AES Shareholders Approve Proposed Takeover By Global Infrastructure Partners, EQT Infrastructure VI Fund At $15/Share In Cash

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AES Corporation

AES

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BlackRock, Inc.

BLK

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The AES Corporation (the "Company" or "AES") (NYSE:AES) today announced that its stockholders voted to approve the Company's previously announced acquisition by Global Infrastructure Partners ("GIP"), a part of BlackRock, and the EQT Infrastructure VI fund ("EQT"), along with co-underwriters California Public Employees' Retirement System ("CalPERS") and Qatar Investment Authority ("QIA") (collectively "the Consortium"), at the Company's Meeting of Stockholders held earlier today.

As previously announced, under the terms of the merger agreement the Consortium will acquire all outstanding common shares of AES for $15.00 per share in cash, representing a total equity value of approximately $10.7 billion and an enterprise value of approximately $33.4 billion, including the assumption of existing debt.