ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 26, 2003--The AES Corporation (NYSE: AES) announced today that Eduardo Jose Bernini has been appointed Vice President of AES and Chief Executive Officer of Eletropaulo, the electric distribution company serving 4.6 million customers in Sao Paulo, Brazil. Mr. Bernini's appointments are effective as of September 1, 2003.

Prior to joining AES and Eletropaulo, Mr. Bernini was Chief Executive Officer of EDP Brasil S.A., the Brazilian electricity holding company of Eletricidade de Portugal S.A. He is Vice-President of the Brazilian Association for Infrastructure Development and in 1995-1996 was Deputy Secretary of Energy of the State of Sao Paulo.

"I am extremely pleased to welcome Eduardo to AES as Vice President of our Brazilian businesses and as CEO of Eletropaulo," stated Joseph C. Brandt, Chief Operating Officer for Integrated Utilities. "With over twenty years of public and private sector experience in the electricity market, Eduardo is uniquely suited to lead our businesses in Brazil. He brings well-honed regulatory skills, a commitment to operational excellence and a reputation for integrity to these significant and promising investments."

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain "forward-looking statements" regarding The AES Corporation's business. These statements are not historical facts, but statements that involve risks and uncertainties. Actual results could differ materially from those projected in these forward-looking statements. For a discussion of such risks and uncertainties, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.

AES is a leading global power company comprised of contract generation, competitive supply, large utilities and growth distribution businesses.

The company's generating assets include interests in 157 facilities totaling over 52 gigawatts of capacity, in 29 countries. AES's electricity distribution network sells 108,000 gigawatt hours per year to over 16 million end-use customers.

For more general information visit our web site at www.aes.com or contact investor relations at investing@aes.com.

CONTACT:
AES Corporation
Kenneth R. Woodcock, 703-522-1315

SOURCE: AES Corporation