Subsidiary distributions are important to the Parent Company because the ParentCompany is a holding company that does not derive any significant direct revenuesfrom its own activities but instead relies on its subsidiaries’ business activities and the resultant distributions to fund the debt service, investmentand other cash needs of the holding company. The reconciliation of differencebetween the subsidiary distributions and the Net Cash Provided by OperatingActivities consists of cash generated from operating activities that is retained at the subsidiaries for a variety of reasons which are both discretionary and non-discretionary in nature. These factors include, but are not limited to, retentionof cash to fund capital expenditures at the subsidiary, cash retention associatedwith non-recourse debt covenant restrictions and related debt service requirementsat the subsidiaries, retention of cash related to sufficiency of local GAAPstatutory retained earnings at the subsidiaries, retention of cash for working capital needs at the subsidiaries, and other similar timing differences betweenwhen the cash is generated at the subsidiaries and when it reaches the ParentCompany and related holding companies.(2) Parent Company Liquidity is defined as cash at the Parent Company plus availability under corporate revolver plus cash at qualifying holding companies(QHCs). AES believes that unconsolidated Parent Company liquidity is important tothe liquidity position of AES as a Parent Company because of the non-recoursenature of most of AES’s indebtedness. (3) The cash held at QHCs represents cash sent to subsidiaries of the companydomiciled outside of the US. Such subsidiaries had no contractual restrictions ontheir ability to send cash to AES, the Parent Company.

Cash at those subsidiarieswas used for investment and related activities outside of the US. Theseinvestments included equity investments and loans to other foreign subsidiaries aswell as development and general costs and expenses incurred outside the US. Accordingly, the Company has presented certainfinancial metrics which are defined as Proportional (a non-GAAP financialmeasure). Proportional metrics present the Company`s estimate of its share in theeconomics of the underlying metric. The Company believes that the Proportional metrics are useful to investors because they exclude the economic share in the metric presented that is held by non-AES shareholders. For example, Operating CashFlow is a GAAP metric which presents the Company`s cash flow from operations on aconsolidated basis, including operating cash flow allocable to noncontrollinginterests.

Proportional Operating Cash Flow removes the share of operating cashflow allocable to noncontrolling interests and therefore may act as an aid in thevaluation the Company. Proportional measures are considered in the Company`s internal evaluation of financial performance. Proportional metrics are reconciledto the nearest GAAP measure. Certain assumptions have been made to estimate ourproportional financial measures.These assumptions include: (i) the Company`s economic interest has been calculatedbased on a blended rate for each consolidated business when such businessrepresents multiple legal entities; (ii) the Company`s economic interest may differ from the percentage implied by the recorded net income or loss attributableto noncontrolling interests or dividends paid during a given period; (iii) the Company`s economic interest for entities accounted for using the hypotheticalliquidation at book value method is 100%; (iv) individual operating performance ofthe Company`s equity method investments is not reflected and (v) all intercompanyamounts have been excluded as applicable. (2) Adjustment factors include $0.10 per share of addbacks related primarily toestimated unrealized foreign currency and FAS 133 derivative losses as well as a ($0.16) per share gain on sale related to Northern Kazakhstan businesses(3) Non-GAAP financial measure as reconciled in the table above. See Non-GAAPFinancial Measures for definition.(4) See Footnote (1) on Parent Financial Information for definition. The AES CorporationMedia Contact:Meghan Dotter, 703-682-6670orInvestor Contact:Ahmed Pasha, 703-682-6451 Copyright Business Wire 2009.

Chen Fu, Director ofInvestor Relations, will represent the management to share their views oncorporate strategy, current operations and growth potential of the Companywith institutional investors. Through participating in these major investorevents, senior management of Acorn International expects to continuouslyenhance communications with global investors.About AcornAcorn is a leading integrated multi-platform marketing company in China,operating one of China’s largest TV direct sales businesses in terms ofrevenues and TV air time and a nationwide off-TV distribution network. Acorn’sTV direct sales platform consists of airtime purchased from both national andlocal channels. In addition to marketing and selling through its TV directsales programs and its off-TV nationwide distribution network, Acorn alsooffers consumer products and services through catalogs, outbound telemarketingcenter and an ecommerce website.

The announcement released at 17.19 on 7 May 2009 should have had the headline”Transaction in Own Shares” not “Net Asset Value”.At the General Meeting of the Company held on 11 February 2009 shareholdersgranted the Company authority to purchase up to 3,781,752 ordinary shares.The Company announces today it repurchased 25,000 ordinary shares at a price of235 pence per share. 225,500 ordinary shares have been purchased under thecurrent authority and the issued share capital after the cancellation of sharesrepurchased will be 25,003,001.Since 15 April 1999 when the Company first obtained powers to purchase its ownshares, a total of 26,780,133 shares have been repurchased.7 May 2009END. MADRID, May 8 (Reuters) – Spanish builder Sacyr Vallehermoso(SVO.MC) said on Friday first quarter net profit fell 80.2percent to 41 millions euros ($55 million).. * WHO may reduce assembly length to five days * Mexico to raise concerns about “discriminatory” measures * More than 2,300 flu infections confirmed in 24 countries (Adds comments from Mexico’s U.N. ambassador, WHO chief) By Stephanie Nebehay and Laura MacInnis GENEVA, May 8 (Reuters) – The World Health Organisation may cut short its annual assembly this month because health ministers are needed at home to combat the H1N1 flu virus spreading around the globe, a spokesman said on Friday. Diplomats said consensus was building among the WHO’s 193 member states to reduce the policy-setting assembly, set for May 18 to 27 in Geneva, to five days because of the pandemic threat. “It is definitely under consideration, it is a possibility,” WHO spokesman Thomas Abraham told Reuters “People need to be in their home countries At the same time, it is an important gathering,” he said.