AES Appoints Susan Harcourt Vice President of Investor Relations; Appoints Ahmed Pasha CFO of US Utilities and Conventional Generation

ARLINGTON, Va., March 10, 2022 /PRNewswire/ — AES Corporation (NYSE: AES) today announced the appointment of Susan Harcourt as Vice President of Investor Relations, succeeding Ahmed Pasha who was named the company’s chief financial officer for U.S. utilities and conventional generation.

Susan Harcourt

“Susan brings deep knowledge of AES from her time as Chief of Staff to our President and CEO, Andrés Gluski, as well as her previous roles in portfolio management,” said Stephen Coughlin, Executive Vice President and Chief Financial Officer of AES. “I would like to thank Ahmed for his strong leadership over the past decade, including communicating our transformation story to investors and achieving two investment grade credit ratings. Going forward, he will continue to play an important role in the within our finance team as chief financial officer of our U.S. utilities and conventional generation.”

Harcourt joined AES in 2010 and most recently served as Chief of Staff to the Chief Executive Officer of AES for the past three years. Previously, Susan held various positions within AES’ portfolio management team and in business development.

Pasha joined AES in 1995 and has held numerous positions in finance and business development. Most recently, Ahmed served as Global Treasurer and Vice President of Investor Relations. In his new role, Ahmed will be the CFO of AES Indiana and AES Ohio, as well as 8.3 GW of conventional generation in the United States.

About AES

AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we are improving lives by providing the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers in their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

Safe Harbor Disclosure

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those relating to earnings, growth and financial results and future operations. performance. Forward-looking statements are not intended to be guarantees of future results, but rather constitute AES’ current expectations based on reasonable assumptions. The forecast financial information is based on certain important assumptions. These assumptions include, but are not limited to, our expectations regarding the COVID-19 pandemic, accurate projections of future interest rates, commodity prices and currency prices, maintaining normal levels of operating performance and volume of electricity in our distribution companies and the operational performance at our generation activities in line with historical levels, as well as the execution of PPAs, the conversion of our order backlog and growth investments at levels of normalized investment and rates of return consistent with past 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’ filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks discussed in 1A: “Factors Statements” and Item 7: “Discussion & Analysis” in AES’s Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’ filings for more information. 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, unless the law requires it.

Any shareholder who wishes to obtain a copy of the company’s 2021 Annual Report on Form 10-K filed on February 28, 2022, and any subsequent filings with the SEC, may obtain a copy (excluding exhibits) free of charge. by making a request to the Office of the Secretary General, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Parts may also be requested, but a fee equal to the cost of reproducing them will be charged. A copy of Form 10-K may be obtained by visiting the Company’s website at www.aes.com.

Website Disclosure

AES uses its website, including its quarterly updates, as channels for disseminating Company information. The information published by AES through these channels can be considered important. Accordingly, investors should monitor our website, in addition to following AES press releases, quarterly SEC filings, public conference calls and webcasts. Additionally, you can automatically receive email alerts and other information about AES when you register your email address by visiting the “Subscribe to alertsfrom the AES Investors website. Content from the AES website, including its quarterly updates, is not incorporated by reference into this release.

Ahmed Pasha

Ahmed Pasha

Accelerating the future of energy, together.  (PRNewsphoto/The AES Corporation)

Accelerating the future of energy, together. (PRNewsphoto/The AES Corporation)

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