November 28, 2008. Callers in the U.S. please dial 1-800-
642-1687. International callers should dial +1-706-645-9291. The system will ask for a
reservation number; please enter 72303884 followed by the pound key (#). A webcast replay, as
well as a replay in downloadable MP3 format, will be accessible at www.aes.com beginning
shortly after the completion of the call.

About AES

AES is one of the world's largest global power companies, with 2007 revenues of USD
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 14 regulated utilities
amass annual sales of approximately 76,000 GWh and our 124 generation facilities have the
capacity to generate approximately 43,000 MW. 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


                                             - more -
-2-

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.

                                               ###

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AES 3Q 0811.05.08

  • 1. Media Contact Meghan Dotter 703 682 6670 Investor Contact Ahmed Pasha 703 682 6451 AES Schedules Conference Call to Discuss Third Quarter 2008 Financial Results Conference Call Friday, November 7, 2008 at 10:00 a.m. EST ARLINGTON, VA, November 5, 2008 – The AES Corporation (NYSE: AES) will host a conference call on Friday, November 7, 2008 at 10:00 a.m. Eastern Standard Time (EST) to review its third quarter 2008 financial results. The call will include prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-866-229-5768 at least ten minutes before the start of the call. International callers should dial +1-973-200-3007. The reservation number for this call is 72303884. Internet access to the conference call and presentation materials will be available on the AES website at www.aes.com by selecting “Investor Information” and then “Quarterly Financial Reports.” A telephonic replay of the call will be available from approximately 1:00 p.m. EST on Friday, November 7, 2008 through Friday, November 28, 2008. Callers in the U.S. please dial 1-800- 642-1687. International callers should dial +1-706-645-9291. The system will ask for a reservation number; please enter 72303884 followed by the pound key (#). A webcast replay, as well as a replay in downloadable MP3 format, will be accessible at www.aes.com beginning shortly after the completion of the call. About AES AES is one of the world's largest global power companies, with 2007 revenues of USD 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 14 regulated utilities amass annual sales of approximately 76,000 GWh and our 124 generation facilities have the capacity to generate approximately 43,000 MW. 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 - more -
  • 2. -2- 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. ###